Entegris (ENTG) Rating Increased to Buy at ValuEngine

Entegris (NASDAQ:ENTG) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Other equities analysts have also recently issued reports about the stock. Dougherty & Co upped their target price on shares of Entegris from $36.00 to $37.50 and gave the company a “buy” rating in a research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $37.00 target price (up from $35.00) on shares of Entegris in a research note on Wednesday. Craig Hallum upgraded shares of Entegris from a “hold” rating to a “buy” rating in a research note on Tuesday. Seaport Global Securities initiated coverage on shares of Entegris in a research note on Friday, December 15th. They issued a “buy” rating and a $37.00 price objective for the company. Finally, Loop Capital restated a “buy” rating and issued a $40.00 price objective on shares of Entegris in a research note on Friday, December 1st. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $32.86.

Entegris (NASDAQ ENTG) opened at $30.80 on Thursday. The company has a market cap of $4,192.41, a price-to-earnings ratio of 52.20, a P/E/G ratio of 1.58 and a beta of 1.51. Entegris has a one year low of $20.50 and a one year high of $35.35. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.43 and a current ratio of 3.14.

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

Several institutional investors have recently made changes to their positions in ENTG. UBS Asset Management Americas Inc. increased its position in shares of Entegris by 5.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 69,924 shares of the semiconductor company’s stock worth $1,535,000 after purchasing an additional 3,431 shares in the last quarter. Vanguard Group Inc. increased its position 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 worth $251,409,000 after purchasing an additional 244,694 shares in the last quarter. FMR LLC increased its position 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 worth $85,712,000 after purchasing an additional 1,381,882 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Entegris by 1.7% during the 2nd quarter. California Public Employees Retirement System now owns 161,100 shares of the semiconductor company’s stock worth $3,536,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Advisor Group Inc. increased its position in shares of Entegris by 69.4% during the 2nd quarter. Advisor Group Inc. now owns 12,703 shares of the semiconductor company’s stock worth $277,000 after purchasing an additional 5,205 shares in the last quarter. Institutional investors and hedge funds 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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Entegris (NASDAQ:ENTG)

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