Entegris, Inc. (NASDAQ:ENTG) Receives $124.88 Average Target Price from Brokerages

Entegris, Inc. (NASDAQ:ENTG) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $124.88.

ENTG has been the subject of several analyst reports. Mizuho reduced their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Entegris in a research note on Friday, February 7th. StockNews.com upgraded Entegris from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, KeyCorp cut their price target on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, February 7th.

Entegris Trading Up 4.2 %

NASDAQ:ENTG opened at $98.37 on Monday. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The firm has a market capitalization of $14.87 billion, a price-to-earnings ratio of 50.97, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. Entegris has a one year low of $92.84 and a one year high of $147.57. The business has a fifty day moving average price of $102.34 and a 200-day moving average price of $105.13.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping 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%. Sell-side analysts forecast that Entegris will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Wednesday, January 29th. Entegris’s dividend payout ratio (DPR) is presently 20.73%.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Olivier Blachier sold 984 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the transaction, the senior vice president now owns 10,903 shares of the company’s stock, valued at $1,177,524. This represents a 8.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the 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 directly owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Siemens Fonds Invest GmbH bought a new position in shares of Entegris in the 4th quarter valued at about $3,351,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Entegris in the 4th quarter valued at about $12,140,000. Polar Asset Management Partners Inc. lifted its holdings in shares of Entegris by 192.0% in the 4th quarter. Polar Asset Management Partners Inc. now owns 153,900 shares of the semiconductor company’s stock valued at $15,245,000 after acquiring an additional 101,200 shares during the last quarter. Forum Financial Management LP bought a new position in shares of Entegris in the 4th quarter valued at about $274,000. Finally, Toronto Dominion Bank lifted its holdings in shares of Entegris by 1.7% in the 4th quarter. Toronto Dominion Bank now owns 19,718 shares of the semiconductor company’s stock valued at $1,953,000 after acquiring an additional 326 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).