Entegris Inc (ENTG) Receives Average Rating of “Buy” from Brokerages
Entegris Inc (NASDAQ:ENTG) has been assigned an average rating of “Buy” from the twelve analysts that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $42.29.
Several analysts have issued reports on ENTG shares. BidaskClub raised Entegris from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 3rd. Loop Capital cut their price target on Entegris to $46.00 and set a “buy” rating for the company in a report on Tuesday, April 9th. Berenberg Bank started coverage on Entegris in a report on Thursday, March 21st. They set a “buy” rating and a $43.00 price target for the company. Seaport Global Securities lowered Entegris from a “buy” rating to a “neutral” rating in a report on Thursday, February 28th. Finally, ValuEngine raised Entegris from a “hold” rating to a “buy” rating in a report on Wednesday, February 27th.
In related news, SVP William James Shaner sold 15,536 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $40.73, for a total transaction of $632,781.28. Following the completion of the transaction, the senior vice president now directly owns 21,062 shares of the company’s stock, valued at $857,855.26. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Gregory B. Graves sold 30,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $40.39, for a total value of $1,211,700.00. Following the transaction, the chief financial officer now directly owns 67,861 shares of the company’s stock, valued at $2,740,905.79. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,470 shares of company stock valued at $2,965,480. Corporate insiders own 1.50% of the company’s stock.
NASDAQ:ENTG traded down $0.69 during mid-day trading on Thursday, hitting $35.24. 960,056 shares of the company traded hands, compared to its average volume of 1,811,310. Entegris has a one year low of $23.39 and a one year high of $42.01. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.06 and a current ratio of 4.34. The firm has a market capitalization of $4.92 billion, a PE ratio of 18.50 and a beta of 1.35.
Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.03. Entegris had a return on equity of 26.00% and a net margin of 13.71%. The business had revenue of $391.00 million during the quarter, compared to analyst estimates of $400.43 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. Entegris’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts forecast that Entegris will post 1.94 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Tuesday, April 30th. Entegris’s dividend payout ratio (DPR) is 14.81%.
Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).
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