ValuEngine upgraded shares of Entegris (NASDAQ:ENTG) from a hold rating to a buy rating in a research note issued to investors on Thursday.

ENTG has been the topic of several other reports. Zacks Investment Research lowered Entegris from a hold rating to a sell rating in a research report on Thursday, January 11th. Needham & Company LLC reissued a buy rating and issued a $37.00 price objective (up from $35.00) on shares of Entegris in a research report on Wednesday, February 7th. Dougherty & Co raised their price objective on Entegris from $33.00 to $36.00 and gave the company a buy rating in a research report on Friday, October 27th. Craig Hallum raised Entegris from a hold rating to a buy rating in a research report on Tuesday, February 6th. Finally, Loop Capital reissued a buy rating and issued a $40.00 price objective on shares of Entegris in a research report on Friday, December 1st. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Entegris currently has a consensus rating of Buy and a consensus price target of $32.86.

Entegris (NASDAQ ENTG) opened at $30.80 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.14 and a quick ratio of 2.43. Entegris has a 52-week low of $20.50 and a 52-week high of $35.35. The company has a market capitalization of $4,355.03, a PE ratio of 52.20, a price-to-earnings-growth ratio of 1.64 and a beta of 1.51.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Tuesday, January 30th. Entegris’s payout ratio is 23.73%.

In other news, Director Paul L. H. Olson sold 3,000 shares of Entegris stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $30.21, for a total transaction of $90,630.00. Following the sale, the director now directly owns 45,364 shares of the company’s stock, valued at $1,370,446.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael A. Bradley sold 5,000 shares of Entegris stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $30.00, for a total value of $150,000.00. Following the sale, the director now directly owns 65,557 shares in the company, valued at $1,966,710. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in ENTG. FMR LLC increased its holdings in Entegris by 54.8% in the second quarter. FMR LLC now owns 3,904,882 shares of the semiconductor company’s stock valued at $85,712,000 after buying an additional 1,381,882 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Entegris in the third quarter valued at about $23,700,000. Vanguard Group Inc. increased its holdings in Entegris by 2.2% in the second quarter. Vanguard Group Inc. now owns 11,453,733 shares of the semiconductor company’s stock valued at $251,409,000 after buying an additional 244,694 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Entegris by 9.3% in the third quarter. Victory Capital Management Inc. now owns 2,478,586 shares of the semiconductor company’s stock valued at $71,507,000 after buying an additional 211,759 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Entegris by 19.9% in the third quarter. Wells Fargo & Company MN now owns 1,170,846 shares of the semiconductor company’s stock valued at $33,779,000 after buying an additional 194,301 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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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).

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Analyst Recommendations for Entegris (NASDAQ:ENTG)

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