Entegris (NASDAQ:ENTG) PT Raised to $143.00 at Mizuho

Entegris (NASDAQ:ENTG) had its price objective boosted by analysts at Mizuho from $140.00 to $143.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the semiconductor company’s stock. Mizuho’s target price points to a potential upside of 8.50% from the stock’s current price.

A number of other brokerages also recently issued reports on ENTG. Needham & Company LLC reissued a “buy” rating and set a $150.00 price target on shares of Entegris in a research report on Wednesday. The Goldman Sachs Group boosted their price target on Entegris from $104.00 to $147.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. BMO Capital Markets increased their price objective on shares of Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. StockNews.com cut shares of Entegris from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd. Finally, Wolfe Research initiated coverage on shares of Entegris in a research report on Friday, March 1st. They set an “outperform” rating and a $160.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $141.91.

Entegris Stock Up 4.1 %

Shares of NASDAQ:ENTG traded up $5.20 during trading on Thursday, hitting $131.80. 1,600,512 shares of the company were exchanged, compared to its average volume of 1,376,751. The stock has a market cap of $19.87 billion, a price-to-earnings ratio of 63.37 and a beta of 1.31. The company has a current ratio of 3.35, a quick ratio of 2.67 and a debt-to-equity ratio of 1.22. Entegris has a fifty-two week low of $72.96 and a fifty-two week high of $146.91. The firm has a fifty day moving average price of $135.27 and a two-hundred day moving average price of $119.28.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.07. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The firm had revenue of $771.03 million for the quarter, compared to analyst estimates of $769.24 million. During the same quarter in the prior year, the company earned $0.65 earnings per share. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. As a group, research analysts anticipate that Entegris will post 3.27 earnings per share for the current fiscal year.

Insider Activity at Entegris

In other Entegris news, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the transaction, the senior vice president now directly owns 42,931 shares of the company’s stock, valued at approximately $5,832,605.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Michael Besnard sold 12,667 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $135.78, for a total value of $1,719,925.26. Following the transaction, the senior vice president now owns 10,213 shares in the company, valued at $1,386,721.14. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Susan G. Rice sold 17,518 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the sale, the senior vice president now owns 42,931 shares of the company’s stock, valued at $5,832,605.66. The disclosure for this sale can be found here. Insiders sold 41,082 shares of company stock worth $5,606,849 over the last three months. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Entegris

Hedge funds have recently added to or reduced their stakes in the business. WCM Investment Management LLC grew its position in shares of Entegris by 0.4% during the 4th quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock worth $628,177,000 after buying an additional 22,249 shares during the period. California Public Employees Retirement System grew its holdings in Entegris by 17.6% in the fourth quarter. California Public Employees Retirement System now owns 257,147 shares of the semiconductor company’s stock worth $30,811,000 after purchasing an additional 38,557 shares during the period. QRG Capital Management Inc. bought a new stake in Entegris in the third quarter valued at $663,000. Crestwood Advisors Group LLC acquired a new position in shares of Entegris during the third quarter valued at about $3,087,000. Finally, Parkside Financial Bank & Trust boosted its position in shares of Entegris by 20.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,357 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 229 shares in the last quarter.

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).