Entegris’ (ENTG) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Entegris (NASDAQ:ENTG) in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a $120.00 target price on the semiconductor company’s stock.

ENTG has been the topic of several other reports. Craig Hallum cut their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their target price on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. KeyCorp dropped their price target on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday. Mizuho cut their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, BMO Capital Markets decreased their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.60.

Entegris Trading Down 2.7 %

NASDAQ:ENTG opened at $106.52 on Friday. Entegris has a 1 year low of $94.92 and a 1 year high of $147.57. The stock has a market cap of $16.08 billion, a P/E ratio of 55.19, a P/E/G ratio of 1.49 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. The stock has a 50-day simple moving average of $103.35 and a 200-day simple moving average of $106.86.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 13.00% and a net margin of 9.03%. As a group, analysts anticipate that Entegris will post 3.63 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Entegris’s dividend payout ratio (DPR) is 20.73%.

Institutional Investors Weigh In On Entegris

A number of hedge funds have recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC raised its stake in shares of Entegris by 16,255.1% during the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock worth $1,242,848,000 after buying an additional 10,977,064 shares in the last quarter. Cantillon Capital Management LLC raised its position in Entegris by 12.6% in the fourth quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company’s stock worth $259,176,000 after acquiring an additional 291,893 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Entegris by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company’s stock valued at $284,941,000 after acquiring an additional 49,846 shares during the period. Swedbank AB boosted its position in shares of Entegris by 47.7% during the 4th quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock worth $153,636,000 after purchasing an additional 500,581 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Entegris by 0.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company’s stock worth $169,206,000 after purchasing an additional 12,913 shares during the period.

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).