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 note issued to investors on Thursday.

ENTG has been the topic of a number of other research reports. KeyCorp cut their price target on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Mizuho reduced their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of Entegris in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $124.88.

Entegris Price Performance

Shares of ENTG opened at $65.39 on Thursday. Entegris has a fifty-two week low of $61.27 and a fifty-two week high of $147.57. The firm’s 50-day simple moving average is $98.67 and its two-hundred day simple moving average is $103.17. The stock has a market cap of $9.89 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08.

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 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%. Analysts anticipate that Entegris will post 3.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Entegris

In other news, SVP Clinton M. Haris sold 12,652 shares of the company’s stock in a transaction 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 $3,722,954.40. This represents a 26.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the transaction, the senior vice president now owns 10,903 shares in the company, valued at $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ENTG. Versant Capital Management Inc purchased a new stake in Entegris in the 1st quarter worth approximately $105,000. Central Pacific Bank Trust Division boosted its position in shares of Entegris by 125.7% in the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 171 shares during the period. First Hawaiian Bank increased its stake in shares of Entegris by 0.9% in the first quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company’s stock worth $1,381,000 after purchasing an additional 143 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Entegris by 265.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,122 shares of the semiconductor company’s stock worth $98,000 after purchasing an additional 815 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Entegris by 2.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,596 shares of the semiconductor company’s stock valued at $852,000 after purchasing an additional 203 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).