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

Entegris, Inc. (NASDAQ:ENTG) has received an average rating of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $134.50.

Several equities research analysts have recently commented on ENTG shares. Citigroup reduced their price target on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lowered 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. Craig Hallum cut their price target on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. KeyCorp decreased their price objective on Entegris from $154.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Finally, UBS Group cut their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th.

Institutional Trading of Entegris

Institutional investors have recently bought and sold shares of the stock. Quarry LP acquired a new stake in shares of Entegris during the second quarter worth $27,000. Capital Performance Advisors LLP acquired a new stake in Entegris during the 3rd quarter worth about $29,000. Blue Trust Inc. grew its stake in Entegris by 221.3% during the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 239 shares during the last quarter. Fortitude Family Office LLC increased its holdings in shares of Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 274 shares during the period. Finally, Covestor Ltd raised its stake in shares of Entegris by 241.8% in the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 295 shares during the last quarter.

Entegris Stock Up 1.4 %

Shares of NASDAQ ENTG opened at $106.38 on Friday. Entegris has a 52-week low of $94.92 and a 52-week high of $147.57. The firm has a market capitalization of $16.06 billion, a price-to-earnings ratio of 70.45, a PEG ratio of 1.33 and a beta of 1.24. The stock has a 50 day moving average price of $103.49 and a 200 day moving average price of $110.70. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92.

Entegris (NASDAQ:ENTG) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. Entegris’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 earnings per share. Sell-side analysts expect that Entegris will post 2.95 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, January 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Entegris’s dividend payout ratio (DPR) is currently 26.49%.

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).