Equities researchers at Needham & Company LLC initiated coverage on shares of Entegris Inc. (NASDAQ:ENTG) in a research report issued on Monday. The firm set a “hold” rating on the stock.

Other equities research analysts also recently issued reports about the stock. Craig Hallum reaffirmed a “buy” rating on shares of Entegris in a research note on Thursday, July 28th. Zacks Investment Research raised shares of Entegris from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Friday, October 28th. Dougherty & Co raised shares of Entegris from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Thursday, October 27th. Citigroup Inc. increased their price objective on shares of Entegris from $14.50 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, July 28th. Finally, Pacific Crest increased their price objective on shares of Entegris from $16.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, July 28th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Entegris has an average rating of “Buy” and an average price target of $19.00.

Analyst Recommendations for Entegris (NASDAQ:ENTG)

Shares of Entegris (NASDAQ:ENTG) opened at 18.25 on Monday. The stock’s 50 day moving average is $16.81 and its 200 day moving average is $15.84. Entegris has a 1-year low of $10.37 and a 1-year high of $18.65. The firm has a market capitalization of $2.58 billion, a P/E ratio of 29.01 and a beta of 1.43.

Entegris (NASDAQ:ENTG) last announced its earnings results on Wednesday, October 26th. The company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. Entegris had a net margin of 7.82% and a return on equity of 15.06%. The firm had revenue of $296.70 million for the quarter, compared to the consensus estimate of $292.68 million. During the same period in the prior year, the firm earned $0.23 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities analysts predict that Entegris will post $0.91 earnings per share for the current year.

In related news, major shareholder Gmt Capital Corp sold 61,900 shares of the stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $17.40, for a total transaction of $1,077,060.00. Following the completion of the sale, the insider now owns 14,052,510 shares in the company, valued at approximately $244,513,674. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Stuart Tison sold 9,532 shares of the stock in a transaction on Friday, November 4th. The stock was sold at an average price of $15.65, for a total transaction of $149,175.80. Following the sale, the vice president now owns 101,385 shares of the company’s stock, valued at approximately $1,586,675.25. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the company. Swiss National Bank boosted its stake in shares of Entegris by 9.4% in the second quarter. Swiss National Bank now owns 240,400 shares of the company’s stock worth $3,479,000 after buying an additional 20,600 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Entegris by 7.5% in the second quarter. Bank of New York Mellon Corp now owns 684,375 shares of the company’s stock worth $9,904,000 after buying an additional 47,586 shares in the last quarter. Moody Aldrich Partners LLC boosted its stake in shares of Entegris by 523.7% in the second quarter. Moody Aldrich Partners LLC now owns 132,405 shares of the company’s stock worth $1,916,000 after buying an additional 111,175 shares in the last quarter. Genesee Valley Trust Co. boosted its stake in shares of Entegris by 6.6% in the second quarter. Genesee Valley Trust Co. now owns 12,575 shares of the company’s stock worth $182,000 after buying an additional 780 shares in the last quarter. Finally, Strs Ohio boosted its stake in shares of Entegris by 40.0% in the second quarter. Strs Ohio now owns 9,100 shares of the company’s stock worth $131,000 after buying an additional 2,600 shares in the last quarter. Hedge funds and other institutional investors own 97.35% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Needham & Company LLC Initiates Coverage on Entegris Inc. (ENTG)” was posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this article on another site, it was illegally stolen and reposted in violation of international trademark and copyright laws. The legal version of this article can be accessed at https://www.thecerbatgem.com/2016/11/23/needham-company-llc-initiates-coverage-on-entegris-inc-entg.html.

Entegris Company Profile

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.

5 Day Chart for NASDAQ:ENTG

Receive News & Stock Ratings for Entegris Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris Inc. and related stocks with our FREE daily email newsletter.