BidaskClub lowered shares of Entegris (NASDAQ:ENTG) from a strong-buy rating to a buy rating in a report issued on Tuesday morning, BidAskClub reports.

Several other equities analysts have also commented on ENTG. Zacks Investment Research lowered shares of Entegris from a hold rating to a sell rating in a report on Thursday, January 17th. Loop Capital set a $51.00 target price on shares of Entegris and gave the company a buy rating in a report on Tuesday, January 29th. ValuEngine raised shares of Entegris from a hold rating to a buy rating in a report on Wednesday, February 27th. Seaport Global Securities lowered shares of Entegris from a buy rating to a neutral rating in a report on Thursday, February 28th. Finally, Berenberg Bank initiated coverage on shares of Entegris in a report on Thursday, March 21st. They set a buy rating and a $43.00 target price on the stock. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $42.38.

Shares of NASDAQ:ENTG opened at $37.04 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.06 and a current ratio of 4.34. Entegris has a one year low of $23.39 and a one year high of $42.01. The firm has a market capitalization of $5.19 billion, a PE ratio of 19.60 and a beta of 1.35.

Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, April 25th. The semiconductor company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.03. Entegris had a net margin of 13.71% and a return on equity of 26.00%. The company had revenue of $391.00 million for the quarter, compared to analyst estimates of $400.43 million. During the same quarter last year, the firm earned $0.47 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts expect that Entegris will post 1.94 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.28 annualized dividend and a yield of 0.76%. Entegris’s payout ratio is currently 14.81%.

In other Entegris news, CFO Gregory B. Graves sold 37,167 shares of the stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $34.24, for a total transaction of $1,272,598.08. Following the completion of the sale, the chief financial officer now owns 67,126 shares of the company’s stock, valued at approximately $2,298,394.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Gregory B. Graves sold 30,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $40.39, for a total transaction of $1,211,700.00. Following the sale, the chief financial officer now directly owns 67,861 shares of the company’s stock, valued at approximately $2,740,905.79. The disclosure for this sale can be found here. Insiders have sold a total of 148,402 shares of company stock valued at $5,533,590 in the last three months. 1.50% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc boosted its position in Entegris by 3.5% during the 3rd quarter. Vanguard Group Inc now owns 12,923,047 shares of the semiconductor company’s stock valued at $374,123,000 after buying an additional 437,632 shares during the period. Wellington Management Group LLP boosted its position in Entegris by 5.9% during the 1st quarter. Wellington Management Group LLP now owns 7,211,401 shares of the semiconductor company’s stock valued at $257,375,000 after buying an additional 402,449 shares during the period. FMR LLC boosted its position in Entegris by 10.3% during the 1st quarter. FMR LLC now owns 6,330,016 shares of the semiconductor company’s stock valued at $225,918,000 after buying an additional 589,776 shares during the period. Shapiro Capital Management LLC boosted its position in Entegris by 8.3% during the 4th quarter. Shapiro Capital Management LLC now owns 4,688,696 shares of the semiconductor company’s stock valued at $130,791,000 after buying an additional 360,416 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Entegris by 21.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,343,491 shares of the semiconductor company’s stock valued at $119,329,000 after buying an additional 582,242 shares during the period.

About Entegris

Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

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Analyst Recommendations for Entegris (NASDAQ:ENTG)

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