Entegris (NASDAQ:ENTG) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Entegris (NASDAQ:ENTG) from a buy rating to a hold rating in a report released on Monday morning, Zacks.com reports.

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. “

Several other research firms also recently issued reports on ENTG. Loop Capital increased their target price on Entegris to $51.00 and gave the stock a market perform rating in a research report on Friday, October 4th. They noted that the move was a valuation call. BidaskClub upgraded Entegris from a buy rating to a strong-buy rating in a research report on Friday, August 16th. Deutsche Bank lowered Entegris from a buy rating to a hold rating in a research note on Sunday, October 6th. They noted that the move was a valuation call. Craig Hallum boosted their price objective on Entegris from $48.00 to $56.00 and gave the company a buy rating in a research note on Friday, October 25th. Finally, Citigroup set a $50.00 price objective on Entegris and gave the stock a hold rating in a report on Friday, October 25th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Entegris has a consensus rating of Buy and a consensus price target of $48.25.

ENTG opened at $46.79 on Monday. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 24.76 and a beta of 1.31. The company has a quick ratio of 2.79, a current ratio of 4.15 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average price of $47.79 and a 200-day moving average price of $42.83. Entegris has a twelve month low of $24.43 and a twelve month high of $50.15.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, October 24th. The semiconductor company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. Entegris had a net margin of 17.77% and a return on equity of 24.16%. The company had revenue of $394.10 million for the quarter, compared to analyst estimates of $392.09 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, sell-side analysts expect that Entegris will post 1.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Tuesday, October 29th. Entegris’s dividend payout ratio (DPR) is presently 16.93%.

In related news, SVP Clinton M. Haris sold 14,480 shares of Entegris stock in a transaction on Friday, November 1st. The shares were sold at an average price of $48.27, for a total value of $698,949.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. bought a new position in Entegris during the 2nd quarter worth approximately $43,000. Quest Capital Management Inc. ADV purchased a new stake in Entegris in the 3rd quarter worth approximately $48,000. Neo Ivy Capital Management purchased a new stake in Entegris in the 2nd quarter worth approximately $86,000. Flinton Capital Management LLC purchased a new stake in Entegris in the 2nd quarter worth approximately $103,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Entegris in the 3rd quarter worth approximately $112,000. Hedge funds and other institutional investors own 99.19% of the company’s stock.

About Entegris

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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