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 report published on Thursday.

ENTG has been the topic of a number of other research reports. Mizuho cut their price objective on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. KeyCorp lowered their price objective on Entegris from $150.00 to $141.00 and set an "overweight" rating for the company in a research note on Friday, February 7th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $124.88.

Entegris Trading Up 2.2 %

ENTG traded up $1.45 during trading on Thursday, hitting $66.84. 7,174,904 shares of the company's stock were exchanged, compared to its average volume of 2,185,918. The stock has a 50 day moving average price of $98.67 and a 200 day moving average price of $103.06. The firm has a market cap of $10.11 billion, a P/E ratio of 34.63, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. Entegris has a 1 year low of $60.50 and a 1 year high of $147.57. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08.

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

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Wednesday, January 29th. Entegris's payout ratio is presently 20.73%.

Insider Buying and Selling at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the completion of the transaction, the senior vice president now directly owns 10,903 shares in the company, valued at approximately $1,177,524. This represents a 8.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the sale, the senior vice president now owns 34,820 shares in the company, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

Institutional Trading of Entegris

A number of institutional investors and hedge funds have recently modified their holdings of ENTG. FMR LLC boosted its stake in Entegris by 130.9% in the third quarter. FMR LLC now owns 272,833 shares of the semiconductor company's stock valued at $30,702,000 after acquiring an additional 154,658 shares during the last quarter. Benjamin Edwards Inc. increased its position in Entegris by 33,412.5% in the third quarter. Benjamin Edwards Inc. now owns 2,681 shares of the semiconductor company's stock worth $302,000 after buying an additional 2,673 shares during the last quarter. Hilltop Holdings Inc. purchased a new stake in Entegris in the 3rd quarter worth about $250,000. Investment Management Corp of Ontario lifted its holdings in Entegris by 47.2% during the third quarter. Investment Management Corp of Ontario now owns 4,988 shares of the semiconductor company's stock valued at $561,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of Entegris in the third quarter worth about $5,930,000.

Entegris Company Profile

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).