Entegris (NASDAQ:ENTG) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Entegris (NASDAQ:ENTG) from a hold rating to a strong-buy rating in a research note published on Thursday morning,Zacks reports.

Several other analysts have also recently issued reports on ENTG. UBS Group upped their target price on shares of Entegris from $205.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Deutsche Bank Aktiengesellschaft upgraded Entegris from a “hold” rating to a “buy” rating and upped their price objective for the company from $152.00 to $200.00 in a research report on Wednesday, August 12th. Weiss Ratings raised Entegris from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, October 30th. The Goldman Sachs Group lifted their target price on Entegris from $120.00 to $135.00 and gave the stock a “sell” rating in a report on Friday, October 30th. Finally, Wall Street Zen downgraded Entegris from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $187.17.

Entegris Price Performance

Shares of Entegris stock traded up $3.23 on Thursday, hitting $127.98. 4,659,347 shares of the company traded hands, compared to its average volume of 3,057,115. The stock has a market capitalization of $19.56 billion, a P/E ratio of 49.99, a price-to-earnings-growth ratio of 1.21 and a beta of 1.39. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.59 and a current ratio of 2.66. Entegris has a 52 week low of $67.97 and a 52 week high of $186.94. The business has a 50-day simple moving average of $146.15 and a 200 day simple moving average of $138.59.

Entegris (NASDAQ:ENTG) last issued its earnings results on Thursday, October 29th. The semiconductor company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $925.35 million. Entegris had a net margin of 11.14% and a return on equity of 13.86%. Entegris’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 earnings per share. Research analysts expect that Entegris will post 4.38 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Wednesday, October 28th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, October 28th. Entegris’s dividend payout ratio is presently 15.62%.

Insider Transactions at Entegris

In related news, SVP Joseph Colella sold 3,916 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $164.48, for a total transaction of $644,103.68. Following the completion of the transaction, the senior vice president owned 50,297 shares in the company, valued at $8,272,850.56. The trade was a 7.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Susan Rice sold 2,062 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $149.52, for a total value of $308,310.24. Following the completion of the transaction, the senior vice president directly owned 66,976 shares in the company, valued at $10,014,251.52. This trade represents a 2.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 7,978 shares of company stock worth $1,273,734. 0.53% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Entegris in the 2nd quarter valued at about $3,683,556,000. Primecap Management Co. CA purchased a new position in shares of Entegris during the second quarter worth approximately $562,141,000. Bank of America Corp DE bought a new stake in shares of Entegris during the second quarter valued at approximately $489,403,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Entegris during the second quarter valued at approximately $486,101,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Entegris in the second quarter valued at approximately $248,869,000.

Entegris Company Profile

Entegris, Inc supplies advanced materials and process solutions used in semiconductor manufacturing and other high-technology industries. Its products help customers control contamination and manage materials throughout complex manufacturing processes.

The company’s offerings include specialty chemicals and gases, filtration and purification systems, fluid and gas handling products, and wafer handling and storage solutions. Entegris also provides related services and technologies designed to support the production of semiconductor devices and other advanced products.

Entegris serves customers around the world, with operations and support across the Americas, Asia and Europe.