Entegris (ENTG) Downgraded by BidaskClub to “Hold”

BidaskClub downgraded shares of Entegris (NASDAQ:ENTG) from a buy rating to a hold rating in a report released on Thursday, BidAskClub reports.

Other analysts also recently issued reports about the stock. Loop Capital decreased their target price on shares of Entegris to $46.00 and set a buy rating for the company in a research report on Tuesday, April 9th. ValuEngine downgraded shares of Entegris from a buy rating to a hold rating in a research report on Saturday, May 18th. Citigroup downgraded shares of Entegris from a buy rating to a neutral rating and boosted their target price for the stock from $40.00 to $42.00 in a research report on Friday, May 10th. Berenberg Bank began coverage on shares of Entegris in a research report on Thursday, March 21st. They issued a buy rating and a $43.00 target price for the company. Finally, Deutsche Bank boosted their target price on shares of Entegris from $40.00 to $45.00 and gave the stock a buy rating in a research report on Wednesday, April 17th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Entegris has a consensus rating of Buy and a consensus target price of $42.38.

Shares of ENTG opened at $34.91 on Thursday. Entegris has a 52 week low of $23.39 and a 52 week high of $42.01. The company has a market cap of $4.73 billion, a P/E ratio of 18.47 and a beta of 1.35. The company has a current ratio of 4.34, a quick ratio of 3.06 and a debt-to-equity ratio of 0.93.

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

The company 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 0.80%. The ex-dividend date of this dividend was Tuesday, April 30th. Entegris’s payout ratio is 14.81%.

In other news, CFO Gregory B. Graves sold 30,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 67,861 shares in the company, valued at $2,740,905.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Nicholas Burns sold 3,600 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $41.04, for a total transaction of $147,744.00. The disclosure for this sale can be found here. Insiders sold 74,470 shares of company stock valued at $2,965,480 over the last 90 days. 1.50% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in shares of Entegris by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 1,211,863 shares of the semiconductor company’s stock worth $33,805,000 after buying an additional 21,515 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Entegris by 3.5% in the third quarter. Vanguard Group Inc now owns 12,923,047 shares of the semiconductor company’s stock worth $374,123,000 after buying an additional 437,632 shares during the last quarter. Stanley Laman Group Ltd. acquired a new stake in shares of Entegris in the fourth quarter worth $805,000. Wedge Capital Management L L P NC acquired a new stake in shares of Entegris in the fourth quarter worth $16,095,000. Finally, Berman Capital Advisors LLC acquired a new stake in shares of Entegris in the fourth quarter worth $174,000.

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).

See Also: Cost of equity and a company’s balance sheet

Analyst Recommendations for Entegris (NASDAQ:ENTG)

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