Entegris, Inc. (NASDAQ:ENTG) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday, July 31st. The brokerage currently has a $30.00 price target on the semiconductor company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 26.05% from the company’s current price.
According to Zacks, “Entegris is a leading provider of materials management solutions to the microelectronics industry including, in particular, the semiconductor manufacturing and disk manufacturing markets. The company’s materials management solutions for the semiconductor industry assure the integrity of materials as they are handled, stored, processed and transported throughout the semiconductor manufacturing process. These solutions enable customers to protect their investment in work-in-process and finished devices. “
Several other research analysts have also issued reports on ENTG. Stifel Nicolaus reiterated a “buy” rating and issued a $28.00 price target (up previously from $26.00) on shares of Entegris in a report on Thursday, July 13th. Dougherty & Co raised their target price on Entegris from $27.50 to $30.00 and gave the company a “buy” rating in a report on Friday, July 28th. BidaskClub upgraded Entegris from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Craig Hallum lowered 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, Deutsche Bank AG began coverage on Entegris in a report on Wednesday, July 5th. They issued a “hold” rating and a $24.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $27.50.
Entegris (NASDAQ:ENTG) traded up 1.49% during midday trading on Monday, reaching $23.80. The company’s stock had a trading volume of 567,451 shares. Entegris has a 52-week low of $14.73 and a 52-week high of $27.20. The firm has a market cap of $3.37 billion, a P/E ratio of 28.30 and a beta of 1.47. The firm has a 50 day moving average of $24.52 and a 200 day moving average of $23.46.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. The business had revenue of $329 million for 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 quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 earnings per share. Analysts anticipate that Entegris will post $1.28 earnings per share for the current fiscal year.
In other Entegris news, Director Robert Nicholas Burns sold 4,901 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $24.51, for a total value of $120,123.51. Following the completion of the sale, the director now directly owns 51,272 shares of the company’s stock, valued at $1,256,676.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul L. H. Olson sold 4,250 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $24.57, for a total value of $104,422.50. Following the completion of the sale, the director now directly owns 56,364 shares of the company’s stock, valued at $1,384,863.48. The disclosure for this sale can be found here. Insiders sold 81,620 shares of company stock valued at $2,104,267 over the last three months. Company insiders own 1.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in ENTG. Vanguard Group Inc. boosted its position in shares of 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 period. BlackRock Inc. boosted its position in shares of Entegris by 15.8% in the second quarter. BlackRock Inc. now owns 11,450,690 shares of the semiconductor company’s stock valued at $251,344,000 after buying an additional 1,564,866 shares during the period. FMR LLC boosted its position in shares of 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 period. Snyder Capital Management L P boosted its position in shares of Entegris by 8.6% in the first quarter. Snyder Capital Management L P now owns 3,397,019 shares of the semiconductor company’s stock valued at $79,490,000 after buying an additional 270,261 shares during the period. Finally, State Street Corp boosted its position in shares of Entegris by 5.7% in the second quarter. State Street Corp now owns 2,842,071 shares of the semiconductor company’s stock valued at $62,383,000 after buying an additional 152,890 shares during the period. Institutional investors own 97.16% of the company’s stock.
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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