Entegris Inc. (NASDAQ:ENTG) was upgraded by analysts at Dougherty & Co from a “neutral” rating to a “buy” rating in a research report issued on Thursday. The firm presently has a $20.00 price objective on the stock. Dougherty & Co’s target price indicates a potential upside of 24.61% from the stock’s current price.
Several other equities analysts have also issued reports on ENTG. Zacks Investment Research lowered shares of Entegris from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 27th. Craig Hallum reiterated a “buy” rating on shares of Entegris in a report on Thursday, July 28th. Pacific Crest lifted their target price on shares of Entegris from $16.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, July 28th. Finally, Citigroup Inc. lifted their target price on shares of Entegris from $14.50 to $18.00 and gave the company a “neutral” rating in a report on Thursday, July 28th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $19.00.
Entegris (NASDAQ:ENTG) opened at 16.05 on Thursday. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 25.52 and a beta of 1.80. Entegris has a one year low of $10.37 and a one year high of $17.73. The firm’s 50-day moving average price is $16.67 and its 200 day moving average price is $15.38.
Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.24 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. The business had revenue of $296.70 million for 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 business’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 EPS. On average, equities research analysts expect that Entegris will post $0.91 earnings per share for the current fiscal year.
In related news, CFO Gregory B. Graves sold 23,948 shares of the business’s stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $17.50, for a total value of $419,090.00. Following the completion of the transaction, the chief financial officer now directly owns 98,939 shares in the company, valued at approximately $1,731,432.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Corey Rucci sold 7,346 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $16.90, for a total transaction of $124,147.40. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA purchased a new position in shares of Entegris during the second quarter worth $100,000. Advisor Group Inc. purchased a new position in shares of Entegris during the second quarter worth $111,000. BlackRock Inc. raised its position in shares of 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 during the last quarter. Strs Ohio raised its position in shares of 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 during the last quarter. Finally, Bayesian Capital Management LP purchased a new position in shares of Entegris during the first quarter worth $161,000. Institutional investors own 98.26% of the company’s stock.