Entegris (ENTG) Research Coverage Started at Berenberg Bank

Equities research analysts at Berenberg Bank assumed coverage on shares of Entegris (NASDAQ:ENTG) in a research note issued to investors on Thursday, March 21st, Marketbeat.com reports. The brokerage set a “buy” rating and a $43.00 price target on the semiconductor company’s stock. Berenberg Bank’s target price points to a potential upside of 8.12% from the company’s current price.

A number of other equities research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research report on Thursday, December 27th. ValuEngine upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research report on Friday, December 28th. BidaskClub upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research report on Friday, December 28th. Goldman Sachs Group downgraded shares of Entegris from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research report on Tuesday, January 8th. Finally, Loop Capital set a $51.00 price target on shares of Entegris and gave the company a “buy” rating in a research report on Tuesday, January 29th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $41.43.

Shares of ENTG stock traded down $0.45 during mid-day trading on Thursday, hitting $39.77. 1,148,000 shares of the stock were exchanged, compared to its average volume of 1,975,767. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.82 and a current ratio of 3.82. Entegris has a 12-month low of $23.39 and a 12-month high of $40.67. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 21.04 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Tuesday, February 5th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.01. Entegris had a return on equity of 25.86% and a net margin of 15.53%. The firm had revenue of $401.60 million for the quarter, compared to analyst estimates of $398.98 million. During the same quarter last year, the company posted $0.42 earnings per share. The business’s revenue was up 14.5% on a year-over-year basis. As a group, research analysts predict that Entegris will post 2.01 EPS for the current year.

In other news, VP Michael Sauer sold 3,788 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $36.61, for a total transaction of $138,678.68. Following the completion of the sale, the vice president now directly owns 12,782 shares of the company’s stock, valued at approximately $467,949.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gregory B. Graves sold 37,167 shares of the business’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $34.24, for a total transaction of $1,272,598.08. Following the sale, the chief financial officer now directly owns 67,126 shares of the company’s stock, valued at $2,298,394.24. The disclosure for this sale can be found here. Insiders have sold a total of 85,508 shares of company stock valued at $3,019,111 over the last 90 days. Insiders own 1.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Entegris by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 12,923,047 shares of the semiconductor company’s stock valued at $374,123,000 after buying an additional 437,632 shares during the period. Vanguard Group Inc boosted its position in Entegris by 3.5% during the 3rd quarter. Vanguard Group Inc now owns 12,923,047 shares of the semiconductor company’s stock worth $374,123,000 after purchasing an additional 437,632 shares during the period. FMR LLC boosted its position in Entegris by 19.9% during the 4th quarter. FMR LLC now owns 5,740,240 shares of the semiconductor company’s stock worth $160,124,000 after purchasing an additional 953,373 shares during the period. Shapiro Capital Management LLC boosted its position in Entegris by 8.3% during the 4th quarter. Shapiro Capital Management LLC now owns 4,688,696 shares of the semiconductor company’s stock worth $130,791,000 after purchasing an additional 360,416 shares during the period. Finally, Eagle Asset Management Inc. boosted its position in Entegris by 11.1% during the 4th quarter. Eagle Asset Management Inc. now owns 2,991,728 shares of the semiconductor company’s stock worth $83,454,000 after purchasing an additional 298,532 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).

Recommended Story: What is Net Asset Value (NAV)?

Analyst Recommendations for Entegris (NASDAQ:ENTG)

Receive News & Ratings for Entegris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris and related companies with MarketBeat.com's FREE daily email newsletter.