Entegris, Inc. (NASDAQ:ENTG) Receives Consensus Rating of “Moderate Buy” from Analysts

Entegris, Inc. (NASDAQ:ENTG) has been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $146.40.

Several brokerages have issued reports on ENTG. Citigroup upgraded Entegris from a “neutral” rating to a “buy” rating and increased their price target for the stock from $119.00 to $130.00 in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lowered their target price on Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price target on shares of Entegris in a research report on Thursday, August 1st. BMO Capital Markets decreased their price target on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. Finally, Mizuho raised shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Thursday, August 1st.

Entegris Price Performance

Shares of NASDAQ ENTG opened at $100.98 on Tuesday. The firm has a market capitalization of $15.25 billion, a P/E ratio of 82.77, a P/E/G ratio of 1.41 and a beta of 1.25. The firm’s 50-day moving average price is $109.36 and its 200-day moving average price is $121.28. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. Entegris has a 1-year low of $89.09 and a 1-year high of $147.57.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris’s payout ratio is 32.79%.

Institutional Trading of Entegris

A number of institutional investors and hedge funds have recently modified their holdings of ENTG. Price T Rowe Associates Inc. MD boosted its position in Entegris by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock worth $1,838,988,000 after purchasing an additional 916,420 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Entegris by 1,076.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock worth $103,903,000 after purchasing an additional 844,837 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Entegris by 130.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock worth $155,287,000 after buying an additional 781,955 shares during the last quarter. Swedbank AB grew its position in Entegris by 249.7% during the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock valued at $118,197,000 after buying an additional 750,000 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Entegris during the second quarter worth about $42,087,000.

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).