Entegris, Inc. (NASDAQ:ENTG)‘s stock had its “outperform” rating reissued by research analysts at KeyCorp in a research report issued to clients and investors on Saturday. They currently have a $30.00 price objective on the semiconductor company’s stock. KeyCorp’s price objective would suggest a potential upside of 9.69% from the stock’s current price.

ENTG has been the subject of several other research reports. BidaskClub raised Entegris from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research raised Entegris from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research report on Monday, July 31st. Deutsche Bank AG started coverage on Entegris in a research report on Wednesday, July 5th. They set a “hold” rating and a $24.00 price objective for the company. Goldman Sachs Group, Inc. (The) raised Entegris from a “buy” rating to a “conviction-buy” rating and set a $29.00 price objective for the company in a research report on Monday, May 22nd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $29.00 price objective (up previously from $28.00) on shares of Entegris in a research report on Sunday, July 30th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $27.78.

Entegris (NASDAQ ENTG) opened at 27.35 on Friday. The company’s 50 day moving average is $25.28 and its 200-day moving average is $24.12. Entegris has a 52-week low of $14.73 and a 52-week high of $27.77. The firm has a market cap of $3.88 billion, a P/E ratio of 32.52 and a beta of 1.46.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $329.00 million during the quarter, compared to analyst estimates of $324.51 million. Entegris had a return on equity of 17.04% and a net margin of 9.63%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share. On average, equities analysts predict that Entegris will post $1.28 EPS for the current fiscal year.

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In other news, VP Corey Rucci sold 15,000 shares of Entegris stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $26.25, for a total value of $393,750.00. Following the completion of the transaction, the vice president now owns 25,964 shares of the company’s stock, valued at approximately $681,555. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Gregory B. Graves sold 4,908 shares of Entegris stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $26.00, for a total value of $127,608.00. Following the completion of the transaction, the chief financial officer now directly owns 65,554 shares of the company’s stock, valued at approximately $1,704,404. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,764 shares of company stock valued at $2,223,894. 1.70% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd raised its position in shares of Entegris by 38.8% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 31,216 shares of the semiconductor company’s stock worth $685,000 after purchasing an additional 8,718 shares during the last quarter. 1st Global Advisors Inc. raised its position in shares of Entegris by 0.6% in the 2nd quarter. 1st Global Advisors Inc. now owns 34,720 shares of the semiconductor company’s stock worth $762,000 after purchasing an additional 206 shares during the last quarter. Verition Fund Management LLC raised its position in shares of Entegris by 68.7% in the 2nd quarter. Verition Fund Management LLC now owns 16,412 shares of the semiconductor company’s stock worth $360,000 after purchasing an additional 6,682 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Entegris by 1.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 12,364 shares of the semiconductor company’s stock worth $271,000 after purchasing an additional 148 shares during the last quarter. Finally, Susquehanna International Group LLP raised its position in shares of Entegris by 448.5% in the 2nd quarter. Susquehanna International Group LLP now owns 183,657 shares of the semiconductor company’s stock worth $4,031,000 after purchasing an additional 150,171 shares during the last quarter. 95.08% of the stock is owned by hedge funds and other institutional investors.

About Entegris

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).

Analyst Recommendations for Entegris (NASDAQ:ENTG)

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