Brokerages Set Entegris Inc (ENTG) Target Price at $40.06

Entegris Inc (NASDAQ:ENTG) has earned a consensus rating of “Buy” from the thirteen analysts that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $40.06.

A number of equities analysts recently commented on ENTG shares. Zacks Investment Research raised shares of Entegris from a “sell” rating to a “hold” rating in a research note on Thursday, December 27th. ValuEngine raised shares of Entegris from a “sell” rating to a “hold” rating in a research note on Friday, December 28th. Deutsche Bank raised shares of Entegris from a “hold” rating to a “buy” rating and dropped their price target for the stock from $40.00 to $38.00 in a research note on Monday, October 1st. BidaskClub raised shares of Entegris from a “sell” rating to a “hold” rating in a research note on Friday, December 28th. Finally, Goldman Sachs Group cut shares of Entegris from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Tuesday, January 8th.

A number of institutional investors and hedge funds have recently made changes to their positions in ENTG. Federated Investors Inc. PA lifted its holdings in Entegris by 5.2% during the 2nd quarter. Federated Investors Inc. PA now owns 105,731 shares of the semiconductor company’s stock valued at $3,584,000 after buying an additional 5,222 shares in the last quarter. Raymond James & Associates lifted its holdings in Entegris by 2.1% during the 2nd quarter. Raymond James & Associates now owns 72,572 shares of the semiconductor company’s stock valued at $2,460,000 after buying an additional 1,482 shares in the last quarter. Paloma Partners Management Co bought a new stake in Entegris during the 2nd quarter valued at about $208,000. Vident Investment Advisory LLC raised its holdings in shares of Entegris by 1.6% in the 2nd quarter. Vident Investment Advisory LLC now owns 118,978 shares of the semiconductor company’s stock valued at $4,033,000 after purchasing an additional 1,907 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its holdings in shares of Entegris by 5.5% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 45,890 shares of the semiconductor company’s stock valued at $1,556,000 after purchasing an additional 2,373 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Shares of NASDAQ:ENTG opened at $29.26 on Friday. Entegris has a 52 week low of $23.39 and a 52 week high of $39.55. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 20.32 and a beta of 1.31. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.89 and a quick ratio of 2.64.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, October 25th. The semiconductor company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). Entegris had a return on equity of 25.34% and a net margin of 8.78%. The business had revenue of $398.60 million during the quarter, compared to analysts’ expectations of $401.79 million. As a group, research analysts expect that Entegris will post 1.88 EPS for the current fiscal year.

Entegris Company Profile

Entegris, Inc develops, manufactures, and supplies microcontamination 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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Analyst Recommendations for Entegris (NASDAQ:ENTG)

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