Entegris, Inc. (NASDAQ:ENTG) Given Average Rating of “Moderate Buy” by Brokerages

Entegris, Inc. (NASDAQ:ENTG) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $149.80.

ENTG has been the subject of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research note on Monday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $160.00 price objective on shares of Entegris in a research report on Wednesday, June 26th. Finally, Mizuho upped their price target on shares of Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd.

Entegris Stock Performance

NASDAQ:ENTG opened at $136.61 on Wednesday. The company has a market cap of $20.60 billion, a price-to-earnings ratio of 65.68, a PEG ratio of 1.54 and a beta of 1.25. Entegris has a 1 year low of $84.13 and a 1 year high of $146.91. The stock’s 50 day simple moving average is $131.80 and its two-hundred day simple moving average is $129.29. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.35 and a quick ratio of 2.02.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The business had revenue of $771.03 million during the quarter, compared to analysts’ expectations of $769.24 million. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The business’s revenue was down 16.4% on a year-over-year basis. During the same period last year, the company posted $0.65 EPS. As a group, equities analysts anticipate that Entegris will post 3.25 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st were paid a $0.10 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.29%. Entegris’s dividend payout ratio (DPR) is currently 19.23%.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Olivier Blachier sold 1,986 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total value of $265,806.24. Following the completion of the sale, the senior vice president now directly owns 12,356 shares in the company, valued at approximately $1,653,727.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Olivier Blachier sold 1,986 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $133.84, for a total value of $265,806.24. Following the completion of the sale, the senior vice president now owns 12,356 shares in the company, valued at approximately $1,653,727.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Clinton M. Haris sold 5,005 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $124.74, for a total transaction of $624,323.70. Following the transaction, the senior vice president now owns 34,600 shares in the company, valued at $4,316,004. The disclosure for this sale can be found here. Insiders sold a total of 13,752 shares of company stock valued at $1,792,723 in the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. WCM Investment Management LLC lifted its stake in shares of Entegris by 0.4% during the 4th quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock worth $628,177,000 after purchasing an additional 22,249 shares during the last quarter. California Public Employees Retirement System raised its holdings in Entegris by 17.6% in the fourth quarter. California Public Employees Retirement System now owns 257,147 shares of the semiconductor company’s stock worth $30,811,000 after purchasing an additional 38,557 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Entegris during the fourth quarter valued at about $892,000. Stifel Financial Corp boosted its holdings in shares of Entegris by 6.5% in the 4th quarter. Stifel Financial Corp now owns 122,392 shares of the semiconductor company’s stock valued at $14,665,000 after buying an additional 7,456 shares in the last quarter. Finally, Schroder Investment Management Group grew its position in shares of Entegris by 14.8% in the 4th quarter. Schroder Investment Management Group now owns 487,517 shares of the semiconductor company’s stock worth $58,414,000 after buying an additional 62,761 shares during the last quarter.

About Entegris

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).