Analysts Set Entegris, Inc. (NASDAQ:ENTG) Target Price at $27.50
Entegris, Inc. (NASDAQ:ENTG) has been assigned an average recommendation of “Buy” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $27.50.
ENTG has been the topic of several research reports. Goldman Sachs Group, Inc. (The) upgraded Entegris from a “buy” rating to a “conviction-buy” rating and set a $29.00 price target on the stock in a report on Monday, May 22nd. BidaskClub cut Entegris from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Deutsche Bank AG assumed coverage on Entegris in a research note on Wednesday, July 5th. They issued a “hold” rating and a $24.00 price objective on the stock. Craig Hallum lowered Entegris from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. They noted that the move was a valuation call. Finally, Dougherty & Co lifted their price objective on Entegris from $26.50 to $27.50 and gave the stock a “buy” rating in a research note on Friday, April 28th.
Entegris (ENTG) traded up 2.130% on Friday, reaching $25.175. 247,158 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $24.18 and its 200 day moving average is $23.01. Entegris has a 52 week low of $14.73 and a 52 week high of $27.20. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 29.935 and a beta of 1.47.
Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.05. The company had revenue of $329 million for the quarter, compared to analysts’ expectations of $324.51 million. Entegris had a return on equity of 17.04% and a net margin of 9.63%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 earnings per share. On average, equities analysts anticipate that Entegris will post $1.28 earnings per share for the current year.
In other Entegris news, Director Daniel W. Christman sold 3,408 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $23.51, for a total value of $80,122.08. Following the transaction, the director now directly owns 81,689 shares of the company’s stock, valued at $1,920,508.39. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James P. Lederer sold 3,391 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $24.78, for a total value of $84,028.98. Following the completion of the transaction, the director now directly owns 9,735 shares in the company, valued at $241,233.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,268 shares of company stock worth $2,043,872. Insiders own 1.70% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. FNY Partners Fund LP acquired a new position in shares of Entegris during the first quarter valued at about $154,000. CIBC World Markets Inc. acquired a new position in shares of Entegris during the first quarter valued at about $228,000. First Interstate Bank raised its position in shares of Entegris by 0.7% in the first quarter. First Interstate Bank now owns 9,970 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 70 shares during the period. GW&K Investment Management LLC acquired a new position in shares of Entegris during the first quarter valued at about $241,000. Finally, Teacher Retirement System of Texas raised its position in shares of Entegris by 0.5% in the second quarter. Teacher Retirement System of Texas now owns 11,271 shares of the semiconductor company’s stock valued at $247,000 after buying an additional 53 shares during the period. 98.18% of the stock is currently owned by hedge funds and other institutional investors.
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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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