After Loop Capital Markets and Needham gave Entegris (NASDAQ: ENTG) a Buy rating last month, the company received another Buy, this time from Stifel Nicolaus. Analyst Patrick Ho maintained a Buy rating on Entegris (NASDAQ: ENTG) today and set a price target of $46. The company’s shares opened today at $33.95.
According to TipRanks.com, Ho is a 4-star analyst with an average return of 12.7% and a 63.6% success rate. Ho covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Rudolph Technologies, and Electro Scientific.
Currently, the analyst consensus on Entegris is a Strong Buy with an average price target of $44.75.
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Based on Entegris’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $57.56 million. In comparison, last year the company had a net profit of $39.99 million.
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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).
