Entegris (NASDAQ:ENTG) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Entegris (NASDAQ:ENTG) in a report published on Wednesday, Benzinga reports. The firm currently has a $150.00 target price on the semiconductor company’s stock.

Several other analysts also recently weighed in on ENTG. Craig Hallum upgraded Entegris from a hold rating to a buy rating and set a $150.00 target price for the company in a research note on Thursday, February 15th. StockNews.com downgraded Entegris from a hold rating to a sell rating in a research note on Thursday, February 22nd. UBS Group raised their target price on Entegris from $90.00 to $130.00 and gave the company a neutral rating in a research note on Thursday, February 15th. Wolfe Research started coverage on Entegris in a research note on Friday, March 1st. They set an outperform rating and a $160.00 target price for the company. Finally, Citigroup raised their target price on Entegris from $117.00 to $134.00 and gave the company a neutral rating in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Entegris presently has an average rating of Moderate Buy and an average price target of $141.64.

Entegris Stock Down 7.2 %

Shares of NASDAQ ENTG opened at $123.31 on Wednesday. Entegris has a 12-month low of $72.96 and a 12-month high of $146.91. The company has a market cap of $18.59 billion, a P/E ratio of 103.62 and a beta of 1.32. The company has a current ratio of 3.85, a quick ratio of 2.67 and a debt-to-equity ratio of 1.35. The stock has a fifty day moving average price of $135.68 and a 200 day moving average price of $118.96.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The firm had revenue of $812.30 million during the quarter, compared to the consensus estimate of $780.95 million. During the same period in the prior year, the firm earned $0.83 EPS. The firm’s quarterly revenue was down 14.1% compared to the same quarter last year. Research analysts anticipate that Entegris will post 3.27 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. Entegris’s dividend payout ratio is currently 33.61%.

Insider Buying and Selling at Entegris

In other Entegris news, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the transaction, the chief accounting officer now directly owns 1,779 shares in the company, valued at $235,788.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Entegris news, insider Daniel D. Woodland sold 9,000 shares of Entegris stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $139.50, for a total value of $1,255,500.00. Following the completion of the transaction, the insider now directly owns 32,730 shares in the company, valued at $4,565,835. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the transaction, the chief accounting officer now owns 1,779 shares of the company’s stock, valued at $235,788.66. The disclosure for this sale can be found here. Insiders sold a total of 41,082 shares of company stock worth $5,606,849 over the last ninety days. Company insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Entegris

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Legacy Financial Group LLC acquired a new position in shares of Entegris during the third quarter worth approximately $30,000. Trust Co. of Vermont acquired a new position in shares of Entegris during the fourth quarter worth approximately $31,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Entegris during the fourth quarter worth approximately $35,000. Quent Capital LLC boosted its position in shares of Entegris by 59.1% during the fourth quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock worth $44,000 after buying an additional 136 shares during the period. Finally, Arlington Trust Co LLC acquired a new position in shares of Entegris during the fourth quarter worth approximately $46,000.

About Entegris

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).