Entegris (NASDAQ:ENTG) Raised to Outperform at Mizuho

Entegris (NASDAQ:ENTG) was upgraded by equities research analysts at Mizuho from a “neutral” rating to an “outperform” rating in a research note issued on Thursday, Marketbeat reports. The brokerage presently has a $143.00 price objective on the semiconductor company’s stock. Mizuho’s target price points to a potential upside of 20.89% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Needham & Company LLC reissued a “buy” rating and set a $150.00 price target on shares of Entegris in a research report on Monday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $160.00 price target on shares of Entegris in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $149.80.

Entegris Price Performance

Shares of NASDAQ ENTG opened at $118.29 on Thursday. The firm has a market cap of $17.84 billion, a PE ratio of 56.87, a PEG ratio of 1.40 and a beta of 1.25. The company has a current ratio of 3.35, a quick ratio of 2.02 and a debt-to-equity ratio of 1.22. Entegris has a 1-year low of $84.13 and a 1-year high of $147.57. The company has a fifty day moving average price of $133.36 and a 200 day moving average price of $131.88.

Entegris (NASDAQ:ENTG) last announced its earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The firm had revenue of $771.03 million during the quarter, compared to analyst estimates of $769.24 million. During the same period in the prior year, the business earned $0.65 EPS. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. Research analysts predict that Entegris will post 3.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Entegris

In other Entegris news, insider Daniel D. Woodland sold 15,000 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $145.00, for a total value of $2,175,000.00. Following the transaction, the insider now directly owns 37,457 shares of the company’s stock, valued at approximately $5,431,265. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Entegris news, insider Daniel D. Woodland sold 15,000 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $145.00, for a total value of $2,175,000.00. Following the transaction, the insider now directly owns 37,457 shares of the company’s stock, valued at approximately $5,431,265. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Bertrand Loy sold 27,044 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the completion of the transaction, the chief executive officer now directly owns 263,068 shares in the company, valued at $36,995,252.84. The disclosure for this sale can be found here. Insiders have sold a total of 70,796 shares of company stock valued at $9,870,921 in the last three months. 0.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ENTG. Innealta Capital LLC acquired a new position in shares of Entegris during the 2nd quarter worth approximately $26,000. Summit Securities Group LLC acquired a new stake in shares of Entegris during the 2nd quarter worth approximately $27,000. Trust Co. of Vermont acquired a new stake in shares of Entegris during the 4th quarter worth approximately $31,000. Opal Wealth Advisors LLC acquired a new stake in shares of Entegris during the 2nd quarter worth approximately $31,000. Finally, ORG Partners LLC acquired a new stake in shares of Entegris during the 1st quarter worth approximately $33,000.

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).