Entegris, Inc. (NASDAQ:ENTG) Receives $130.60 Average Price Target from Brokerages

Entegris, Inc. (NASDAQ:ENTG) has earned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $128.78.

Several equities analysts have recently weighed in on the stock. Craig Hallum reduced their target price on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. BMO Capital Markets lowered their target price on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. UBS Group dropped their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Finally, KeyCorp dropped their target price on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th.

Insider Buying and Selling at Entegris

In other news, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was 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 of the company’s stock, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV grew its stake in shares of Entegris by 32.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,837 shares of the semiconductor company’s stock worth $974,000 after purchasing an additional 2,394 shares during the last quarter. Parvin Asset Management LLC bought a new stake in shares of Entegris in the fourth quarter worth about $69,000. Rehmann Capital Advisory Group grew its stake in shares of Entegris by 8.3% in the fourth quarter. Rehmann Capital Advisory Group now owns 2,768 shares of the semiconductor company’s stock worth $274,000 after purchasing an additional 213 shares during the last quarter. Comerica Bank grew its stake in shares of Entegris by 3.8% in the fourth quarter. Comerica Bank now owns 16,323 shares of the semiconductor company’s stock worth $1,617,000 after purchasing an additional 597 shares during the last quarter. Finally, Gallo Partners LP purchased a new stake in Entegris in the fourth quarter worth about $2,337,000.

Entegris Stock Performance

NASDAQ ENTG opened at $107.12 on Thursday. Entegris has a 52-week low of $94.92 and a 52-week high of $147.57. The company has a 50-day simple moving average of $103.20 and a 200 day simple moving average of $106.36. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. The company has a market capitalization of $16.18 billion, a PE ratio of 55.50, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) 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 13.00%. On average, research analysts predict that Entegris will post 3.63 EPS for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be given a $0.10 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Entegris’s dividend payout ratio (DPR) is presently 20.73%.

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).