Entegris (NASDAQ:ENTG) Stock Rating Upgraded by StockNews.com

Entegris (NASDAQ:ENTG) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

ENTG has been the topic of a number of other reports. Craig Hallum lowered their price objective 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. BMO Capital Markets lowered their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. Mizuho lowered their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Finally, Citigroup lowered their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.78.

Entegris Stock Performance

NASDAQ:ENTG opened at $107.26 on Wednesday. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. Entegris has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The stock has a market cap of $16.21 billion, a PE ratio of 55.58, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24. The firm’s fifty day simple moving average is $103.14 and its 200-day simple moving average is $106.31.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. Analysts expect that Entegris will post 3.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the transaction, the senior vice president now directly owns 34,820 shares in the company, valued at $3,722,954.40. This represents a 26.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ENTG. Creative Planning lifted its holdings in shares of Entegris by 17.9% during the 3rd quarter. Creative Planning now owns 14,212 shares of the semiconductor company’s stock worth $1,599,000 after acquiring an additional 2,153 shares during the period. Blue Trust Inc. lifted its holdings in shares of Entegris by 221.3% during the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 239 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Entegris by 34.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,335 shares of the semiconductor company’s stock worth $263,000 after acquiring an additional 600 shares during the period. Signaturefd LLC lifted its holdings in shares of Entegris by 31.7% during the 3rd quarter. Signaturefd LLC now owns 1,852 shares of the semiconductor company’s stock worth $208,000 after acquiring an additional 446 shares during the period. Finally, Eastern Bank purchased a new position in shares of Entegris during the 3rd quarter worth about $682,000.

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).