Entegris, Inc. (NASDAQ:ENTG) Coverage Initiated at Deutsche Bank AG
Deutsche Bank AG assumed coverage on shares of Entegris, Inc. (NASDAQ:ENTG) in a research note issued to investors on Wednesday, July 5th, Marketbeat.com reports. The brokerage issued a hold rating and a $24.00 target price on the semiconductor company’s stock.
ENTG has been the subject of several other reports. Aegis initiated coverage on Entegris in a research report on Friday, March 17th. They set a buy rating and a $29.00 price objective for the company. BidaskClub cut Entegris from a buy rating to a hold rating in a report on Friday, June 23rd. Needham & Company LLC reaffirmed a positive rating and issued a $25.00 target price on shares of Entegris in a report on Tuesday, March 21st. Craig Hallum cut Entegris from a buy rating to a hold rating in a report on Friday, April 28th. They noted that the move was a valuation call. Finally, Citigroup Inc. increased their price target on Entegris from $21.00 to $24.00 and gave the company a neutral rating in a research note on Monday, March 20th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Entegris has a consensus rating of Buy and an average price target of $25.39.
Entegris (NASDAQ ENTG) traded up 1.87% during midday trading on Wednesday, hitting $24.55. The stock had a trading volume of 584,386 shares. The firm has a 50-day moving average price of $24.33 and a 200-day moving average price of $21.98. Entegris has a 1-year low of $14.53 and a 1-year high of $27.20. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 30.69 and a beta of 1.44.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. Entegris had a return on equity of 16.65% and a net margin of 9.26%. The business had revenue of $317.40 million during the quarter, compared to the consensus estimate of $304.62 million. During the same period in the prior year, the company earned $0.17 EPS. Entegris’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, equities research analysts anticipate that Entegris will post $1.16 earnings per share for the current year.
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In other Entegris news, COO Todd James Edlund sold 19,116 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $25.02, for a total value of $478,282.32. Following the transaction, the chief operating officer now owns 160,610 shares in the company, valued at $4,018,462.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Gregory Bryan Marshall sold 11,765 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $25.03, for a total value of $294,477.95. Following the completion of the transaction, the senior vice president now owns 15,241 shares in the company, valued at approximately $381,482.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,036 shares of company stock worth $1,301,229. 1.70% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in Entegris by 54.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,023,390 shares of the semiconductor company’s stock worth $18,319,000 after buying an additional 358,700 shares in the last quarter. State Street Corp raised its position in Entegris by 5.0% in the fourth quarter. State Street Corp now owns 2,585,246 shares of the semiconductor company’s stock worth $46,275,000 after buying an additional 122,922 shares in the last quarter. First Interstate Bank raised its position in Entegris by 0.7% in the first quarter. First Interstate Bank now owns 9,970 shares of the semiconductor company’s stock worth $233,000 after buying an additional 70 shares in the last quarter. Bank of America Corp DE raised its position in Entegris by 9.4% in the first quarter. Bank of America Corp DE now owns 1,153,415 shares of the semiconductor company’s stock worth $26,991,000 after buying an additional 99,247 shares in the last quarter. Finally, Bank of Montreal Can raised its position in Entegris by 48.6% in the first quarter. Bank of Montreal Can now owns 326,802 shares of the semiconductor company’s stock worth $7,647,000 after buying an additional 106,885 shares in the last quarter. Institutional investors own 97.65% of the company’s stock.
Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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