A number of other analysts also recently weighed in on ENTG. Citigroup set a $45.00 target price on shares of Entegris and gave the company a hold rating in a research report on Friday, July 26th. ValuEngine raised shares of Entegris from a hold rating to a buy rating in a research report on Monday, July 22nd. CL King initiated coverage on shares of Entegris in a research report on Thursday, June 20th. They set a buy rating and a $44.00 target price for the company. Goldman Sachs Group raised shares of Entegris from a neutral rating to a buy rating and set a $44.00 target price for the company in a research report on Monday, June 10th. Finally, Zacks Investment Research downgraded shares of Entegris from a hold rating to a sell rating in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $44.50.
Shares of NASDAQ ENTG opened at $42.79 on Friday. The company has a 50 day simple moving average of $39.85 and a 200 day simple moving average of $37.50. The firm has a market cap of $5.59 billion, a PE ratio of 22.64 and a beta of 1.36. Entegris has a 1 year low of $23.39 and a 1 year high of $45.12. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.87 and a quick ratio of 3.66.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Tuesday, July 30th. This is an increase from Entegris’s previous quarterly dividend of $0.07. Entegris’s dividend payout ratio is currently 16.93%.
In other Entegris news, SVP William James Shaner sold 22,544 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $44.21, for a total transaction of $996,670.24. Following the completion of the sale, the senior vice president now owns 49,830 shares of the company’s stock, valued at approximately $2,202,984.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gregory B. Graves sold 25,974 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $45.00, for a total transaction of $1,168,830.00. Following the sale, the chief financial officer now directly owns 74,521 shares of the company’s stock, valued at approximately $3,353,445. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.
Several hedge funds have recently made changes to their positions in ENTG. Iridian Asset Management LLC CT acquired a new stake in shares of Entegris during the 2nd quarter worth approximately $116,933,000. Price T Rowe Associates Inc. MD grew its position in shares of Entegris by 17.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,388,545 shares of the semiconductor company’s stock worth $611,620,000 after buying an additional 2,391,166 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Entegris during the 2nd quarter worth approximately $37,003,000. Schroder Investment Management Group grew its position in shares of Entegris by 51.0% during the 2nd quarter. Schroder Investment Management Group now owns 2,467,783 shares of the semiconductor company’s stock worth $92,098,000 after buying an additional 833,811 shares during the period. Finally, TimesSquare Capital Management LLC grew its position in shares of Entegris by 32.9% during the 1st quarter. TimesSquare Capital Management LLC now owns 3,232,400 shares of the semiconductor company’s stock worth $115,364,000 after buying an additional 799,600 shares during the period.
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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