Entegris, Inc. (NASDAQ:ENTG) Stock Rating Upgraded by BidaskClub
Entegris, Inc. (NASDAQ:ENTG) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Monday.
Several other equities analysts have also weighed in on ENTG. Dougherty & Co raised their price objective on shares of Entegris from $26.50 to $27.50 and gave the company a “buy” rating in a research report on Friday, April 28th. Craig Hallum lowered shares of Entegris from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) raised shares of Entegris from a “buy” rating to a “conviction-buy” rating and set a $29.00 price target on the stock in a research report on Monday, May 22nd. Zacks Investment Research lowered shares of Entegris from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Deutsche Bank AG initiated coverage on shares of Entegris in a research report on Wednesday, July 5th. They issued a “hold” rating and a $24.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $25.39.
Entegris (NASDAQ:ENTG) traded down 0.19% during midday trading on Monday, hitting $25.80. 759,576 shares of the stock traded hands. Entegris has a 1-year low of $14.56 and a 1-year high of $27.20. The company has a 50-day moving average price of $24.14 and a 200-day moving average price of $22.53. The firm has a market cap of $3.66 billion, a P/E ratio of 32.25 and a beta of 1.44.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm had revenue of $317.40 million for the quarter, compared to analyst estimates of $304.62 million. Entegris had a net margin of 9.26% and a return on equity of 16.65%. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 earnings per share. Analysts predict that Entegris will post $1.16 EPS for the current year.
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In related news, CFO Gregory B. Graves sold 4,908 shares of the business’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $26.00, for a total transaction of $127,608.00. Following the transaction, the chief financial officer now owns 65,554 shares of the company’s stock, valued at $1,704,404. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gregory B. Graves sold 32,593 shares of the business’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $26.01, for a total transaction of $847,743.93. Following the transaction, the chief financial officer now directly owns 65,554 shares in the company, valued at approximately $1,705,059.54. The disclosure for this sale can be found here. In the last three months, insiders sold 89,537 shares of company stock worth $2,276,581. Insiders own 1.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Strs Ohio raised its position in shares of Entegris by 40.8% in the first quarter. Strs Ohio now owns 17,600 shares of the semiconductor company’s stock worth $411,000 after buying an additional 5,100 shares during the period. Sawgrass Asset Management LLC bought a new position in shares of Entegris during the first quarter worth about $310,000. Meritage Portfolio Management bought a new position in shares of Entegris during the first quarter worth about $5,643,000. Acadian Asset Management LLC raised its position in shares of Entegris by 22,295.1% in the first quarter. Acadian Asset Management LLC now owns 73,680 shares of the semiconductor company’s stock worth $1,723,000 after buying an additional 73,351 shares during the period. Finally, Glaxis Capital Management LLC acquired a new stake in Entegris during the first quarter worth $1,237,000. 98.00% of the stock is currently owned by institutional investors and hedge funds.
Entegris Company Profile
Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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