Entegris (ENTG) Upgraded by Citigroup to “Buy”

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.

TRADEMARK VIOLATION NOTICE: This story was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.thelincolnianonline.com/2018/02/23/entegris-entg-upgraded-to-buy-at-citigroup.html.

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).

Analyst Recommendations for Entegris (NASDAQ:ENTG)

Receive News & Ratings for Entegris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply