Entegris (ENTG) Rating Reiterated by Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Entegris (NASDAQ:ENTG) in a report issued on Wednesday, Marketbeat.com reports. They currently have a $37.00 target price on the semiconductor company’s stock, up from their previous target price of $35.00.

Several other equities analysts have also issued reports on the company. Loop Capital lifted their price target on Entegris from $35.00 to $40.00 and gave the stock a buy rating in a research report on Friday, October 27th. Zacks Investment Research raised Entegris from a hold rating to a strong-buy rating and set a $35.00 price target for the company in a research report on Thursday, October 19th. Seaport Global Securities started coverage on Entegris in a research report on Friday, December 15th. They issued a buy rating and a $37.00 price target for the company. Citigroup lifted their price target on Entegris from $29.00 to $34.00 and gave the stock a neutral rating in a research report on Friday, October 27th. Finally, Dougherty & Co lifted their price target on Entegris from $33.00 to $36.00 and gave the stock a buy rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $32.86.

Entegris (NASDAQ ENTG) opened at $31.60 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.14 and a quick ratio of 2.43. The stock has a market capitalization of $4,616.60, a PE ratio of 53.56, a PEG ratio of 1.84 and a beta of 1.51. Entegris has a 52-week low of $19.40 and a 52-week high of $35.35.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, January 31st will be issued a $0.07 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $0.28 annualized dividend and a yield of 0.89%. Entegris’s payout ratio is 23.73%.

In related news, Director Michael A. Bradley sold 5,000 shares of Entegris stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $30.00, for a total value of $150,000.00. Following the completion of the sale, the director now directly owns 65,557 shares in the company, valued at approximately $1,966,710. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul L. H. Olson sold 3,000 shares of Entegris stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $30.21, for a total value of $90,630.00. Following the completion of the sale, the director now owns 45,364 shares of the company’s stock, valued at $1,370,446.44. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in shares of Entegris by 54.8% during the 2nd quarter. FMR LLC now owns 3,904,882 shares of the semiconductor company’s stock valued at $85,712,000 after purchasing an additional 1,381,882 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Entegris during the 3rd quarter valued at about $23,700,000. Vanguard Group Inc. grew its stake in shares of Entegris by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 11,453,733 shares of the semiconductor company’s stock valued at $251,409,000 after purchasing an additional 244,694 shares during the period. Victory Capital Management Inc. grew its stake in shares of Entegris by 9.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,478,586 shares of the semiconductor company’s stock valued at $71,507,000 after purchasing an additional 211,759 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Entegris by 19.9% during the 3rd quarter. Wells Fargo & Company MN now owns 1,170,846 shares of the semiconductor company’s stock valued at $33,779,000 after purchasing an additional 194,301 shares during the period. Institutional investors own 96.02% of the company’s stock.

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About Entegris

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).

Analyst Recommendations for Entegris (NASDAQ:ENTG)

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