Entegris (NASDAQ:ENTG) Trading Up 7.2% – Here’s Why

Entegris, Inc. (NASDAQ:ENTG)’s stock price rose 7.2% during trading on Monday . The stock traded as high as $78.01 and last traded at $78.17. Approximately 683,310 shares changed hands during trading, a decline of 74% from the average daily volume of 2,595,032 shares. The stock had previously closed at $72.92.

Analyst Upgrades and Downgrades

ENTG has been the subject of several research analyst reports. Citigroup dropped their price objective on Entegris from $125.00 to $102.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. KeyCorp lowered their target price on Entegris from $130.00 to $117.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Wall Street Zen downgraded Entegris from a “hold” rating to a “sell” rating in a research note on Saturday, April 19th. UBS Group lowered their price objective on shares of Entegris from $90.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Entegris in a report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $113.00.

Entegris Trading Up 8.0%

The stock has a market cap of $11.93 billion, a P/E ratio of 40.78, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The firm’s 50 day simple moving average is $74.44 and its two-hundred day simple moving average is $92.44. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.02). The business had revenue of $773.20 million during the quarter, compared to analyst estimates of $790.75 million. Entegris had a net margin of 9.03% and a return on equity of 12.83%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the firm posted $0.68 earnings per share. As a group, equities research analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Wednesday, April 30th. Entegris’s dividend payout ratio (DPR) is 19.61%.

Hedge Funds Weigh In On Entegris

Several hedge funds and other institutional investors have recently made changes to their positions in ENTG. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Entegris by 4.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 300,990 shares of the semiconductor company’s stock valued at $29,816,000 after purchasing an additional 12,314 shares during the period. Empowered Funds LLC raised its position in shares of Entegris by 19.8% during the 4th quarter. Empowered Funds LLC now owns 23,101 shares of the semiconductor company’s stock worth $2,288,000 after buying an additional 3,816 shares in the last quarter. Equitable Trust Co. lifted its stake in shares of Entegris by 61.0% in the 4th quarter. Equitable Trust Co. now owns 10,468 shares of the semiconductor company’s stock worth $1,037,000 after acquiring an additional 3,967 shares during the period. Louisbourg Investments Inc. bought a new position in shares of Entegris in the fourth quarter valued at approximately $2,156,000. Finally, Values First Advisors Inc. increased its stake in shares of Entegris by 55.0% during the fourth quarter. Values First Advisors Inc. now owns 6,004 shares of the semiconductor company’s stock valued at $595,000 after acquiring an additional 2,130 shares during the period.

Entegris Company Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).