Entegris (NASDAQ:ENTG) Rating Reiterated by Deutsche Bank Aktiengesellschaft

Entegris (NASDAQ:ENTG)‘s stock had its “buy” rating restated by equities researchers at Deutsche Bank Aktiengesellschaft in a note issued to investors on Wednesday, Benzinga reports. They presently have a $160.00 target price on the semiconductor company’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 18.98% from the stock’s previous close.

Other analysts have also issued research reports about the company. Mizuho increased their price target on Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Needham & Company LLC restated a “buy” rating and set a $150.00 price target on shares of Entegris in a report on Monday, May 13th. Finally, Wolfe Research assumed coverage on Entegris in a report on Friday, March 1st. They set an “outperform” rating and a $160.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.80.

Entegris Stock Up 0.9 %

NASDAQ ENTG opened at $134.48 on Wednesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.02 and a current ratio of 3.35. The company has a market capitalization of $20.28 billion, a P/E ratio of 64.65, a P/E/G ratio of 1.53 and a beta of 1.24. Entegris has a one year low of $84.13 and a one year high of $146.91. The stock has a 50 day moving average price of $131.14 and a 200-day moving average price of $128.64.

Entegris (NASDAQ:ENTG) last posted its earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The firm had revenue of $771.03 million during the quarter, compared to the consensus estimate of $769.24 million. During the same period in the prior year, the company earned $0.65 EPS. The company’s quarterly revenue was down 16.4% compared to the same quarter last year. As a group, equities analysts predict that Entegris will post 3.25 EPS for the current fiscal year.

Insider Activity

In other news, SVP Olivier Blachier sold 1,986 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the transaction, the senior vice president now owns 12,356 shares in the company, valued at $1,653,727.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP James Anthony O’neill sold 6,761 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $133.50, for a total transaction of $902,593.50. Following the transaction, the senior vice president now owns 13,652 shares in the company, valued at $1,822,542. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Olivier Blachier sold 1,986 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $133.84, for a total value of $265,806.24. Following the transaction, the senior vice president now owns 12,356 shares in the company, valued at approximately $1,653,727.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,752 shares of company stock worth $1,792,723. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Entegris

A number of institutional investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale boosted its position in Entegris by 13.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 594,853 shares of the semiconductor company’s stock valued at $82,569,000 after purchasing an additional 72,088 shares in the last quarter. Cetera Advisors LLC boosted its position in Entegris by 171.6% during the first quarter. Cetera Advisors LLC now owns 7,237 shares of the semiconductor company’s stock valued at $1,017,000 after purchasing an additional 4,572 shares in the last quarter. Cetera Investment Advisers boosted its position in Entegris by 128.0% during the first quarter. Cetera Investment Advisers now owns 20,387 shares of the semiconductor company’s stock valued at $2,865,000 after purchasing an additional 11,444 shares in the last quarter. Atria Investments Inc boosted its position in Entegris by 51.9% during the first quarter. Atria Investments Inc now owns 29,566 shares of the semiconductor company’s stock valued at $4,155,000 after purchasing an additional 10,104 shares in the last quarter. Finally, Swedbank AB bought a new stake in Entegris during the first quarter valued at about $6,805,000.

Entegris Company Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).