Entegris (NASDAQ:ENTG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday, Zacks.com reports. The brokerage currently has a $53.00 target price on the semiconductor company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 14.73% from the company’s current price.
According to Zacks, “Entegris is a leading provider of materials management solutions to the microelectronics industry including, in particular, the semiconductor manufacturing and disk manufacturing markets. The company’s materials management solutions for the semiconductor industry assure the integrity of materials as they are handled, stored, processed and transported throughout the semiconductor manufacturing process. These solutions enable customers to protect their investment in work-in-process and finished devices. “
A number of other research firms have also recently weighed in on ENTG. ValuEngine cut Entegris from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Deutsche Bank lowered shares of Entegris from a “buy” rating to a “hold” rating in a report on Sunday, October 6th. They noted that the move was a valuation call. Loop Capital lifted their price target on shares of Entegris to $51.00 and gave the company a “market perform” rating in a report on Friday, October 4th. They noted that the move was a valuation call. BidaskClub upgraded shares of Entegris from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Finally, Craig Hallum increased their price objective on shares of Entegris from $48.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Entegris has a consensus rating of “Buy” and a consensus target price of $48.25.
Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, October 24th. The semiconductor company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.05. Entegris had a return on equity of 24.16% and a net margin of 17.77%. The company had revenue of $394.10 million for the quarter, compared to the consensus estimate of $392.09 million. During the same period in the previous year, the business earned $0.46 earnings per share. Entegris’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts expect that Entegris will post 1.93 earnings per share for the current fiscal year.
In related news, SVP Clinton M. Haris sold 14,480 shares of Entegris stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $48.27, for a total transaction of $698,949.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP William James Shaner sold 24,294 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $44.33, for a total value of $1,076,953.02. Following the completion of the transaction, the senior vice president now directly owns 25,536 shares in the company, valued at $1,132,010.88. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. bought a new position in shares of Entegris during the second quarter worth $43,000. Quest Capital Management Inc. ADV bought a new stake in Entegris in the 3rd quarter valued at $48,000. Shine Investment Advisory Services Inc. purchased a new stake in Entegris in the 2nd quarter worth $70,000. FNY Investment Advisers LLC purchased a new stake in Entegris in the 2nd quarter worth $80,000. Finally, Neo Ivy Capital Management bought a new position in shares of Entegris during the 2nd quarter valued at about $86,000. Hedge funds and other institutional investors own 99.10% of the company’s stock.
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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