Trading Report: Today, Brokerages give average Rating of “Buy” to Entegris Inc. (ENTG)

Today, Brokerages give average Rating of “Buy” to Entegris Inc. (ENTG)

Entegris Inc. (NASDAQ:ENTG) has been given a consensus recommendation of “Buy” by the six ratings firms that are covering the firm. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $19.33.

A number of research analysts have issued reports on the company. Dougherty & Co upgraded Entegris from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Thursday, October 27th. Needham & Company LLC assumed coverage on Entegris in a research note on Monday, November 21st. They set a “hold” rating for the company. Finally, Zacks Investment Research upgraded Entegris from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Friday, October 28th.

In other Entegris news, COO Todd James Edlund sold 7,207 shares of Entegris stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $18.22, for a total value of $131,311.54. Following the completion of the sale, the chief operating officer now owns 129,569 shares of the company’s stock, valued at approximately $2,360,747.18. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Stuart Tison sold 9,532 shares of Entegris stock in a transaction on Friday, November 4th. The stock was sold at an average price of $15.65, for a total value of $149,175.80. Following the completion of the sale, the vice president now directly owns 101,385 shares of the company’s stock, valued at approximately $1,586,675.25. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Nationwide Fund Advisors raised its stake in shares of Entegris by 55.9% in the third quarter. Nationwide Fund Advisors now owns 171,513 shares of the company’s stock valued at $2,988,000 after buying an additional 61,468 shares during the last quarter. Moody Aldrich Partners LLC raised its stake in shares of Entegris by 523.7% in the second quarter. Moody Aldrich Partners LLC now owns 132,405 shares of the company’s stock valued at $1,916,000 after buying an additional 111,175 shares during the last quarter. Shell Asset Management Co. purchased a new stake in shares of Entegris during the third quarter valued at approximately $578,000. SECOR Capital Advisors LP raised its stake in shares of Entegris by 86.7% in the second quarter. SECOR Capital Advisors LP now owns 99,746 shares of the company’s stock valued at $1,443,000 after buying an additional 46,315 shares during the last quarter. Finally, Oxford Asset Management purchased a new stake in shares of Entegris during the second quarter valued at approximately $786,000. 97.35% of the stock is owned by institutional investors and hedge funds.

Shares of Entegris (NASDAQ:ENTG) opened at 18.35 on Monday. The company’s 50-day moving average price is $16.84 and its 200-day moving average price is $15.90. The stock has a market cap of $2.59 billion, a PE ratio of 29.17 and a beta of 1.43. Entegris has a one year low of $10.37 and a one year high of $18.65.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.24. The business earned $296.70 million during the quarter, compared to analysts’ expectations of $292.68 million. Entegris had a return on equity of 15.06% and a net margin of 7.82%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 earnings per share. Equities research analysts anticipate that Entegris will post $0.91 earnings per share for the current year.

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