Entegris (NASDAQ:ENTG) Downgraded by Zacks Research to “Hold”

Zacks Research downgraded shares of Entegris (NASDAQ:ENTG) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday,Zacks reports.

ENTG has been the topic of several other reports. Stifel Nicolaus assumed coverage on shares of Entegris in a report on Wednesday. They issued a “buy” rating and a $200.00 price target on the stock. Freedom Capital upgraded Entegris to a “strong-buy” rating in a report on Monday, August 3rd. UBS Group increased their target price on Entegris from $205.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Wall Street Zen downgraded shares of Entegris from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Mizuho boosted their price target on Entegris from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $173.80.

Entegris Trading Down 2.5%

Entegris stock opened at $162.19 on Wednesday. The stock has a 50-day simple moving average of $145.60 and a 200 day simple moving average of $142.16. The stock has a market capitalization of $24.73 billion, a P/E ratio of 81.50, a PEG ratio of 1.53 and a beta of 1.40. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.85 and a current ratio of 3.05. Entegris has a 52 week low of $67.97 and a 52 week high of $186.94.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Tuesday, August 4th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. Entegris had a return on equity of 12.25% and a net margin of 9.18%.The firm had revenue of $883.20 million for the quarter, compared to analyst estimates of $835.79 million. During the same quarter in the prior year, the company earned $0.66 earnings per share. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. Analysts expect that Entegris will post 3.92 earnings per share for the current year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th were given a $0.10 dividend. The ex-dividend date was Wednesday, July 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Entegris’s payout ratio is presently 20.10%.

Insider Transactions at Entegris

In related news, SVP Susan Rice sold 2,062 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $149.52, for a total transaction of $308,310.24. Following the sale, the senior vice president owned 66,976 shares in the company, valued at approximately $10,014,251.52. This trade represents a 2.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Olivier Blachier sold 2,000 shares of Entegris stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $160.66, for a total transaction of $321,320.00. Following the completion of the transaction, the insider directly owned 34,997 shares in the company, valued at $5,622,618.02. This trade represents a 5.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 7,978 shares of company stock valued at $1,273,734. Company insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ancora Advisors LLC bought a new position in shares of Entegris in the second quarter worth about $31,000. Transamerica Financial Advisors LLC bought a new stake in shares of Entegris during the 2nd quarter valued at approximately $32,000. Millstone Evans Group LLC grew its holdings in shares of Entegris by 191.3% during the 1st quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 176 shares during the last quarter. First Horizon Corp increased its position in Entegris by 147.1% during the 1st quarter. First Horizon Corp now owns 299 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 178 shares in the last quarter. Finally, Burkett Financial Services LLC lifted its stake in Entegris by 436.9% in the 3rd quarter. Burkett Financial Services LLC now owns 349 shares of the semiconductor company’s stock valued at $54,000 after purchasing an additional 284 shares during the last quarter.

About Entegris

Entegris, Inc is a global supplier of advanced materials and process solutions used in the semiconductor and other high-technology industries. The company helps manufacturers protect, purify, transport and process the highly sensitive materials used to produce integrated circuits, memory devices and other electronic components.

Its products and services include specialty chemicals and gases, liquid and gas filtration systems, wafer-handling and wafer-shipping products, contamination-control solutions, chemical-mechanical planarization materials, deposition materials and solutions for semiconductor packaging.