Entegris, Inc. (NASDAQ:ENTG) Receives $109.89 Average Target Price from Analysts

Entegris, Inc. (NASDAQ:ENTG) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $106.89.

Several equities research analysts have commented on ENTG shares. Mizuho increased their price objective on shares of Entegris from $90.00 to $98.00 and gave the company an “outperform” rating in a research note on Tuesday. Citigroup decreased their price objective on shares of Entegris from $125.00 to $102.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Entegris in a research note on Tuesday, May 20th. KeyCorp decreased their price objective on shares of Entegris from $117.00 to $112.00 and set an “overweight” rating for the company in a research note on Monday. Finally, The Goldman Sachs Group started coverage on shares of Entegris in a research note on Thursday, July 10th. They issued a “neutral” rating and a $85.00 price objective for the company.

Entegris Trading Up 1.4%

ENTG opened at $87.47 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.26 and a quick ratio of 1.95. Entegris has a fifty-two week low of $60.75 and a fifty-two week high of $147.40. The firm has a market capitalization of $13.24 billion, a PE ratio of 42.88, a P/E/G ratio of 1.93 and a beta of 1.27. The company’s 50-day moving average is $78.66 and its 200 day moving average is $88.06.

Entegris (NASDAQ:ENTG) last posted its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). Entegris had a return on equity of 12.48% and a net margin of 9.57%. The business had revenue of $773.20 million during the quarter, compared to analyst estimates of $790.75 million. During the same quarter in the prior year, the company earned $0.68 EPS. The company’s revenue was up .3% on a year-over-year basis. As a group, research analysts predict that Entegris will post 3.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ENTG. Costello Asset Management INC bought a new position in Entegris in the 1st quarter worth approximately $26,000. Rise Advisors LLC bought a new position in Entegris in the 1st quarter worth approximately $26,000. Central Pacific Bank Trust Division boosted its holdings in Entegris by 125.7% in the 1st quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company’s stock worth $27,000 after buying an additional 171 shares during the period. Quarry LP bought a new position in Entegris in the 4th quarter worth approximately $28,000. Finally, Neo Ivy Capital Management bought a new position in Entegris in the 4th quarter worth approximately $34,000.

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).