Entegris (NASDAQ:ENTG) Earns “Buy” Rating from Needham & Company LLC

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

ENTG has been the subject of several other research reports. Wolfe Research initiated coverage on shares of Entegris in a report on Friday, March 1st. They issued an outperform rating and a $160.00 target price for the company. BMO Capital Markets upped their target price on shares of Entegris from $130.00 to $160.00 and gave the company an outperform rating in a report on Friday, February 16th. KeyCorp upped their target price on shares of Entegris from $136.00 to $164.00 and gave the company an overweight rating in a report on Thursday, February 15th. The Goldman Sachs Group upped their target price on shares of Entegris from $104.00 to $147.00 and gave the company a buy rating in a report on Thursday, February 15th. Finally, StockNews.com cut shares of Entegris from a hold rating to a sell rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $141.91.

Entegris Trading Up 4.1 %

NASDAQ ENTG opened at $131.80 on Wednesday. The company has a quick ratio of 2.67, a current ratio of 3.85 and a debt-to-equity ratio of 1.35. Entegris has a 52 week low of $72.96 and a 52 week high of $146.91. The stock has a market capitalization of $19.87 billion, a PE ratio of 63.37 and a beta of 1.31. The firm has a 50 day moving average of $135.29 and a two-hundred day moving average of $119.05.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.61 by $0.07. Entegris had a net margin of 9.31% and a return on equity of 11.99%. The company had revenue of $771.03 million during the quarter, compared to analysts’ expectations of $769.24 million. During the same quarter in the previous year, the business posted $0.65 EPS. The firm’s revenue was down 16.4% on a year-over-year basis. As a group, research analysts expect that Entegris will post 3.27 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.30%. Entegris’s dividend payout ratio is currently 19.23%.

Insider Activity at Entegris

In other news, CAO Michael Sauer sold 1,897 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the transaction, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at approximately $235,788.66. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Entegris news, insider Daniel D. Woodland sold 9,000 shares of the company’s stock in a transaction 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 sale, the insider now owns 32,730 shares of the company’s stock, valued at $4,565,835. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michael Sauer sold 1,897 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now directly owns 1,779 shares in the company, valued at approximately $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 90 days. Company insiders own 0.67% of the company’s stock.

Institutional Trading of Entegris

Several large investors have recently bought and sold shares of the company. Rehmann Capital Advisory Group grew its holdings in Entegris by 10.3% in the first quarter. Rehmann Capital Advisory Group now owns 2,762 shares of the semiconductor company’s stock valued at $388,000 after purchasing an additional 259 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in Entegris by 102.4% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,872 shares of the semiconductor company’s stock valued at $263,000 after purchasing an additional 947 shares during the last quarter. Nordea Investment Management AB grew its holdings in Entegris by 5.0% in the first quarter. Nordea Investment Management AB now owns 10,370 shares of the semiconductor company’s stock valued at $1,461,000 after purchasing an additional 492 shares during the last quarter. BNP Paribas acquired a new stake in Entegris in the first quarter valued at $1,647,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Entegris by 10.9% during the first quarter. Janney Montgomery Scott LLC now owns 8,798 shares of the semiconductor company’s stock valued at $1,236,000 after acquiring an additional 867 shares during the last quarter.

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).