Entegris (NDAQ:ENTG) Rating Change

In an analyst note revealed to investors today, Needham upgraded shares of Entegris (NDAQ:ENTG) to “Buy” rating from “Hold” rating. The firm currently has a $25.00 TP on the stock. Needham’s TP means a potential upside of 14.52 % from the stock’s stock close price.

In spite of this stock rating upgrade NDAQ:ENTG is at the moment trading -1.13% lower at $21.80 as of 7:59 AM New York time. Entegris’s stock is 0% in the last 200 days. It has underperformed the S&P 500 Index, which has added 13.53% in the same time.

Institutional Ownership

Rgm Capital Llc had the most significant stake with ownership of 3.89M shares as of Q2 2015 for 7.63% of the fund’s portfolio. Harvey Partners Llc is another quite bullish investment manager who is having 332,500 shares of Entegris or 6.95% of their fund’s portfolio. Furthermore, Gmt Capital Corp have 4.91% of their fund’s portfolio invested in the company for 13.79M shares. The New York-based fund Daruma Capital Management Llc disclosed it had bought a stake worth about 3.72% of the investment manager’s stock portfolio in Entegris. The California-based fund Snyder Capital Management L P is also positive about the stock, possessing 3.50M shares or 3.48% of their fund’s portfolio.

Entegris (NDAQ:ENTG) Profile

Entegris, Inc. is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC). The SCEM segment provides process chemistries, gases, materials and delivery systems to support semiconductor and other manufacturing processes.

Entegris (NDAQ:ENTG) traded down -1.13% on 14 March, hitting $21.8. A total of 616,973 shares of the company’s stock traded hands. This is down from average of 726,875 shares. Entegris has a 52 week low of $11.74 and a 52 week high of $22.45. The company has a market cap of $3.18B and a P/E ratio of 31.88.

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