Entegris, Inc. (ENTG) PT Raised to $40.00 at Loop Capital

Entegris, Inc. (NASDAQ:ENTG) had its target price increased by analysts at Loop Capital from $35.00 to $40.00 in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Loop Capital’s price target would suggest a potential upside of 23.84% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Needham & Company LLC reiterated a “buy” rating and issued a $35.00 price objective on shares of Entegris in a report on Friday. Stifel Nicolaus reiterated a “buy” rating and issued a $29.00 price objective (up from $28.00) on shares of Entegris in a report on Sunday, July 30th. Dougherty & Co upped their price objective on shares of Entegris from $27.50 to $30.00 and gave the stock a “buy” rating in a report on Friday, July 28th. BidaskClub upgraded shares of Entegris from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Finally, Deutsche Bank AG started coverage on shares of Entegris in a research report on Wednesday, July 5th. They set a “hold” rating and a $24.00 target price for the company. Four analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Entegris has a consensus rating of “Buy” and an average target price of $32.10.

Entegris (NASDAQ ENTG) traded up 0.94% on Friday, reaching $32.30. The company’s stock had a trading volume of 1,071,590 shares. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 33.30 and a beta of 1.52. Entegris has a 1-year low of $15.30 and a 1-year high of $32.75. The stock has a 50 day moving average price of $28.78 and a 200-day moving average price of $25.56.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.06. The firm had revenue of $345.60 million during the quarter, compared to analysts’ expectations of $334.30 million. Entegris had a net margin of 10.73% and a return on equity of 19.20%. Entegris’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. Equities analysts predict that Entegris will post $1.33 earnings per share for the current fiscal year.

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In other news, Director Paul L. H. Olson sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $25.77, for a total transaction of $90,195.00. Following the completion of the transaction, the director now owns 52,864 shares of the company’s stock, valued at $1,362,305.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Nicholas Burns sold 4,901 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $24.51, for a total transaction of $120,123.51. Following the transaction, the director now directly owns 51,272 shares of the company’s stock, valued at approximately $1,256,676.72. The disclosure for this sale can be found here. Insiders have sold 27,651 shares of company stock valued at $708,491 in the last ninety days. 1.70% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in ENTG. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Entegris by 11.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,324 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 533 shares during the last quarter. Seven Eight Capital LP acquired a new position in shares of Entegris during the second quarter valued at about $149,000. FNY Partners Fund LP acquired a new position in shares of Entegris during the first quarter valued at about $154,000. Reliance Trust Co. of Delaware acquired a new position in shares of Entegris during the third quarter valued at about $208,000. Finally, Balyasny Asset Management LLC acquired a new position in shares of Entegris during the second quarter valued at about $243,000. 94.50% of the stock is owned by institutional investors and hedge funds.

Entegris Company Profile

Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).

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