Entegris (NASDAQ:ENTG) Lifted to “Hold” at BidaskClub

Entegris (NASDAQ:ENTG) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, BidAskClub reports.

A number of other research analysts also recently commented on the stock. Loop Capital decreased their price objective on shares of Entegris to $46.00 and set a “buy” rating for the company in a research report on Tuesday, April 9th. Deutsche Bank lowered shares of J B Hunt Transport Services from a “buy” rating to a “sell” rating and set a $98.51 target price for the company. in a research report on Wednesday, April 17th. Citigroup restated a “buy” rating on shares of Healthequity in a research report on Friday, May 10th. Zacks Investment Research upgraded shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price objective for the company in a research report on Tuesday, June 25th. Finally, Goldman Sachs Group lowered shares of SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research report on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Entegris currently has an average rating of “Hold” and a consensus target price of $44.00.

NASDAQ ENTG traded up $0.02 during trading on Friday, hitting $38.05. The company’s stock had a trading volume of 727,652 shares, compared to its average volume of 1,758,958. The company has a current ratio of 4.34, a quick ratio of 3.06 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $5.05 billion, a P/E ratio of 20.13 and a beta of 1.40. The firm’s 50 day moving average is $36.59. Entegris has a fifty-two week low of $23.39 and a fifty-two week high of $42.01.



Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. Entegris had a return on equity of 26.00% and a net margin of 13.71%. The business had revenue of $391.00 million during the quarter, compared to the consensus estimate of $400.43 million. During the same quarter last year, the company earned $0.47 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts forecast that Entegris will post 1.94 earnings per share for the current fiscal year.

In other news, SVP Gregory Bryan Marshall sold 13,758 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $37.96, for a total value of $522,253.68. Following the transaction, the senior vice president now owns 12,435 shares of the company’s stock, valued at approximately $472,032.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP William James Shaner sold 15,536 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $40.73, for a total value of $632,781.28. Following the completion of the transaction, the senior vice president now directly owns 21,062 shares in the company, valued at approximately $857,855.26. The disclosure for this sale can be found here. Insiders have sold 62,894 shares of company stock worth $2,514,479 in the last three months. 1.50% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in ENTG. Icon Wealth Partners LLC purchased a new position in Entegris during the first quarter worth $27,000. Parallel Advisors LLC acquired a new position in Entegris in the first quarter valued at approximately $34,000. Water Island Capital LLC acquired a new position in Entegris in the first quarter valued at approximately $36,000. FTB Advisors Inc. boosted its stake in Entegris by 41.9% in the first quarter. FTB Advisors Inc. now owns 1,445 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 427 shares during the period. Finally, Rehmann Capital Advisory Group boosted its stake in Entegris by 21.3% in the first quarter. Rehmann Capital Advisory Group now owns 1,836 shares of the semiconductor company’s stock valued at $66,000 after acquiring an additional 322 shares during the period.

Entegris Company Profile

Entegris, Inc develops, manufactures, and supplies micro contamination 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).

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Analyst Recommendations for Entegris (NASDAQ:ENTG)

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