Entegris (NASDAQ:ENTG) Downgraded to “Hold” at ValuEngine

ValuEngine lowered shares of Entegris (NASDAQ:ENTG) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, ValuEngine reports.

Several other research firms have also issued reports on ENTG. CL King started coverage on shares of Entegris in a research note on Thursday, June 20th. They set a buy rating and a $44.00 target price on the stock. Citigroup set a $45.00 target price on shares of Entegris and gave the stock a hold rating in a research note on Friday, July 26th. Goldman Sachs Group raised shares of Entegris from a neutral rating to a buy rating and set a $44.00 target price on the stock in a research note on Monday, June 10th. BidaskClub raised shares of Entegris from a buy rating to a strong-buy rating in a research note on Friday, August 16th. Finally, Zacks Investment Research lowered shares of Entegris from a hold rating to a sell rating in a research note on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $45.33.

Shares of ENTG stock traded up $0.75 during mid-day trading on Wednesday, hitting $47.62. 511,303 shares of the stock were exchanged, compared to its average volume of 909,300. The firm has a fifty day moving average of $44.74 and a 200 day moving average of $39.77. The company has a quick ratio of 3.66, a current ratio of 4.87 and a debt-to-equity ratio of 0.85. Entegris has a 52-week low of $23.39 and a 52-week high of $48.43. The company has a market cap of $6.34 billion, a PE ratio of 25.20 and a beta of 1.36.

Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, July 25th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Entegris had a return on equity of 24.13% and a net margin of 18.18%. The firm had revenue of $378.90 million for the quarter, compared to analysts’ expectations of $382.02 million. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s revenue was down 1.1% compared to the same quarter last year. Equities analysts predict that Entegris will post 1.91 EPS for the current year.

In related news, CFO Gregory B. Graves sold 25,974 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 74,521 shares in the company, valued at approximately $3,353,445. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP William James Shaner sold 24,294 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $44.33, for a total transaction of $1,076,953.02. Following the transaction, the senior vice president now owns 25,536 shares of the company’s stock, valued at approximately $1,132,010.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,812 shares of company stock valued at $3,242,453. Insiders own 1.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ENTG. Raymond James & Associates raised its position in shares of Entegris by 11.5% during the 1st quarter. Raymond James & Associates now owns 79,544 shares of the semiconductor company’s stock worth $2,839,000 after purchasing an additional 8,229 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Entegris by 11.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 19,638 shares of the semiconductor company’s stock worth $698,000 after purchasing an additional 2,055 shares during the last quarter. First Trust Advisors LP raised its position in shares of Entegris by 270.9% during the 1st quarter. First Trust Advisors LP now owns 150,164 shares of the semiconductor company’s stock worth $5,359,000 after purchasing an additional 109,678 shares during the last quarter. Swiss National Bank raised its position in shares of Entegris by 2.9% during the 1st quarter. Swiss National Bank now owns 257,600 shares of the semiconductor company’s stock worth $9,194,000 after purchasing an additional 7,200 shares during the last quarter. Finally, Sawtooth Solutions LLC acquired a new position in shares of Entegris during the 1st quarter worth about $241,000.

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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