New Buy Rating for Entegris (ENTG), the Technology Giant

Loop Capital Markets analyst Chris Kapsch maintained a Buy rating on Entegris (ENTG – Research Report) today and set a price target of $162.00. The company’s shares closed yesterday at $136.91.

Kapsch covers the Basic Materials sector, focusing on stocks such as Compass Minerals International, Albemarle, and FMC. According to TipRanks, Kapsch has an average return of 10.6% and a 62.24% success rate on recommended stocks.

Entegris has an analyst consensus of Moderate Buy, with a price target consensus of $147.48.

Based on Entegris’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $812.29 million and a net profit of $37.98 million. In comparison, last year the company earned a revenue of $946.07 million and had a net profit of $57.43 million

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ENTG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Entegris (ENTG) Company Description:

Entegris, Inc. engages in the development, manufacture, and supply of specialty materials for microelectronics industry. It operates through the following business segments: Specialty Chemicals and Engineered Materials (SCEM); Advanced Materials Handling (AMH); and Microcontamination Control (MC). The SCEM segment provides purity process chemistries, gases, and materials and delivery systems to support semiconductor and other advance manufacturing processes. The AMH segment develops solutions to monitor, protect, transport, and deliver critical liquid chemistries and substrates for a broad set of applications in the semiconductor industry and other high-technology industries. The MC segment offers solutions to purify critical liquid chemistries and gases used in semiconductor manufacturing processes and other high-technology industries. The company was founded in 1966 and is headquartered in Billerica, MA.