Entegris (NASDAQ:ENTG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Monday, Zacks.com reports. The firm presently has a $53.00 price target on the semiconductor company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 13.20% from the stock’s current price.
According to Zacks, “Entegris is a leading provider of materials management solutions to the microelectronics industry including, in particular, the semiconductor manufacturing and disk manufacturing markets. The company’s materials management solutions for the semiconductor industry assure the integrity of materials as they are handled, stored, processed and transported throughout the semiconductor manufacturing process. These solutions enable customers to protect their investment in work-in-process and finished devices. “
A number of other research analysts have also issued reports on the stock. BidaskClub upgraded shares of Entegris from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Loop Capital increased their target price on shares of Entegris to $51.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. They noted that the move was a valuation call. ValuEngine lowered shares of Entegris from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Deutsche Bank lowered shares of Entegris from a “buy” rating to a “hold” rating in a research report on Sunday, October 6th. They noted that the move was a valuation call. Finally, Craig Hallum increased their target price on shares of Entegris from $48.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $48.25.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, October 24th. The semiconductor company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.05. Entegris had a net margin of 17.77% and a return on equity of 24.16%. The business had revenue of $394.10 million for the quarter, compared to analyst estimates of $392.09 million. During the same quarter in the prior year, the business earned $0.46 EPS. Entegris’s quarterly revenue was down 1.1% on a year-over-year basis. On average, sell-side analysts expect that Entegris will post 1.93 EPS for the current year.
In other news, SVP Clinton M. Haris sold 14,480 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $48.27, for a total transaction of $698,949.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William James Shaner sold 24,294 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $44.33, for a total transaction of $1,076,953.02. Following the sale, the senior vice president now directly owns 25,536 shares of the company’s stock, valued at approximately $1,132,010.88. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.
Large investors have recently modified their holdings of the stock. Quest Capital Management Inc. ADV bought a new position in Entegris in the 3rd quarter valued at approximately $48,000. SRS Capital Advisors Inc. bought a new position in shares of Entegris during the second quarter valued at $43,000. Shine Investment Advisory Services Inc. bought a new position in shares of Entegris during the second quarter valued at $70,000. FNY Investment Advisers LLC bought a new position in shares of Entegris during the second quarter valued at $80,000. Finally, Neo Ivy Capital Management bought a new position in shares of Entegris during the second quarter valued at $86,000. 99.10% of the stock is owned by institutional investors and hedge funds.
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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