Entegris (NASDAQ:ENTG) Upgraded at Freedom Capital

Entegris (NASDAQ:ENTG) was upgraded by analysts at Freedom Capital to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other research analysts also recently weighed in on the stock. BMO Capital Markets increased their target price on shares of Entegris from $153.00 to $167.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft upped their price objective on Entegris from $145.00 to $155.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Wall Street Zen raised Entegris from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. Weiss Ratings raised Entegris from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Finally, Needham & Company LLC boosted their target price on Entegris from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.22.

Entegris Stock Performance

NASDAQ ENTG opened at $125.20 on Monday. Entegris has a 52-week low of $67.97 and a 52-week high of $186.94. The company has a 50-day simple moving average of $144.45 and a 200 day simple moving average of $133.86. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.05 and a current ratio of 3.21. The company has a market capitalization of $19.09 billion, a PE ratio of 72.37, a price-to-earnings-growth ratio of 1.39 and a beta of 1.35.

Insider Buying and Selling

In related news, SVP Olivier Blachier sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $140.04, for a total value of $280,080.00. Following the completion of the transaction, the senior vice president directly owned 34,897 shares of the company’s stock, valued at approximately $4,886,975.88. This trade represents a 5.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James P. Lederer sold 3,569 shares of Entegris stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $143.59, for a total transaction of $512,472.71. Following the completion of the transaction, the director owned 18,277 shares of the company’s stock, valued at $2,624,394.43. This represents a 16.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 44,466 shares of company stock worth $6,186,624 in the last 90 days. 0.53% of the stock is currently owned by company insiders.

Institutional Trading of Entegris

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. purchased a new position in Entegris during the 2nd quarter valued at about $11,549,000. Handelsbanken Fonder AB boosted its position in shares of Entegris by 8.6% in the second quarter. Handelsbanken Fonder AB now owns 49,326 shares of the semiconductor company’s stock valued at $8,872,000 after acquiring an additional 3,900 shares during the period. Fulcrum Equity Management purchased a new position in Entegris during the second quarter valued at approximately $208,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Entegris during the 2nd quarter worth approximately $293,000. Finally, Fulton Bank N.A. lifted its stake in Entegris by 23.9% in the 2nd quarter. Fulton Bank N.A. now owns 10,326 shares of the semiconductor company’s stock worth $1,857,000 after purchasing an additional 1,995 shares in the last quarter.

Entegris Company Profile

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.