Brokerages Set Entegris, Inc. (NASDAQ:ENTG) PT at $95.86

Entegris, Inc. (NASDAQ:ENTG) has been given a consensus recommendation of “Hold” by the nine ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $95.8571.

A number of equities analysts have issued reports on ENTG shares. Weiss Ratings restated a “hold (c-)” rating on shares of Entegris in a report on Monday, December 1st. Mizuho decreased their price objective on shares of Entegris from $108.00 to $96.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Oppenheimer assumed coverage on shares of Entegris in a research note on Thursday, September 4th. They issued a “market perform” rating and a $95.00 target price for the company. Zacks Research cut shares of Entegris from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. Finally, Wall Street Zen raised shares of Entegris from a “sell” rating to a “hold” rating in a report on Friday, October 3rd.

Entegris Price Performance

Shares of ENTG stock opened at $92.55 on Wednesday. The firm’s 50 day moving average price is $86.30 and its two-hundred day moving average price is $84.21. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.13 and a current ratio of 3.44. Entegris has a 52-week low of $60.75 and a 52-week high of $112.36. The stock has a market cap of $14.03 billion, a PE ratio of 48.97 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share for the quarter. Entegris had a return on equity of 11.61% and a net margin of 8.95%.The company had revenue of $512.84 million for the quarter. As a group, analysts forecast that Entegris will post 3.51 EPS for the current year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, October 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, October 29th. Entegris’s payout ratio is presently 21.16%.

Insiders Place Their Bets

In other news, SVP Joseph Colella sold 3,577 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $88.41, for a total transaction of $316,242.57. Following the sale, the senior vice president owned 34,364 shares of the company’s stock, valued at $3,038,121.24. This trade represents a 9.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bertrand Loy sold 57,570 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $76.88, for a total value of $4,425,981.60. Following the completion of the transaction, the insider owned 305,820 shares of the company’s stock, valued at $23,511,441.60. This represents a 15.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 63,643 shares of company stock worth $4,966,433. 0.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On Entegris

Large investors have recently made changes to their positions in the stock. Alpine Bank Wealth Management lifted its position in Entegris by 73.7% in the 2nd quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 132 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Entegris in the 2nd quarter valued at about $25,000. Ameriflex Group Inc. acquired a new stake in shares of Entegris in the 3rd quarter valued at about $25,000. Rise Advisors LLC bought a new stake in shares of Entegris in the first quarter valued at about $26,000. Finally, ORG Wealth Partners LLC boosted its position in shares of Entegris by 862.1% during the third quarter. ORG Wealth Partners LLC now owns 279 shares of the semiconductor company’s stock worth $26,000 after buying an additional 250 shares during the period.

Entegris Company Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).