Entegris (NASDAQ:ENTG) Upgraded at StockNews.com

StockNews.com upgraded shares of Entegris (NASDAQ:ENTG - Free Report) from a sell rating to a hold rating in a research note released on Wednesday morning.

Several other equities research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Entegris from $145.00 to $115.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Craig Hallum cut their price objective on shares of Entegris from $150.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Mizuho cut their price objective on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. BMO Capital Markets cut their price objective on shares of Entegris from $145.00 to $135.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. Finally, Citigroup cut their price objective on shares of Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $128.78.

Entegris Price Performance

Shares of NASDAQ:ENTG traded down $3.17 during midday trading on Wednesday, hitting $104.09. The company's stock had a trading volume of 2,379,834 shares, compared to its average volume of 2,299,614. The business's 50 day simple moving average is $103.14 and its 200 day simple moving average is $106.31. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The company has a market cap of $15.73 billion, a P/E ratio of 53.93, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24. Entegris has a 12-month low of $94.92 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. On average, analysts forecast that Entegris will post 3.51 EPS for the current year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris's payout ratio is currently 20.73%.

Insider Buying and Selling

In related news, SVP Clinton M. Haris sold 12,652 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the sale, the senior vice president now directly owns 34,820 shares of the company's stock, valued at $3,722,954.40. This represents a 26.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.67% of the stock is owned by insiders.

Institutional Investors Weigh In On Entegris

Large investors have recently added to or reduced their stakes in the business. Forum Financial Management LP acquired a new position in Entegris during the 4th quarter worth approximately $274,000. Toronto Dominion Bank grew its holdings in Entegris by 1.7% during the 4th quarter. Toronto Dominion Bank now owns 19,718 shares of the semiconductor company's stock worth $1,953,000 after acquiring an additional 326 shares in the last quarter. Neo Ivy Capital Management acquired a new position in Entegris during the 4th quarter worth approximately $34,000. GTS Securities LLC grew its holdings in Entegris by 93.9% during the 4th quarter. GTS Securities LLC now owns 20,671 shares of the semiconductor company's stock worth $2,048,000 after acquiring an additional 10,009 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Entegris by 21.4% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 125,707 shares of the semiconductor company's stock worth $12,453,000 after acquiring an additional 22,161 shares in the last quarter.

About Entegris

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).