Entegris, Inc. (ENTG) Lowered to “Hold” at BidaskClub
BidaskClub lowered shares of Entegris, Inc. (NASDAQ:ENTG) from a buy rating to a hold rating in a research note released on Saturday morning.
Several other research firms have also commented on ENTG. Craig Hallum lowered shares of 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. Zacks Investment Research upgraded shares of Entegris from a hold rating to a strong-buy rating and set a $30.00 price objective for the company in a research note on Monday, July 31st. Deutsche Bank AG initiated coverage on shares of Entegris in a research note on Wednesday, July 5th. They set a hold rating and a $24.00 price objective for the company. Goldman Sachs Group, Inc. (The) upgraded shares of Entegris from a buy rating to a conviction-buy rating and set a $29.00 price objective for the company in a research note on Monday, May 22nd. Finally, Dougherty & Co boosted their price objective on shares of Entegris from $27.50 to $30.00 and gave the stock a buy rating in a research note on Friday, July 28th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Entegris presently has a consensus rating of Buy and a consensus target price of $27.50.
Entegris (NASDAQ ENTG) traded up 2.03% during midday trading on Friday, hitting $25.15. 613,824 shares of the stock were exchanged. The company has a market cap of $3.57 billion, a PE ratio of 29.90 and a beta of 1.47. Entegris has a 12 month low of $14.73 and a 12 month high of $27.20. The firm’s 50 day moving average price is $24.18 and its 200 day moving average price is $23.01.
Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm had revenue of $329 million during the quarter, compared to analyst estimates of $324.51 million. Entegris had a net margin of 9.63% and a return on equity of 17.04%. Entegris’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 EPS. On average, equities research analysts forecast that Entegris will post $1.28 earnings per share for the current fiscal year.
In other Entegris news, CFO Gregory B. Graves sold 19,712 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $26.21, for a total transaction of $516,651.52. Following the sale, the chief financial officer now owns 61,546 shares of the company’s stock, valued at approximately $1,613,120.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Gregory B. Graves sold 32,593 shares of the business’s stock in a transaction that occurred 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 sale, 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 have sold 79,268 shares of company stock worth $2,043,872. 1.70% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. Guggenheim Capital LLC increased its stake in Entegris by 273.2% in the fourth quarter. Guggenheim Capital LLC now owns 40,011 shares of the semiconductor company’s stock valued at $716,000 after buying an additional 29,291 shares in the last quarter. Norges Bank bought a new stake in Entegris during the fourth quarter valued at $20,982,000. Teachers Advisors LLC increased its stake in Entegris by 50.2% in the fourth quarter. Teachers Advisors LLC now owns 1,122,845 shares of the semiconductor company’s stock valued at $20,099,000 after buying an additional 375,065 shares in the last quarter. GW&K Investment Management LLC bought a new stake in Entegris during the first quarter valued at $241,000. Finally, Bank of Montreal Can increased its stake in Entegris by 48.6% in the first quarter. Bank of Montreal Can now owns 326,802 shares of the semiconductor company’s stock valued at $7,647,000 after buying an additional 106,885 shares in the last quarter. 98.18% of the stock is currently owned by institutional investors.
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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