Entegris Inc (NASDAQ:ENTG) – Investment analysts at KeyCorp upped their Q1 2018 earnings estimates for Entegris in a report released on Tuesday. KeyCorp analyst W. Twigg now forecasts that the semiconductor company will post earnings of $0.42 per share for the quarter, up from their prior forecast of $0.39. KeyCorp also issued estimates for Entegris’ Q2 2018 earnings at $0.45 EPS, Q3 2018 earnings at $0.45 EPS, Q4 2018 earnings at $0.47 EPS and FY2018 earnings at $1.79 EPS.

ENTG has been the subject of a number of other reports. Loop Capital raised their target price on Entegris from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research lowered Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Dougherty & Co raised their target price on Entegris from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, October 27th. ValuEngine lowered Entegris from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Finally, Citigroup raised their target price on Entegris from $29.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $32.86.

Shares of Entegris (NASDAQ ENTG) opened at $29.65 on Thursday. Entegris has a 12 month low of $19.60 and a 12 month high of $35.35. The firm has a market capitalization of $4,468.14, a price-to-earnings ratio of 50.25, a PEG ratio of 1.69 and a beta of 1.51. The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.40.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, January 31st will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.94%. Entegris’s payout ratio is 23.73%.

In related news, Director Michael A. Bradley sold 5,000 shares of Entegris 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 sale, the director now directly owns 65,557 shares in the company, valued at $1,966,710. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul L. H. Olson sold 3,000 shares of Entegris 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 sale, the director now owns 45,364 shares of the company’s stock, valued at $1,370,446.44. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in ENTG. FMR LLC increased its position in Entegris by 54.8% in the second quarter. FMR LLC now owns 3,904,882 shares of the semiconductor company’s stock worth $85,712,000 after purchasing an additional 1,381,882 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Entegris in the third quarter worth about $23,700,000. Vanguard Group Inc. increased its position in Entegris by 2.2% in the second quarter. Vanguard Group Inc. now owns 11,453,733 shares of the semiconductor company’s stock worth $251,409,000 after purchasing an additional 244,694 shares during the period. Victory Capital Management Inc. grew its position in shares of Entegris by 9.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,478,586 shares of the semiconductor company’s stock worth $71,507,000 after buying an additional 211,759 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Entegris by 19.9% during the 3rd quarter. Wells Fargo & Company MN now owns 1,170,846 shares of the semiconductor company’s stock worth $33,779,000 after buying an additional 194,301 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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About Entegris

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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