Citigroup upgraded shares of Entegris (NASDAQ:ENTG) from a neutral rating to a buy rating in a report issued on Thursday, February 15th, MarketBeat.com reports. They currently have $34.00 price objective on the semiconductor company’s stock.
ENTG has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Entegris from a hold rating to a sell rating in a research report on Thursday, January 11th. ValuEngine upgraded shares of Entegris from a hold rating to a buy rating in a research report on Thursday, February 8th. Needham & Company LLC restated a buy rating and set a $37.00 price target (up previously from $35.00) on shares of Entegris in a research report on Wednesday, February 7th. Dougherty & Co upped their price target on shares of Entegris from $33.00 to $36.00 and gave the stock a buy rating in a research report on Friday, October 27th. Finally, Craig Hallum raised shares of Entegris from a hold rating to a buy rating in a research note on Tuesday, February 6th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Entegris presently has a consensus rating of Buy and a consensus price target of $32.77.
Shares of Entegris (NASDAQ:ENTG) traded up $0.20 on Thursday, hitting $33.00. 669,300 shares of the stock were exchanged, compared to its average volume of 991,029. The stock has a market capitalization of $4,629.43, a price-to-earnings ratio of 55.93, a PEG ratio of 1.67 and a beta of 1.51. The company has a quick ratio of 2.95, a current ratio of 3.63 and a debt-to-equity ratio of 0.58. Entegris has a 12-month low of $20.85 and a 12-month high of $35.35.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.85%. Entegris’s dividend payout ratio (DPR) is presently 23.73%.
In other news, CFO Gregory B. Graves sold 51,078 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $33.63, for a total value of $1,717,753.14. Following the sale, the chief financial officer now directly owns 95,927 shares in the company, valued at approximately $3,226,025.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gregory B. Graves sold 56,478 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $33.58, for a total transaction of $1,896,531.24. Following the completion of the sale, the chief financial officer now owns 95,927 shares in the company, valued at $3,221,228.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 299,873 shares of company stock worth $10,027,979. 1.50% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. Zeke Capital Advisors LLC acquired a new stake in Entegris during the 4th quarter worth $203,000. CAPROCK Group Inc. purchased a new position in Entegris during the 4th quarter worth $220,000. Wolverine Trading LLC grew its position in Entegris by 149.6% during the 3rd quarter. Wolverine Trading LLC now owns 6,989 shares of the semiconductor company’s stock worth $202,000 after purchasing an additional 21,089 shares during the last quarter. Reliance Trust Co. of Delaware purchased a new position in Entegris during the 3rd quarter worth $208,000. Finally, Barings LLC purchased a new position in Entegris during the 3rd quarter worth $225,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.
Entegris Company Profile
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).
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