Entegris (NASDAQ:ENTG) Rating Reiterated by Deutsche Bank Aktiengesellschaft

Entegris (NASDAQ:ENTG)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $160.00 price objective on the semiconductor company’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 18.98% from the company’s current price.

Several other equities analysts have also recently commented on ENTG. Wolfe Research assumed coverage on Entegris in a research report on Friday, March 1st. They set an “outperform” rating and a $160.00 target price for the company. Mizuho boosted their price objective on Entegris from $140.00 to $143.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 target price on shares of Entegris in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $149.80.

Entegris Stock Up 0.9 %

ENTG stock opened at $134.48 on Wednesday. The stock has a 50-day simple moving average of $131.14 and a two-hundred day simple moving average of $128.64. Entegris has a twelve month low of $84.13 and a twelve month high of $146.91. The firm has a market capitalization of $20.28 billion, a PE ratio of 64.65, a PEG ratio of 1.53 and a beta of 1.24. The company has a quick ratio of 2.02, a current ratio of 3.35 and a debt-to-equity ratio of 1.22.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.61 by $0.07. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The company had revenue of $771.03 million during the quarter, compared to analysts’ expectations of $769.24 million. During the same quarter in the previous year, the company earned $0.65 earnings per share. Entegris’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, equities analysts predict that Entegris will post 3.25 EPS for the current fiscal year.

Insider Buying and Selling at Entegris

In other news, SVP Olivier Blachier sold 1,986 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the completion of the sale, the senior vice president now owns 12,356 shares of the company’s stock, valued at $1,653,727.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP James Anthony O’neill sold 6,761 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $133.50, for a total transaction of $902,593.50. Following the transaction, the senior vice president now owns 13,652 shares in the company, valued at approximately $1,822,542. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Olivier Blachier sold 1,986 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $133.84, for a total value of $265,806.24. Following the transaction, the senior vice president now directly owns 12,356 shares of the company’s stock, valued at approximately $1,653,727.04. The disclosure for this sale can be found here. Insiders sold a total of 13,752 shares of company stock worth $1,792,723 over the last three months. Company insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Entegris

Several hedge funds have recently made changes to their positions in ENTG. ORG Partners LLC bought a new stake in Entegris in the first quarter valued at $33,000. Trust Co. of Vermont bought a new stake in Entegris in the fourth quarter valued at $31,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Entegris in the fourth quarter valued at $35,000. Quent Capital LLC boosted its holdings in Entegris by 59.1% in the fourth quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 136 shares in the last quarter. Finally, Arlington Trust Co LLC bought a new stake in Entegris in the fourth quarter valued at $46,000.

Entegris Company Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).