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

Shares of Entegris, Inc. (NASDAQ:ENTG) have earned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat reports. One 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 $135.40.

ENTG has been the topic of several analyst reports. Mizuho decreased their price objective on Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Craig Hallum cut their target price on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. BMO Capital Markets lowered their price target on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. UBS Group cut their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft decreased 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.

Entegris Stock Performance

Shares of ENTG opened at $102.85 on Wednesday. Entegris has a 12-month low of $94.92 and a 12-month high of $147.57. The stock has a market cap of $15.53 billion, a P/E ratio of 68.11, a PEG ratio of 1.80 and a beta of 1.24. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average of $104.88 and a two-hundred day moving average of $114.82.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). The company had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The firm’s revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share. As a group, research analysts predict that Entegris will post 2.99 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Wednesday, October 30th. Entegris’s payout ratio is 26.49%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Arkadios Wealth Advisors increased its holdings in Entegris by 18.3% during the 2nd quarter. Arkadios Wealth Advisors now owns 1,742 shares of the semiconductor company’s stock worth $236,000 after purchasing an additional 270 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Entegris in the second quarter worth $26,000. iA Global Asset Management Inc. raised its holdings in Entegris by 8.1% in the second quarter. iA Global Asset Management Inc. now owns 33,470 shares of the semiconductor company’s stock valued at $4,532,000 after acquiring an additional 2,500 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in Entegris in the second quarter valued at $14,237,000. Finally, Catalytic Wealth RIA LLC boosted its stake in Entegris by 9.2% during the 2nd quarter. Catalytic Wealth RIA LLC now owns 2,426 shares of the semiconductor company’s stock valued at $328,000 after acquiring an additional 205 shares during the last quarter.

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).