StockNews.com Upgrades Entegris (NASDAQ:ENTG) to “Hold”

Entegris (NASDAQ:ENTG) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Several other research analysts also recently commented on ENTG. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. KeyCorp reduced their price target on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Finally, Mizuho reduced their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.88.

Entegris Trading Up 4.2 %

NASDAQ ENTG opened at $98.37 on Thursday. The stock’s 50-day simple moving average is $102.34 and its two-hundred day simple moving average is $105.25. Entegris has a twelve month low of $92.84 and a twelve month high of $147.57. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $14.87 billion, a price-to-earnings ratio of 50.97, a PEG ratio of 1.50 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. Research analysts forecast that Entegris will post 3.51 EPS for the current fiscal year.

Insider Buying and Selling at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at $1,177,524. The trade was a 8.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the sale, the senior vice president now directly owns 34,820 shares in the company, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Institutional Trading of Entegris

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Entegris by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company’s stock worth $1,505,925,000 after purchasing an additional 169,180 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Entegris by 33.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company’s stock worth $1,108,940,000 after purchasing an additional 2,826,463 shares in the last quarter. Mountaineer Partners Management LLC boosted its position in shares of Entegris by 16,255.1% in 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 purchasing an additional 10,977,064 shares in the last quarter. Norges Bank bought a new stake in shares of Entegris in the 4th quarter worth approximately $445,988,000. Finally, D1 Capital Partners L.P. lifted its position in Entegris by 329.4% in the 4th quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company’s stock valued at $272,702,000 after acquiring an additional 2,111,801 shares in 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).