Entegris (NASDAQ:ENTG) Lifted to Buy at Citigroup

Citigroup upgraded shares of Entegris (NASDAQ:ENTG) from a neutral rating to a buy rating in a research note released on Monday morning, Marketbeat Ratings reports. The firm currently has $130.00 price objective on the semiconductor company’s stock, up from their prior price objective of $119.00.

Several other equities analysts have also issued reports on the company. Needham & Company LLC reissued a buy rating and set a $150.00 target price on shares of Entegris in a research note on Thursday, August 1st. Mizuho raised Entegris from a neutral rating to an outperform rating and set a $143.00 target price on the stock in a research note on Thursday, August 1st. BMO Capital Markets decreased their target price on Entegris from $160.00 to $145.00 and set an outperform rating on the stock in a research note on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Entegris from $160.00 to $145.00 and set a buy rating on the stock in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $146.40.

Entegris Stock Performance

NASDAQ ENTG opened at $115.36 on Monday. The stock has a market cap of $17.40 billion, a PE ratio of 55.46, a P/E/G ratio of 1.49 and a beta of 1.24. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. Entegris has a twelve month low of $84.13 and a twelve month high of $147.57. The stock has a fifty day simple moving average of $116.25 and a 200-day simple moving average of $128.00.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The business had revenue of $812.60 million during the quarter, compared to analysts’ expectations of $802.43 million. During the same period in the prior year, the business posted $0.66 EPS. The company’s revenue was down 9.8% compared to the same quarter last year. Equities analysts anticipate that Entegris will post 3.14 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. Entegris’s payout ratio is currently 19.23%.

Insider Buying and Selling

In related news, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $145.00, for a total transaction of $2,175,000.00. Following the transaction, the insider now owns 37,457 shares in the company, valued at approximately $5,431,265. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Bertrand Loy sold 27,044 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the transaction, the chief executive officer now owns 263,068 shares in the company, valued at approximately $36,995,252.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $145.00, for a total value of $2,175,000.00. Following the transaction, the insider now owns 37,457 shares in the company, valued at approximately $5,431,265. The disclosure for this sale can be found here. Insiders have sold 57,044 shares of company stock worth $8,078,198 in the last quarter. 0.67% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new position in shares of Entegris in the 2nd quarter valued at approximately $1,416,000. Cetera Investment Advisers grew its stake in shares of Entegris by 2.2% in the 2nd quarter. Cetera Investment Advisers now owns 20,842 shares of the semiconductor company’s stock valued at $2,822,000 after purchasing an additional 455 shares during the last quarter. Quarry LP purchased a new position in shares of Entegris in the 2nd quarter valued at approximately $27,000. Mackenzie Financial Corp grew its stake in shares of Entegris by 2.8% in the 2nd quarter. Mackenzie Financial Corp now owns 7,265 shares of the semiconductor company’s stock valued at $984,000 after purchasing an additional 197 shares during the last quarter. Finally, MBB Public Markets I LLC purchased a new position in shares of Entegris in the 2nd quarter valued at approximately $1,452,000.

Entegris Company Profile

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).