Entegris (NASDAQ:ENTG) Rating Lowered to Sell at BidaskClub

Entegris (NASDAQ:ENTG) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday, BidAskClub reports.

Other analysts have also issued reports about the stock. Zacks Investment Research raised shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price objective on the stock in a research report on Tuesday, June 25th. ValuEngine lowered shares of Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday. Berenberg Bank set a €126.00 ($146.51) target price on shares of Nemetschek and gave the stock a “neutral” rating in a research report on Thursday, March 21st. CL King initiated coverage on shares of Entegris in a research report on Thursday, June 20th. They set a “buy” rating and a $44.00 target price on the stock. Finally, Goldman Sachs Group lowered shares of SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research report on Monday, June 10th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $44.00.

Entegris stock traded down $0.14 during midday trading on Tuesday, reaching $35.93. The stock had a trading volume of 1,647,900 shares, compared to its average volume of 1,789,917. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.06 and a current ratio of 4.34. Entegris has a 52-week low of $23.39 and a 52-week high of $42.01. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 19.01 and a beta of 1.40. The stock has a fifty day simple moving average of $36.24.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $0.50 earnings per share for the quarter, topping 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 company had revenue of $391.00 million for the quarter, compared to analyst estimates of $400.43 million. During the same period in the prior year, the company posted $0.47 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts forecast that Entegris will post 1.94 EPS for the current fiscal year.

In related news, CFO Gregory B. Graves sold 30,000 shares of Entegris stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $40.39, for a total transaction 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Gregory Bryan Marshall sold 13,758 shares of Entegris stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $37.96, for a total transaction of $522,253.68. Following the transaction, the senior vice president now directly owns 12,435 shares in the company, valued at $472,032.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,894 shares of company stock worth $2,514,479. Corporate insiders own 1.50% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. increased its holdings in Entegris by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 1,211,863 shares of the semiconductor company’s stock valued at $33,805,000 after buying an additional 21,515 shares during the period. Vanguard Group Inc increased its holdings in Entegris by 3.5% during the third quarter. Vanguard Group Inc now owns 12,923,047 shares of the semiconductor company’s stock valued at $374,123,000 after buying an additional 437,632 shares during the period. Comerica Bank increased its holdings in Entegris by 19.5% during the first quarter. Comerica Bank now owns 160,965 shares of the semiconductor company’s stock valued at $6,336,000 after buying an additional 26,230 shares during the period. Sawtooth Solutions LLC purchased a new position in Entegris during the first quarter valued at approximately $241,000. Finally, Commerce Bank purchased a new position in Entegris during the first quarter valued at approximately $513,000.

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).

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Analyst Recommendations for Entegris (NASDAQ:ENTG)

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