Entegris Upgraded to Hold by StockNews.com

Entegris (NASDAQ:ENTG - Get Free Report) has recently been upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released to investors on Wednesday.

Analyst Ratings and Price Targets

Other financial analysts have also provided their insights on Entegris. For instance, UBS Group has cut their price target on Entegris from $130.00 to $115.00, maintaining a "neutral" rating as of November 5th. Similarly, Needham & Company LLC reaffirmed a "buy" rating, setting a price target of $120.00 on February 7th. KeyCorp announced a reduction in their price target from $150.00 to $141.00 while also assigning an "overweight" rating on February 7th. BMO Capital Markets, on the other hand, lowered their target from $145.00 to $135.00, keeping their "outperform" rating intact as of November 5th. Furthermore, Deutsche Bank Aktiengesellschaft decreased their price target from $145.00 to $115.00, while maintaining a "buy" rating.

To date, two analysts have given Entegris a hold rating, whereas eight have rated it as a buy. MarketBeat.com reports that the overall consensus rating for the stock is categorized as a "Moderate Buy," with a target price averaging around $128.78.

Stock Performance Update

During midday trading on Wednesday, shares of NASDAQ ENTG increased by $0.54, reaching a price of $107.99. The trading volume was reported at 1,395,540 shares, which is lower than its average volume of 2,317,267. Financial metrics for the company reveal a debt-to-equity ratio of 1.08, a quick ratio of 1.86, and a current ratio of 3.08. Entegris has recorded a 52-week low at $94.92 and a high at $147.57. The market capitalization stands at approximately $16.32 billion, with a price-to-earnings ratio of 55.95 and a PEG ratio of 1.50. The stock also has a beta value of 1.24. Additionally, the company’s 50-day and 200-day simple moving averages are $103.14 and $106.31, respectively.

Recent Earnings Information

Entegris released its quarterly earnings data on February 6th. The semiconductor company reported earnings per share of $0.84 for the quarter, which surpassed the consensus estimate of $0.77 by $0.07. The firm has a return on equity of 12.83% and a net margin of 9.03%. Industry analysts are averaging predictions of $3.51 earnings per share for the current fiscal year.

Insider Trading Activities

In regards to insider activities, SVP Clinton M. Haris sold 12,652 shares of Entegris stock on February 10th at an average price of $106.92, amounting to a total transaction of approximately $1,352,751.84. After this sale, Haris now owns 34,820 shares in the company, valued at roughly $3,722,954.40. This divestment indicates a 26.65% decrease in the senior vice president's ownership in the company. The details of the transaction can be found in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC's website. Currently, corporate insiders maintain ownership of 0.67% of the stock.

Institutional Investors' Activities

Recent trends show that hedge funds are actively changing their stakes in Entegris. Quarry LP acquired a new stake in the company worth around $28,000 during the fourth quarter. Capital Performance Advisors LLP also purchased new shares in the third quarter valued at approximately $29,000. In the fourth quarter, Neo Ivy Capital Management bought shares worth about $34,000. Blue Trust Inc. significantly boosted its position in Entegris by 221.3% in the third quarter, resulting in ownership of 347 shares valued at $39,000 after an additional purchase of 239 shares during the previous quarter. Fortitude Family Office LLC also increased its stake in Entegris by 195.7% in the fourth quarter, holding 414 shares valued at $41,000 after acquiring 274 more shares in the previous quarter.

About Entegris

Entegris, Inc. specializes in the development, manufacturing, and supply of microcontamination control products, specialty chemicals, and advanced materials handling solutions. Its operations encompass regions such as North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. The company operates through three key segments: Materials Solutions (MS), Microcontamination Control (MC), and Advanced Materials Handling (AMH).

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