Entegris (NASDAQ:ENTG) Rating Increased to Buy at Citigroup

Entegris (NASDAQ:ENTG) was upgraded by stock analysts at Citigroup from a “neutral” rating to a “buy” rating in a report released on Monday, MarketBeat Ratings reports. The brokerage currently has a $130.00 price target on the semiconductor company’s stock, up from their prior price target of $119.00. Citigroup’s target price suggests a potential upside of 16.45% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Mizuho upgraded Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price for the company in a research note on Thursday, August 1st. BMO Capital Markets reduced their price objective on Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. Needham & Company LLC reiterated a “buy” rating and set a $150.00 price objective on shares of Entegris in a research note on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Entegris presently has an average rating of “Moderate Buy” and an average target price of $146.40.

Entegris Stock Performance

Shares of ENTG stock opened at $111.64 on Monday. The firm has a market capitalization of $16.83 billion, a price-to-earnings ratio of 53.67, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. The business has a fifty day moving average of $117.50 and a 200 day moving average of $128.31. Entegris has a 1 year low of $84.13 and a 1 year high of $147.57.

Entegris (NASDAQ:ENTG) last issued its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The company had revenue of $812.60 million during the quarter, compared to analyst estimates of $802.43 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. As a group, research analysts expect that Entegris will post 3.14 earnings per share for the current year.

Insider Activity

In other news, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $145.00, for a total transaction of $2,175,000.00. Following the sale, the insider now directly owns 37,457 shares in the company, valued at approximately $5,431,265. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Daniel D. Woodland sold 15,000 shares of Entegris stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $145.00, for a total value of $2,175,000.00. Following the sale, the insider now directly owns 37,457 shares in the company, valued at approximately $5,431,265. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Bertrand Loy sold 27,044 shares of Entegris stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total value of $3,803,197.72. Following the completion of the sale, the chief executive officer now owns 263,068 shares in the company, valued at $36,995,252.84. The disclosure for this sale can be found here. Insiders have sold 57,044 shares of company stock worth $8,078,198 in the last ninety days. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co lifted its stake in Entegris by 161.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company’s stock worth $15,135,000 after purchasing an additional 66,437 shares in the last quarter. BNP Paribas purchased a new position in Entegris in the 1st quarter worth approximately $1,647,000. Virtu Financial LLC purchased a new position in Entegris in the 4th quarter worth approximately $892,000. Stifel Financial Corp raised its position in shares of Entegris by 6.5% during the 4th quarter. Stifel Financial Corp now owns 122,392 shares of the semiconductor company’s stock valued at $14,665,000 after buying an additional 7,456 shares during the period. Finally, Schroder Investment Management Group raised its position in shares of Entegris by 14.8% during the 4th quarter. Schroder Investment Management Group now owns 487,517 shares of the semiconductor company’s stock valued at $58,414,000 after buying an additional 62,761 shares during the period.

About Entegris

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).