Zacks Investment Research downgraded shares of Entegris, Inc. (NASDAQ:ENTG) from a buy rating to a hold rating in a report released on Wednesday, June 28th.
According to Zacks, “Entegris is a leading provider of materials management solutions to the microelectronics industry including, in particular, the semiconductor manufacturing and disk manufacturing markets. The company’s materials management solutions for the semiconductor industry assure the integrity of materials as they are handled, stored, processed and transported throughout the semiconductor manufacturing process. These solutions enable customers to protect their investment in work-in-process and finished devices. “
Several other analysts have also commented on the stock. Goldman Sachs Group, Inc. (The) upgraded shares of Entegris from a buy rating to a conviction-buy rating and set a $29.00 price target on the stock in a research report on Monday, May 22nd. BidaskClub lowered shares of Entegris from a buy rating to a hold rating in a research report on Friday, June 23rd. Citigroup Inc. raised their price target on shares of Entegris from $21.00 to $24.00 and gave the company a neutral rating in a research report on Monday, March 20th. Aegis initiated coverage on shares of Entegris in a research report on Friday, March 17th. They set a buy rating and a $29.00 price target on the stock. Finally, Craig Hallum lowered shares of Entegris from a buy rating to a hold rating in a research report on Friday, April 28th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Entegris currently has a consensus rating of Buy and a consensus target price of $26.38.
Entegris (ENTG) traded down 0.56% on Wednesday, reaching $26.45. The company had a trading volume of 1,015,015 shares. Entegris has a one year low of $14.73 and a one year high of $27.20. The company’s 50 day moving average is $24.13 and its 200-day moving average is $22.84. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 31.45 and a beta of 1.44.
Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.05. The company had revenue of $329 million for the quarter, compared to analyst estimates of $324.51 million. Entegris had a net margin of 9.63% and a return on equity of 17.36%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. On average, equities research analysts expect that Entegris will post $1.21 earnings per share for the current fiscal year.
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In other Entegris news, Director James P. Lederer sold 3,391 shares of Entegris stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $24.78, for a total transaction of $84,028.98. Following the transaction, the director now directly owns 9,735 shares of the company’s stock, valued at $241,233.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gregory B. Graves sold 19,712 shares of Entegris stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $26.21, for a total transaction of $516,651.52. Following the transaction, the chief financial officer now directly owns 61,546 shares in the company, valued at $1,613,120.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 110,149 shares of company stock worth $2,816,633. Insiders own 1.70% of the company’s stock.
A number of institutional investors have recently modified their holdings of ENTG. FNY Partners Fund LP purchased a new position in shares of Entegris during the first quarter worth approximately $154,000. Bessemer Group Inc. increased its position in shares of Entegris by 195.9% in the fourth quarter. Bessemer Group Inc. now owns 10,800 shares of the semiconductor company’s stock worth $193,000 after buying an additional 7,150 shares during the period. CIBC World Markets Inc. purchased a new position in shares of Entegris during the first quarter worth approximately $228,000. First Interstate Bank increased its position in shares of Entegris by 0.7% in the first quarter. First Interstate Bank now owns 9,970 shares of the semiconductor company’s stock worth $233,000 after buying an additional 70 shares during the period. Finally, GW&K Investment Management LLC bought a new stake in Entegris during the first quarter worth about $241,000. 98.00% of the stock is currently owned by institutional investors.
Entegris Company Profile
Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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