Entegris (NASDAQ:ENTG) Raised to Hold at StockNews.com

Entegris (NASDAQ:ENTG) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Other analysts have also issued reports about the company. UBS Group reduced their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. KeyCorp reduced their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. BMO Capital Markets reduced their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.78.

Entegris Price Performance

Shares of NASDAQ ENTG traded up $0.54 during mid-day trading on Wednesday, reaching $107.99. The company had a trading volume of 1,395,540 shares, compared to its average volume of 2,317,267. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. Entegris has a one year low of $94.92 and a one year high of $147.57. The firm has a market cap of $16.32 billion, a price-to-earnings ratio of 55.95, a PEG ratio of 1.50 and a beta of 1.24. The business’s 50-day simple moving average is $103.14 and its 200 day simple moving average is $106.31.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. On average, research analysts predict that Entegris will post 3.51 earnings per share for the current fiscal year.

Insider Transactions at Entegris

In other news, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the transaction, the senior vice president now directly owns 34,820 shares in the company, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Entegris

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP bought a new stake in Entegris in the fourth quarter worth approximately $28,000. Capital Performance Advisors LLP purchased a new position in shares of Entegris during the third quarter valued at approximately $29,000. Neo Ivy Capital Management purchased a new position in shares of Entegris during the fourth quarter valued at approximately $34,000. Blue Trust Inc. boosted its position in shares of Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 239 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its position in shares of Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 274 shares during the last quarter.

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).