Entegris (ENTG) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Entegris (NASDAQ:ENTG) in a research report report published on Wednesday, Marketbeat.com reports. The brokerage currently has a $37.00 price objective on the semiconductor company’s stock, up from their prior price objective of $35.00.

A number of other analysts have also recently commented on ENTG. Zacks Investment Research cut shares of Entegris from a buy rating to a hold rating in a report on Tuesday, October 17th. Citigroup upped their target price on shares of Entegris from $29.00 to $34.00 and gave the company a neutral rating in a report on Friday, October 27th. Dougherty & Co upped their target price on shares of Entegris from $33.00 to $36.00 and gave the company a buy rating in a report on Friday, October 27th. Loop Capital upped their target price on shares of Entegris from $35.00 to $40.00 and gave the company a buy rating in a report on Friday, October 27th. Finally, ValuEngine cut shares of Entegris from a buy rating to a hold rating in a report on Thursday, November 30th. Four research 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 an average price target of $32.86.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st will be given a $0.07 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.91%. Entegris’s payout ratio is currently 23.73%.

In other Entegris news, Director Paul L. H. Olson sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $30.21, for a total value of $90,630.00. Following the completion of the transaction, the director now directly owns 45,364 shares in the company, valued at $1,370,446.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael A. Bradley sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $30.00, for a total transaction of $150,000.00. Following the completion of the transaction, the director now owns 65,557 shares of the company’s stock, valued at $1,966,710. 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. Wolverine Trading LLC boosted its position in shares of Entegris by 149.6% during the third quarter. Wolverine Trading LLC now owns 6,989 shares of the semiconductor company’s stock worth $202,000 after acquiring an additional 21,089 shares during the last quarter. Reliance Trust Co. of Delaware bought a new position in shares of Entegris during the third quarter worth $208,000. CAPROCK Group Inc. bought a new position in shares of Entegris during the fourth quarter worth $220,000. Barings LLC bought a new position in shares of Entegris during the third quarter worth $225,000. Finally, Welch & Forbes LLC bought a new position in shares of Entegris during the third quarter worth $236,000. Hedge funds and other institutional investors 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).

Analyst Recommendations for Entegris (NASDAQ:ENTG)

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