Needham & Company LLC began coverage on shares of Entegris Inc. (NASDAQ:ENTG) in a research note released on Monday morning. The firm issued a hold rating on the stock.
Several other equities research analysts also recently issued reports on ENTG. Citigroup Inc. lifted their price objective on Entegris from $14.50 to $18.00 and gave the stock a neutral rating in a report on Thursday, July 28th. Craig Hallum restated a buy rating on shares of Entegris in a report on Thursday, July 28th. Pacific Crest lifted their price objective on Entegris from $16.00 to $20.00 and gave the stock an overweight rating in a report on Thursday, July 28th. Zacks Investment Research downgraded Entegris from a buy rating to a hold rating in a report on Monday, October 31st. Finally, Dougherty & Co downgraded Entegris from a buy rating to a neutral rating in a report on Thursday, July 28th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Entegris has a consensus rating of Buy and a consensus target price of $19.00.
Shares of Entegris (NASDAQ:ENTG) opened at 18.20 on Monday. The stock has a market cap of $2.57 billion, a PE ratio of 28.93 and a beta of 1.43. Entegris has a 1-year low of $10.37 and a 1-year high of $18.65. The stock’s 50 day moving average price is $16.84 and its 200 day moving average price is $15.86.
Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. Entegris had a return on equity of 15.06% and a net margin of 7.82%. The company had revenue of $296.70 million for the quarter, compared to the consensus estimate of $292.68 million. During the same period in the previous year, the business earned $0.23 EPS. Entegris’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities research analysts anticipate that Entegris will post $0.91 EPS for the current fiscal year.
In related news, VP Stuart Tison sold 9,532 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $15.65, for a total transaction of $149,175.80. Following the completion of the transaction, the vice president now owns 101,385 shares in the company, valued at approximately $1,586,675.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Gmt Capital Corp sold 61,900 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $17.40, for a total value of $1,077,060.00. Following the transaction, the insider now owns 14,052,510 shares of the company’s stock, valued at approximately $244,513,674. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA bought a new position in Entegris during the second quarter worth about $100,000. Advisor Group Inc. bought a new position in Entegris during the second quarter worth about $111,000. BlackRock Inc. raised its position in Entegris by 125.0% in the first quarter. BlackRock Inc. now owns 9,420 shares of the company’s stock worth $128,000 after buying an additional 5,234 shares in the last quarter. Strs Ohio raised its position in Entegris by 40.0% in the second quarter. Strs Ohio now owns 9,100 shares of the company’s stock worth $131,000 after buying an additional 2,600 shares in the last quarter. Finally, Genesee Valley Trust Co. raised its position in Entegris by 6.6% in the second quarter. Genesee Valley Trust Co. now owns 12,575 shares of the company’s stock worth $182,000 after buying an additional 780 shares in the last quarter. Institutional investors and hedge funds own 97.35% of the company’s stock.