Entegris (NASDAQ:ENTG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “Entegris is a leading provider of materials management solutions to the microelectronics industry including, in particular, the semiconductor manufacturing and disk manufacturing markets. The company’s materials management solutions for the semiconductor industry assure the integrity of materials as they are handled, stored, processed and transported throughout the semiconductor manufacturing process. These solutions enable customers to protect their investment in work-in-process and finished devices. “

A number of other research firms have also issued reports on ENTG. Needham & Company LLC reiterated a “buy” rating and set a $37.00 price objective (up from $35.00) on shares of Entegris in a research note on Wednesday. Dougherty & Co boosted their price objective on Entegris from $36.00 to $37.50 and gave the company a “buy” rating in a research note on Wednesday. Loop Capital upped their target price on Entegris from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Citigroup upped their target price on Entegris from $29.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Finally, ValuEngine upgraded Entegris from a “hold” rating to a “buy” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $32.86.

Entegris (NASDAQ:ENTG) traded down $1.95 during trading hours on Thursday, hitting $29.65. The company had a trading volume of 1,406,263 shares, compared to its average volume of 1,051,236. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.43 and a current ratio of 3.14. Entegris has a 12 month low of $19.60 and a 12 month high of $35.35. The company has a market cap of $4,616.60, a price-to-earnings ratio of 50.25, a price-to-earnings-growth ratio of 1.84 and a beta of 1.51.

In other news, Director Paul L. H. Olson sold 3,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $30.21, for a total value of $90,630.00. Following the completion of the transaction, the director now directly owns 45,364 shares in the company, valued at approximately $1,370,446.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael A. Bradley sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $30.00, for a total value of $150,000.00. Following the completion of the transaction, the director now owns 65,557 shares of the company’s stock, valued at $1,966,710. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of ENTG. Wolverine Trading LLC boosted its holdings in shares of Entegris by 149.6% in the 3rd quarter. Wolverine Trading LLC now owns 6,989 shares of the semiconductor company’s stock worth $202,000 after purchasing an additional 21,089 shares in the last quarter. Reliance Trust Co. of Delaware purchased a new position in shares of Entegris in the 3rd quarter worth about $208,000. CAPROCK Group Inc. purchased a new position in shares of Entegris in the 4th quarter worth about $220,000. Barings LLC purchased a new position in shares of Entegris in the 3rd quarter worth about $225,000. Finally, Welch & Forbes LLC purchased a new position in shares of Entegris in the 3rd quarter worth about $236,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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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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Analyst Recommendations for Entegris (NASDAQ:ENTG)

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