Stocks of Entegris Inc. (NASDAQ:ENTG) traded higher last session on Wall Street, down -3.84% to $103.55.
According to the data, Entegris Inc. (NASDAQ:ENTG) has 14 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $129.00 and a low of $94.00, we find $116.00. Given the previous closing price of $107.68, this indicates a potential upside of 7.73 percent. ENTG stock price is now -3.00% away from the 50-day moving average and 22.52% away from the 200-day moving average. The market capitalization of the company currently stands at $15.24B.
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A total of 3 analysts have issued a hold rating and 9 have given it a buy rating. Brokers who have rated the stock have averaged $113.00 as their price target over the next twelve months.
With the price target of $129, BMO Capital Markets recently initiated with Outperform rating for Entegris Inc. (NASDAQ: ENTG).
In other news, Shaner William James, SVP & President, AMH sold 14,004 shares of the company’s stock on May 15. The stock was sold for $1,282,906 at an average price of $91.61. Upon completion of the transaction, the SVP & President, AMH now directly owns 17,912 shares in the company, valued at $1.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 11, SVP & CTO O’Neill James Anthony sold 4,845 shares of the business’s stock. A total of $439,538 was realized by selling the stock at an average price of $90.72. This leaves the insider owning 15,588 shares of the company worth $1.61 million. Insiders disposed of 100,289 shares of company stock worth roughly $10.38 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ENTG stock. A new stake in Entegris Inc. shares was purchased by HOLOCENE ADVISORS, LP during the first quarter worth $167,432,000. SOUTHPOINT CAPITAL ADVISORS LP invested $103,550,000 in shares of ENTG during the first quarter. In the first quarter, STEADFAST CAPITAL MANAGEMENT LP acquired a new stake in Entegris Inc. valued at approximately $38,417,000. GREAT LAKES ADVISORS, LLC acquired a new stake in ENTG for approximately $24,604,000. PORTSIDE WEALTH GROUP, LLC purchased a new stake in ENTG valued at around $22,981,000 in the second quarter.
Wednesday’s opening bell rang with an opening price of $105.20 for Entegris Inc. (NASDAQ: ENTG). During the past 12 months, Entegris Inc. has had a low of $61.75 and a high of $114.47. As of last week, the company has a debt-to-equity ratio of 1.83, a current ratio of 3.10, and a quick ratio of 2.10. According to the stock market information, the enterprise value for the company is $21.28B, which is based on a 3982.69 price-to-earnings ratio, a 798.13 price-to-earnings-growth ratio, and a beta of 1.25. The fifty day moving average price for ENTG is $106.89 and a two-hundred day moving average price translates $84.64 for the stock.
According to the Semiconductor Equipment & Materials Company, earnings per share came in at $0.65, beating analysts’ expectations of $0.52 by 0.13. This compares to $0.92 EPS in the same period last year. The net profit margin was -0.10% and return on equity was -0.20% for ENTG. The company reported revenue of $922.4 million for the quarter, compared to $649.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 41.98 percent. For the current quarter, analysts expect ENTG to generate $886.39M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/23/2023. Investors who held shares on 08/02/2023 were paid a $0.10 dividend. On an annualized basis, this represents a $0.40 dividend and a 0.39% percent yield. There was an ex-dividend date of 08/01/2023 for this dividend. In terms of dividend payout ratio, ENTG is presently at 27.43%.
