Entegris Inc. (ENTG) Given Consensus Recommendation of “Buy” by Analysts
Entegris Inc. (NASDAQ:ENTG) has been assigned a consensus rating of “Buy” from the six ratings firms that are covering the firm. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $19.33.
Several analysts have recently weighed in on the company. Needham & Company LLC assumed coverage on Entegris in a report on Monday. They set a “hold” rating on the stock. Zacks Investment Research raised Entegris from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a report on Thursday, July 28th. Dougherty & Co raised Entegris from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Thursday, October 27th. Citigroup Inc. lifted their price objective on Entegris from $14.50 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, July 28th. Finally, Pacific Crest lifted their price objective on Entegris from $16.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, July 28th.
Shares of Entegris (NASDAQ:ENTG) traded down 0.407% on Monday, hitting $18.375. The stock had a trading volume of 168,642 shares. The firm has a 50 day moving average price of $16.70 and a 200-day moving average price of $15.72. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 29.213 and a beta of 1.43. Entegris has a 52 week low of $10.37 and a 52 week high of $18.55.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.24 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. The company had revenue of $296.70 million for the quarter, compared to the consensus estimate of $292.68 million. Entegris had a return on equity of 15.06% and a net margin of 7.82%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS. Analysts anticipate that Entegris will post $0.91 EPS for the current year.
In other Entegris news, major shareholder Gmt Capital Corp sold 61,900 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $17.40, for a total value of $1,077,060.00. Following the transaction, the insider now owns 14,052,510 shares of the company’s stock, valued at $244,513,674. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Stuart Tison sold 9,532 shares of the business’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $15.65, for a total value of $149,175.80. Following the completion of the transaction, the vice president now directly owns 101,385 shares in the company, valued at approximately $1,586,675.25. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of ENTG. Vanguard Group Inc. raised its position in Entegris by 2.2% in the second quarter. Vanguard Group Inc. now owns 10,152,476 shares of the company’s stock worth $146,906,000 after buying an additional 223,215 shares in the last quarter. Victory Capital Management Inc. raised its position in Entegris by 10.3% in the second quarter. Victory Capital Management Inc. now owns 5,528,588 shares of the company’s stock worth $79,999,000 after buying an additional 518,232 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Entegris by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 4,562,754 shares of the company’s stock worth $66,021,000 after buying an additional 241,594 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in Entegris by 21.7% in the second quarter. Silvercrest Asset Management Group LLC now owns 4,149,706 shares of the company’s stock worth $60,046,000 after buying an additional 740,223 shares in the last quarter. Finally, Northern Trust Corp raised its position in Entegris by 0.3% in the third quarter. Northern Trust Corp now owns 3,962,442 shares of the company’s stock worth $69,025,000 after buying an additional 11,332 shares in the last quarter. 97.35% of the stock is currently owned by institutional investors.
Entegris, Inc is a developer, manufacturer and supplier of materials and solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company designs, manufactures and markets its products through two segments: Critical Materials Handling and Electronic Materials.
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