Entegris (NASDAQ:ENTG) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Entegris (NASDAQ:ENTG) from a sell rating to a hold rating in a report issued on Thursday morning.

A number of other research analysts also recently commented on ENTG. KeyCorp cut their target price on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Mizuho reduced their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Entegris in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Entegris has a consensus rating of “Moderate Buy” and an average target price of $124.88.

Entegris Trading Down 9.1 %

ENTG opened at $65.39 on Thursday. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The stock’s fifty day moving average is $98.67 and its two-hundred day moving average is $103.11. The company has a market capitalization of $9.89 billion, a P/E ratio of 33.88, a PEG ratio of 1.50 and a beta of 1.36. Entegris has a 52 week low of $61.27 and a 52 week high of $147.57.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. Analysts forecast that Entegris will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were paid a $0.10 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.61%. Entegris’s dividend payout ratio (DPR) is 20.73%.

Insiders Place Their Bets

In other news, SVP Olivier Blachier sold 984 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the transaction, the senior vice president now owns 10,903 shares in the company, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the transaction, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Entegris

Several institutional investors and hedge funds have recently made changes to their positions in ENTG. Corient Private Wealth LLC raised its stake in Entegris by 1.1% in the 4th quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company’s stock worth $1,175,000 after acquiring an additional 128 shares during the last quarter. Torray Investment Partners LLC increased its holdings in shares of Entegris by 0.9% in the fourth quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company’s stock valued at $1,512,000 after purchasing an additional 129 shares during the period. Metis Global Partners LLC increased its holdings in shares of Entegris by 7.1% in the fourth quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company’s stock valued at $203,000 after purchasing an additional 135 shares during the period. First Hawaiian Bank raised its stake in shares of Entegris by 0.9% in the first quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company’s stock worth $1,381,000 after purchasing an additional 143 shares during the last quarter. Finally, HighPoint Advisor Group LLC lifted its holdings in shares of Entegris by 4.3% during the fourth quarter. HighPoint Advisor Group LLC now owns 3,559 shares of the semiconductor company’s stock worth $376,000 after purchasing an additional 146 shares during the period.

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).