Needham & Company LLC restated their buy rating on shares of Entegris (NASDAQ:ENTG) in a report released on Wednesday, MarketBeat Ratings reports. Needham & Company LLC currently has a $37.00 price target on the semiconductor company’s stock, up from their prior price target of $35.00.

ENTG has been the subject of several other reports. Zacks Investment Research downgraded shares of Entegris from a hold rating to a sell rating in a report on Thursday, January 11th. Loop Capital increased their target price on shares of Entegris from $35.00 to $40.00 and gave the stock a buy rating in a research note on Friday, October 27th. Dougherty & Co increased their target price on shares of Entegris from $33.00 to $36.00 and gave the stock a buy rating in a research note on Friday, October 27th. ValuEngine cut shares of Entegris from a buy rating to a hold rating in a research note on Thursday, November 30th. Finally, Citigroup increased their target price on shares of Entegris from $29.00 to $34.00 and gave the stock a neutral rating in a research note on Friday, October 27th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $32.86.

Entegris (ENTG) opened at $30.80 on Wednesday. The company has a market cap of $4,192.41, a P/E ratio of 52.20, a P/E/G ratio of 1.58 and a beta of 1.51. Entegris has a fifty-two week low of $20.50 and a fifty-two week high of $35.35. The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.40.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.91%. The ex-dividend date is Tuesday, January 30th. Entegris’s dividend payout ratio is presently 23.73%.

In other Entegris news, Director Paul L. H. Olson sold 3,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $30.21, for a total value of $90,630.00. Following the sale, the director now directly owns 45,364 shares in the company, valued at approximately $1,370,446.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael A. Bradley sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $30.00, for a total transaction of $150,000.00. Following the completion of the sale, the director now owns 65,557 shares in the company, valued at $1,966,710. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of ENTG. Wolverine Trading LLC raised its position in shares of Entegris by 149.6% during the 3rd quarter. Wolverine Trading LLC now owns 6,989 shares of the semiconductor company’s stock valued at $202,000 after buying an additional 21,089 shares in the last quarter. Reliance Trust Co. of Delaware purchased a new stake in shares of Entegris during the 3rd quarter valued at $208,000. CAPROCK Group Inc. purchased a new stake in shares of Entegris during the 4th quarter valued at $220,000. Barings LLC purchased a new stake in shares of Entegris during the 3rd quarter valued at $225,000. Finally, Welch & Forbes LLC purchased a new stake in shares of Entegris during the 3rd quarter valued at $236,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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About Entegris

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).

Analyst Recommendations for Entegris (NASDAQ:ENTG)

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