Entegris, Inc. (NASDAQ:ENTG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Entegris, Inc. (NASDAQ:ENTG – Get Rating) have been given an average rating of “Moderate Buy” by the twelve analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $111.00.

Several research analysts have recently issued reports on ENTG shares. StockNews.com began coverage on Entegris in a research note on Wednesday, October 12th. They issued a “sell” rating for the company. The Goldman Sachs Group cut their price objective on shares of Entegris from $104.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, November 4th. KeyCorp decreased their target price on shares of Entegris from $132.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, November 3rd. Citigroup cut their price target on Entegris from $145.00 to $92.00 and set a “buy” rating on the stock in a research report on Friday, November 4th. Finally, Credit Suisse Group began coverage on Entegris in a report on Thursday, October 6th. They issued an “outperform” rating and a $108.00 price objective for the company.

Entegris Stock Down 1.2 %

ENTG stock opened at $74.87 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 2.64 and a debt-to-equity ratio of 1.81. Entegris has a 52 week low of $61.75 and a 52 week high of $154.52. The stock has a market capitalization of $11.16 billion, a PE ratio of 37.06 and a beta of 1.20. The firm has a 50 day moving average of $76.82 and a 200 day moving average of $91.76.

Entegris (NASDAQ:ENTG – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The semiconductor company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.13). The company had revenue of $993.83 million for the quarter, compared to analysts’ expectations of $1.01 billion. Entegris had a net margin of 9.08% and a return on equity of 25.30%. Sell-side analysts forecast that Entegris will post 3.7 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 2nd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Tuesday, November 1st. Entegris’s payout ratio is 19.80%.

Institutional Investors Weigh In On Entegris

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. lifted its holdings in Entegris by 4.4% during the third quarter. B. Riley Wealth Advisors Inc. now owns 4,320 shares of the semiconductor company’s stock valued at $360,000 after purchasing an additional 182 shares in the last quarter. California State Teachers Retirement System lifted its stake in Entegris by 8.0% in the 3rd quarter. California State Teachers Retirement System now owns 243,214 shares of the semiconductor company’s stock valued at $20,192,000 after buying an additional 18,001 shares in the last quarter. National Pension Service boosted its holdings in Entegris by 11.1% in the 3rd quarter. National Pension Service now owns 242,790 shares of the semiconductor company’s stock worth $21,329,000 after buying an additional 24,190 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Entegris by 5.5% during the third quarter. M&T Bank Corp now owns 51,779 shares of the semiconductor company’s stock valued at $4,299,000 after acquiring an additional 2,705 shares during the last quarter. Finally, Glenmede Trust Co. NA purchased a new position in shares of Entegris in the third quarter valued at approximately $292,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Entegris Company Profile

(Get Rating)

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: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Entegris, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Entegris wasn’t on the list.

While Entegris currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here