Entegris (NASDAQ:ENTG) Lifted to Outperform at Mizuho

Mizuho upgraded shares of Entegris (NASDAQ:ENTG) from a neutral rating to an outperform rating in a research note issued to investors on Thursday morning, Marketbeat reports. Mizuho currently has $143.00 price objective on the semiconductor company’s stock.

Several other equities research analysts also recently issued reports on ENTG. Needham & Company LLC restated a buy rating and set a $150.00 target price on shares of Entegris in a research report on Monday, May 13th. Deutsche Bank Aktiengesellschaft reissued a buy rating and set a $160.00 price objective on shares of Entegris in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $146.80.

Entegris Trading Down 7.0 %

Shares of ENTG opened at $102.14 on Thursday. Entegris has a fifty-two week low of $84.13 and a fifty-two week high of $147.57. The business has a 50-day moving average of $132.39 and a 200 day moving average of $131.93. The firm has a market cap of $15.42 billion, a P/E ratio of 49.11, a price-to-earnings-growth ratio of 1.27 and a beta of 1.25. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.02 and a current ratio of 3.58.

Entegris (NASDAQ:ENTG) last posted its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.01. The firm had revenue of $812.60 million during the quarter, compared to the consensus estimate of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The company’s revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the company earned $0.66 earnings per share. As a group, research analysts forecast that Entegris will post 3.22 EPS for the current year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. Entegris’s dividend payout ratio is currently 19.23%.

Insider Activity at Entegris

In other Entegris news, SVP Olivier Blachier sold 1,986 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total value of $265,806.24. Following the completion of the sale, the senior vice president now owns 12,356 shares in the company, valued at approximately $1,653,727.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, SVP Olivier Blachier sold 1,986 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the completion of the transaction, the senior vice president now owns 12,356 shares in the company, valued at $1,653,727.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Daniel D. Woodland sold 15,000 shares of Entegris stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $145.00, for a total transaction of $2,175,000.00. Following the completion of the sale, the insider now owns 37,457 shares in the company, valued at approximately $5,431,265. The disclosure for this sale can be found here. Insiders have sold a total of 70,796 shares of company stock worth $9,870,921 in the last 90 days. Company insiders own 0.67% of the company’s stock.

Institutional Trading of Entegris

Several institutional investors and hedge funds have recently bought and sold shares of ENTG. Raymond James & Associates raised its position in shares of Entegris by 1.6% in the 4th quarter. Raymond James & Associates now owns 110,314 shares of the semiconductor company’s stock worth $13,218,000 after acquiring an additional 1,723 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Entegris by 1.0% during the fourth quarter. Arizona State Retirement System now owns 41,256 shares of the semiconductor company’s stock valued at $4,943,000 after purchasing an additional 418 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Entegris in the fourth quarter worth $16,080,000. Fulton Bank N.A. raised its holdings in Entegris by 8.4% in the fourth quarter. Fulton Bank N.A. now owns 10,380 shares of the semiconductor company’s stock worth $1,244,000 after purchasing an additional 801 shares in the last quarter. Finally, Allworth Financial LP increased its stake in shares of Entegris by 7.3% in the 4th quarter. Allworth Financial LP now owns 1,463 shares of the semiconductor company’s stock worth $175,000 after acquiring an additional 100 shares in the last quarter.

About Entegris

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).