Brokerages Set Entegris, Inc. (NASDAQ:ENTG) PT at $111.00

Shares of Entegris, Inc. (NASDAQ:ENTG) have been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $118.50.

A number of research analysts have recently weighed in on the stock. Needham & Company LLC reissued a “strong-buy” rating on shares of Entegris in a research report on Tuesday, January 20th. Citigroup increased their price objective on Entegris from $100.00 to $145.00 and gave the company a “buy” rating in a report on Monday, January 26th. BMO Capital Markets raised their target price on Entegris from $105.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Entegris in a research report on Monday, December 29th. Finally, The Goldman Sachs Group downgraded Entegris from a “neutral” rating to a “sell” rating and cut their price target for the stock from $88.00 to $75.00 in a research note on Monday, December 15th.

Entegris Trading Up 1.2%

Shares of Entegris stock opened at $119.48 on Thursday. The firm has a market cap of $18.11 billion, a PE ratio of 63.22 and a beta of 1.32. The stock has a fifty day moving average price of $96.20 and a 200-day moving average price of $89.57. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.44 and a quick ratio of 2.13. Entegris has a 1 year low of $60.75 and a 1 year high of $124.00.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Wednesday, January 28th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, January 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. Entegris’s dividend payout ratio (DPR) is presently 21.16%.

Insider Activity at Entegris

In related news, SVP Olivier Blachier sold 488 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $77.43, for a total transaction of $37,785.84. Following the sale, the senior vice president directly owned 14,124 shares in the company, valued at approximately $1,093,621.32. This represents a 3.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James P. Lederer sold 2,008 shares of Entegris stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $92.84, for a total transaction of $186,422.72. Following the completion of the transaction, the director owned 20,434 shares of the company’s stock, valued at $1,897,092.56. This represents a 8.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 69,473 shares of company stock worth $5,666,033 in the last ninety days. Insiders own 0.61% of the company’s stock.

Institutional Trading of Entegris

Institutional investors have recently added to or reduced their stakes in the stock. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Entegris in the second quarter worth about $25,000. Ameriflex Group Inc. bought a new stake in Entegris during the 3rd quarter worth approximately $25,000. Steph & Co. purchased a new stake in Entegris in the 4th quarter worth approximately $25,000. ORG Wealth Partners LLC boosted its holdings in Entegris by 862.1% in the 3rd quarter. ORG Wealth Partners LLC now owns 279 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 250 shares during the period. Finally, SBI Securities Co. Ltd. grew its position in shares of Entegris by 260.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 285 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 206 shares in the last quarter.

Entegris Company Profile

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.