Citigroup Analysts Give Entegris (NASDAQ:ENTG) a $45.00 Price Target

Entegris (NASDAQ:ENTG) has been assigned a $45.00 target price by equities research analysts at Citigroup in a note issued to investors on Friday, July 26th, TipRanks reports. The brokerage currently has a “hold” rating on the semiconductor company’s stock. Citigroup‘s target price suggests a potential upside of 3.66% from the company’s previous close.

Several other equities research analysts have also recently issued reports on ENTG. Goldman Sachs Group raised Entegris from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Monday, June 10th. Loop Capital dropped their price target on Entegris to $46.00 and set a “buy” rating for the company in a research report on Tuesday, April 9th. CL King assumed coverage on Entegris in a research report on Thursday, June 20th. They issued a “buy” rating and a $44.00 price target for the company. ValuEngine upgraded Entegris from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Finally, BidaskClub upgraded Entegris from a “hold” rating to a “buy” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $44.50.

Shares of ENTG stock traded up $1.00 during trading hours on Friday, hitting $43.41. The stock had a trading volume of 766,800 shares, compared to its average volume of 1,680,707. Entegris has a one year low of $23.39 and a one year high of $45.12. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.87 and a quick ratio of 3.66. The stock’s 50-day moving average price is $40.05 and its two-hundred day moving average price is $37.60. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 22.97 and a beta of 1.36.

Entegris (NASDAQ:ENTG) last issued its earnings results on Thursday, July 25th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.04). Entegris had a return on equity of 24.13% and a net margin of 18.18%. The firm had revenue of $378.90 million during the quarter, compared to the consensus estimate of $382.02 million. During the same period last year, the firm posted $0.49 earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, equities research analysts predict that Entegris will post 1.91 earnings per share for the current fiscal year.

In other Entegris news, SVP William James Shaner sold 22,544 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $44.21, for a total transaction of $996,670.24. Following the completion of the transaction, the senior vice president now owns 49,830 shares in the company, valued at $2,202,984.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gregory B. Graves sold 25,974 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $45.00, for a total value of $1,168,830.00. Following the transaction, the chief financial officer now owns 74,521 shares of the company’s stock, valued at approximately $3,353,445. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Several large investors have recently made changes to their positions in ENTG. Icon Wealth Partners LLC purchased a new position in shares of Entegris during the first quarter valued at approximately $27,000. Parallel Advisors LLC purchased a new position in shares of Entegris during the first quarter valued at approximately $34,000. Water Island Capital LLC purchased a new position in shares of Entegris during the first quarter valued at approximately $36,000. SRS Capital Advisors Inc. bought a new stake in shares of Entegris during the second quarter valued at approximately $43,000. Finally, FTB Advisors Inc. raised its stake in shares of Entegris by 41.9% during the first quarter. FTB Advisors Inc. now owns 1,445 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 427 shares in the last quarter.

Entegris Company Profile

Entegris, Inc develops, manufactures, and supplies micro contamination 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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