Entegris (NASDAQ:ENTG) Raised to “Hold” at StockNews.com

Entegris (NASDAQ:ENTG) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Other analysts have also recently issued research reports about the stock. Mizuho reduced their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and issued a $120.00 target price on shares of Entegris in a report on Friday, February 7th. Finally, KeyCorp dropped their target price on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $124.88.

Entegris Price Performance

Shares of NASDAQ ENTG traded down $0.89 during midday trading on Thursday, reaching $94.42. 1,441,305 shares of the company were exchanged, compared to its average volume of 1,902,745. The stock’s 50-day moving average price is $102.44 and its 200-day moving average price is $105.43. The stock has a market cap of $14.27 billion, a P/E ratio of 48.92, a PEG ratio of 1.50 and a beta of 1.32. Entegris has a one year low of $92.84 and a one year high of $147.57. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data 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, sell-side analysts anticipate that Entegris will post 3.51 earnings per share for the current fiscal year.

Insider Transactions at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at $1,177,524. The trade was a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was 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 approximately $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Synovus Financial Corp grew its position in shares of Entegris by 102.3% during the 3rd quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock valued at $4,305,000 after acquiring an additional 19,340 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Entegris by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company’s stock valued at $119,936,000 after acquiring an additional 14,650 shares during the period. Swedbank AB grew its position in shares of Entegris by 47.7% during the 4th quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock valued at $153,636,000 after acquiring an additional 500,581 shares during the period. Argent Capital Management LLC grew its position in shares of Entegris by 9.9% during the 4th quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company’s stock valued at $3,077,000 after acquiring an additional 2,793 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in shares of Entegris during the 3rd quarter valued at approximately $1,158,000.

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).