Brokerages Set Entegris, Inc. (NASDAQ:ENTG) PT at $95.86

Shares of Entegris, Inc. (NASDAQ:ENTG) have been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $94.4286.

A number of research analysts have recently commented on ENTG shares. Wall Street Zen raised shares of Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Oppenheimer began coverage on Entegris in a research note on Thursday, September 4th. They set a “market perform” rating and a $95.00 price target on the stock. Zacks Research downgraded Entegris from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Entegris in a report on Monday. Finally, Mizuho lowered their price objective on Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th.

Entegris Stock Down 2.4%

NASDAQ ENTG opened at $87.76 on Wednesday. The stock has a market cap of $13.30 billion, a PE ratio of 46.43 and a beta of 1.32. The company has a quick ratio of 2.13, a current ratio of 3.44 and a debt-to-equity ratio of 0.99. Entegris has a fifty-two week low of $60.75 and a fifty-two week high of $112.36. The business has a 50 day moving average price of $86.01 and a two-hundred day moving average price of $84.62.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. The company had revenue of $512.84 million for the quarter. Entegris had a return on equity of 11.61% and a net margin of 8.95%. As a group, sell-side analysts predict that Entegris will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, October 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, October 29th. Entegris’s payout ratio is 21.16%.

Insider Buying and Selling at Entegris

In other news, SVP Olivier Blachier sold 488 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $77.43, for a total transaction of $37,785.84. Following the completion of the transaction, the senior vice president directly owned 14,124 shares of the company’s stock, valued at approximately $1,093,621.32. This trade represents a 3.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bertrand Loy sold 57,570 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $76.88, for a total transaction of $4,425,981.60. Following the completion of the sale, the insider directly owned 305,820 shares in the company, valued at approximately $23,511,441.60. The trade was a 15.84% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 63,643 shares of company stock worth $4,966,433. Corporate insiders own 0.61% of the company’s stock.

Institutional Trading of Entegris

A number of large investors have recently bought and sold shares of ENTG. Charles Schwab Investment Management Inc. lifted its holdings in shares of Entegris by 3.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,123,961 shares of the semiconductor company’s stock valued at $98,324,000 after acquiring an additional 33,148 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Entegris by 14.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 128,330 shares of the semiconductor company’s stock valued at $11,226,000 after purchasing an additional 15,900 shares during the last quarter. Invesco Ltd. grew its stake in Entegris by 30.3% during the first quarter. Invesco Ltd. now owns 347,315 shares of the semiconductor company’s stock worth $30,383,000 after buying an additional 80,734 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Entegris during the first quarter worth approximately $31,352,000. Finally, Public Sector Pension Investment Board bought a new position in shares of Entegris in the first quarter valued at approximately $700,000.

About Entegris

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).