Zacks Research Upgrades Entegris (NASDAQ:ENTG) to Strong-Buy

by · The Cerbat Gem

Entegris (NASDAQ:ENTG – Get Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday, Zacks reports.

Several other research analysts have also recently commented on ENTG. Stifel Nicolaus assumed coverage on Entegris in a research report on Wednesday, October 7th. They set a “buy” rating and a $200.00 price target for the company. Needham & Company LLC boosted their price objective on shares of Entegris from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Wall Street Zen lowered shares of Entegris from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. UBS Group upped their price target on shares of Entegris from $205.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Finally, Deutsche Bank Aktiengesellschaft raised Entegris from a “hold” rating to a “buy” rating and lifted their price target for the stock from $152.00 to $200.00 in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $187.17.

Check Out Our Latest Analysis on Entegris

Entegris Trading Up 2.6%

NASDAQ:ENTG opened at $127.98 on Thursday. Entegris has a 52 week low of $67.97 and a 52 week high of $186.94. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.59 and a current ratio of 2.66. The firm has a 50-day moving average price of $146.15 and a two-hundred day moving average price of $138.59. The firm has a market cap of $19.56 billion, a price-to-earnings ratio of 49.99, a price-to-earnings-growth ratio of 1.21 and a beta of 1.39.

Entegris (NASDAQ:ENTG – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The semiconductor company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $925.35 million. Entegris had a net margin of 11.14% and a return on equity of 13.86%. The business’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share. On average, equities analysts expect that Entegris will post 4.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Entegris news, insider Olivier Blachier sold 2,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $160.66, for a total value of $321,320.00. Following the transaction, the insider owned 34,997 shares of the company’s stock, valued at approximately $5,622,618.02. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Susan G. Rice sold 2,062 shares of Entegris stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $149.52, for a total transaction of $308,310.24. Following the sale, the senior vice president owned 66,976 shares in the company, valued at approximately $10,014,251.52. This represents a 2.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 7,978 shares of company stock worth $1,273,734. Company insiders own 0.53% of the company’s stock.

Hedge Funds Weigh In On Entegris

Several institutional investors have recently made changes to their positions in ENTG. BlackRock Inc. purchased a new position in shares of Entegris during the 2nd quarter worth $3,683,556,000. Primecap Management Co. CA bought a new stake in Entegris in the second quarter worth about $562,141,000. Bank of America Corp DE bought a new stake in shares of Entegris during the second quarter valued at approximately $489,403,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Entegris during the 2nd quarter valued at approximately $486,101,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Entegris in the 2nd quarter valued at $248,869,000.

Entegris Company Profile

(Get Free Report)

Entegris, Inc is a materials science and process technology company that supplies products and solutions used in the manufacture of semiconductors and other advanced technology products. Its offerings help chipmakers manage contamination, handle sensitive materials, and improve process control across the semiconductor production cycle.

The company’s products include specialty chemicals and gases, filtration and purification systems, wafer and substrate handling products, fluid-management components, and advanced materials used in semiconductor fabrication.

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