Brokerages Set Entegris (ENTG) Price Target at $37.27

Shares of Entegris (NASDAQ:ENTG) have been given an average recommendation of “Buy” by the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $37.27.

A number of equities research analysts have recently commented on the company. ValuEngine raised Entegris from a “hold” rating to a “buy” rating in a research report on Wednesday. Needham & Company LLC raised their price target on Entegris to $42.00 and gave the stock a “buy” rating in a research report on Thursday, March 22nd. Seaport Global Securities reaffirmed a “buy” rating and set a $40.00 price target on shares of Entegris in a research report on Wednesday, March 21st. Craig Hallum raised their price target on Entegris from $37.00 to $42.50 and gave the stock a “buy” rating in a research report on Wednesday, March 21st. Finally, KeyCorp raised their price target on Entegris from $37.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 21st.

In related news, COO Todd James Edlund sold 5,000 shares of Entegris stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $33.82, for a total value of $169,100.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Corey Rucci sold 5,732 shares of Entegris stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $36.43, for a total value of $208,816.76. The disclosure for this sale can be found here. In the last three months, insiders sold 335,754 shares of company stock worth $11,317,780. 1.20% of the stock is owned by insiders.



A number of institutional investors have recently made changes to their positions in the stock. Aperio Group LLC raised its position in Entegris by 7.5% in the 4th quarter. Aperio Group LLC now owns 35,024 shares of the semiconductor company’s stock valued at $1,066,000 after buying an additional 2,431 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Entegris by 50.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,016 shares of the semiconductor company’s stock valued at $244,000 after buying an additional 2,692 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in Entegris by 4.5% in the 4th quarter. UBS Asset Management Americas Inc. now owns 78,419 shares of the semiconductor company’s stock valued at $2,388,000 after buying an additional 3,393 shares during the last quarter. Teachers Advisors LLC raised its position in Entegris by 1.3% in the 4th quarter. Teachers Advisors LLC now owns 260,509 shares of the semiconductor company’s stock valued at $7,932,000 after buying an additional 3,435 shares during the last quarter. Finally, Sei Investments Co. raised its position in Entegris by 3.1% in the 4th quarter. Sei Investments Co. now owns 150,468 shares of the semiconductor company’s stock valued at $4,582,000 after buying an additional 4,497 shares during the last quarter. 96.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of ENTG opened at $36.80 on Wednesday. The company has a current ratio of 3.63, a quick ratio of 2.95 and a debt-to-equity ratio of 0.58. Entegris has a 1 year low of $21.77 and a 1 year high of $38.25. The stock has a market cap of $5,113.59, a price-to-earnings ratio of 25.56, a P/E/G ratio of 1.83 and a beta of 1.40.

Entegris (NASDAQ:ENTG) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. The firm had revenue of $350.56 million for the quarter, compared to analysts’ expectations of $340.68 million. Entegris had a return on equity of 20.95% and a net margin of 6.34%. equities analysts predict that Entegris will post 1.75 earnings per share for the current year.

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About Entegris

Entegris, Inc develops, manufactures, and supplies microcontamination 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).

Analyst Recommendations for Entegris (NASDAQ:ENTG)

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