Entegris, Inc. (NASDAQ:ENTG) Receives Average Recommendation of “Moderate Buy” from Analysts

Entegris, Inc. (NASDAQ:ENTG) has received a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $146.40.

ENTG has been the topic of several research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Mizuho upgraded Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Thursday, August 1st. BMO Capital Markets cut their target price on Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Citigroup raised shares of Entegris from a “neutral” rating to a “buy” rating and lifted their price target for the company from $119.00 to $130.00 in a research report on Monday, September 16th. Finally, Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Innealta Capital LLC purchased a new stake in Entegris in the 2nd quarter worth about $26,000. Quarry LP purchased a new position in Entegris during the second quarter valued at approximately $27,000. Summit Securities Group LLC purchased a new position in Entegris during the second quarter valued at approximately $27,000. Opal Wealth Advisors LLC bought a new stake in Entegris during the 2nd quarter worth approximately $31,000. Finally, ORG Partners LLC purchased a new stake in Entegris in the 1st quarter worth approximately $33,000.

Entegris Trading Down 1.7 %

NASDAQ:ENTG opened at $108.07 on Friday. Entegris has a 52 week low of $84.13 and a 52 week high of $147.57. The firm’s fifty day moving average is $110.30 and its 200-day moving average is $125.07. The firm has a market cap of $16.30 billion, a P/E ratio of 51.96, a P/E/G ratio of 1.50 and a beta of 1.24. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.70 by $0.01. The business had revenue of $812.60 million during the quarter, compared to analysts’ expectations of $802.43 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The firm’s revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 earnings per share. Equities analysts expect that Entegris will post 3.14 earnings per share for the current year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, July 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. Entegris’s dividend payout ratio is currently 19.23%.

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).