Entegris (ENTG) Lowered to Hold at ValuEngine

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

A number of other research analysts also recently issued reports on ENTG. Zacks Investment Research downgraded shares of Entegris from a hold rating to a sell rating in a research report on Friday, January 25th. BidaskClub upgraded shares of Entegris from a hold rating to a buy rating in a report on Tuesday, January 29th. Loop Capital set a $51.00 price objective on shares of Entegris and gave the stock a buy rating in a report on Tuesday, January 29th. Seaport Global Securities downgraded shares of Entegris from a buy rating to a neutral rating in a report on Thursday, February 28th. Finally, Berenberg Bank began coverage on shares of Entegris in a report on Thursday, March 21st. They set a buy rating and a $43.00 price objective on the stock. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of $42.38.

Shares of Entegris stock traded down $0.77 during trading on Friday, reaching $37.04. 1,118,999 shares of the company traded hands, compared to its average volume of 1,425,870. The company has a quick ratio of 3.06, a current ratio of 4.34 and a debt-to-equity ratio of 0.93. Entegris has a 1-year low of $23.39 and a 1-year high of $42.01. The company has a market capitalization of $5.02 billion, a PE ratio of 19.60 and a beta of 1.35.

Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, April 25th. The semiconductor company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.03. Entegris had a net margin of 13.71% and a return on equity of 26.00%. The company had revenue of $391.00 million for the quarter, compared to the consensus estimate of $400.43 million. During the same quarter in the previous year, the company earned $0.47 EPS. Entegris’s quarterly revenue was up 6.5% compared to the same quarter last year. Sell-side analysts expect that Entegris will post 1.94 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.28 annualized dividend and a yield of 0.76%. Entegris’s payout ratio is 14.81%.

In other news, CFO Gregory B. Graves sold 37,167 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $34.24, for a total value of $1,272,598.08. Following the completion of the sale, the chief financial officer now owns 67,126 shares in the company, valued at approximately $2,298,394.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Michael Sauer sold 3,788 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was 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 owns 12,782 shares of the company’s stock, valued at approximately $467,949.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 148,402 shares of company stock worth $5,533,590. Corporate insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC grew its position in Entegris by 10.3% during the first quarter. FMR LLC now owns 6,330,016 shares of the semiconductor company’s stock valued at $225,918,000 after buying an additional 589,776 shares during the period. Jane Street Group LLC bought a new position in Entegris during the first quarter valued at about $760,000. BlueCrest Capital Management Ltd bought a new position in Entegris during the first quarter valued at about $255,000. HighTower Advisors LLC grew its position in Entegris by 64.4% during the first quarter. HighTower Advisors LLC now owns 12,486 shares of the semiconductor company’s stock valued at $445,000 after buying an additional 4,893 shares during the period. Finally, Zebra Capital Management LLC grew its position in Entegris by 1.7% during the first quarter. Zebra Capital Management LLC now owns 37,197 shares of the semiconductor company’s stock valued at $1,328,000 after buying an additional 625 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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