Analysts Set Entegris, Inc. (NASDAQ:ENTG) Price Target at $130.60

Shares of Entegris, Inc. (NASDAQ:ENTG) have earned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $128.78.

Several research firms recently commented on ENTG. BMO Capital Markets cut their target price on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Mizuho cut their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. UBS Group cut their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $120.00 price target on shares of Entegris in a research note on Friday, February 7th.

Insider Buying and Selling at Entegris

In other news, SVP Clinton M. Haris sold 12,652 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the transaction, the senior vice president now owns 34,820 shares in the company, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.67% of the company’s stock.

Institutional Trading of Entegris

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENTG. Quarry LP acquired a new stake in Entegris in the fourth quarter valued at approximately $28,000. Capital Performance Advisors LLP bought a new position in shares of Entegris in the 3rd quarter worth $29,000. Blue Trust Inc. grew its position in Entegris by 221.3% in the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 239 shares during the period. Fortitude Family Office LLC increased its stake in Entegris by 195.7% during the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 274 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Entegris during the fourth quarter worth $42,000.

Entegris Stock Down 1.6 %

Shares of ENTG opened at $107.12 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. Entegris has a 52 week low of $94.92 and a 52 week high of $147.57. The stock has a market capitalization of $16.18 billion, a price-to-earnings ratio of 55.50, a PEG ratio of 1.49 and a beta of 1.24. The stock has a fifty day moving average of $103.13 and a 200-day moving average of $106.26.

Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 13.00% and a net margin of 9.03%. As a group, sell-side analysts anticipate that Entegris will post 3.63 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Entegris’s payout ratio is currently 20.73%.

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).