Entegris (NASDAQ:ENTG) Now Covered by CL King

CL King assumed coverage on shares of Entegris (NASDAQ:ENTG) in a research note released on Thursday, June 20th, BenzingaRatingsTable reports. The firm issued a buy rating and a $44.00 price objective on the semiconductor company’s stock.

A number of other research firms have also recently issued reports on ENTG. Deutsche Bank cut J B Hunt Transport Services from a buy rating to a sell rating and set a $98.51 price objective for the company. in a research report on Wednesday, April 17th. BidaskClub cut Wright Medical Group from a buy rating to a hold rating in a research report on Thursday, May 23rd. Berenberg Bank set a €126.00 ($146.51) price target on Nemetschek and gave the stock a neutral rating in a research report on Thursday, March 21st. Loop Capital reduced their price target on Entegris to $46.00 and set a buy rating for the company in a research report on Tuesday, April 9th. Finally, Seaport Global Securities cut Versum Materials from a buy rating to a neutral rating in a research report on Thursday, February 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Entegris presently has a consensus rating of Hold and an average target price of $44.00.

Shares of ENTG stock traded up $0.72 on Thursday, reaching $36.65. 1,212,418 shares of the company’s stock traded hands, compared to its average volume of 2,094,958. The company has a market capitalization of $4.97 billion, a P/E ratio of 19.39 and a beta of 1.40. Entegris has a 12-month low of $23.39 and a 12-month high of $42.01. The company has a quick ratio of 3.06, a current ratio of 4.34 and a debt-to-equity ratio of 0.93. The company has a 50 day moving average of $36.27.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $391.00 million during the quarter, compared to analysts’ expectations of $400.43 million. Entegris had a return on equity of 26.00% and a net margin of 13.71%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 earnings per share. On average, equities research analysts expect that Entegris will post 1.94 EPS for the current year.

In other news, Director Robert Nicholas Burns sold 3,600 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $41.04, for a total value of $147,744.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP William James Shaner sold 15,536 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $40.73, for a total value of $632,781.28. Following the completion of the transaction, the senior vice president now directly owns 21,062 shares in the company, valued at $857,855.26. The disclosure for this sale can be found here. Insiders have sold 62,894 shares of company stock worth $2,514,479 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

A number of large investors have recently bought and sold shares of ENTG. Icon Wealth Partners LLC acquired a new position in shares of Entegris in the 1st quarter valued at $27,000. Parallel Advisors LLC acquired a new position in shares of Entegris in the 1st quarter valued at $34,000. NumerixS Investment Technologies Inc acquired a new position in shares of Entegris in the 4th quarter valued at $36,000. Water Island Capital LLC acquired a new position in shares of Entegris in the 1st quarter valued at $36,000. Finally, FTB Advisors Inc. lifted its stake in shares of Entegris by 41.9% in the 1st quarter. FTB Advisors Inc. now owns 1,445 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 427 shares during the period.

Entegris Company Profile

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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Analyst Recommendations for Entegris (NASDAQ:ENTG)

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