D.A. Davidson Maintains Entegris Buy, $11 PT

D.A. Davidson maintained its Entegris ENTG Buy rating and $11 price target in a research report published today. In the report, D.A. Davidson stated, "Despite our reduced expectations, ENTG trades at less than 10x our CY13 earnings expectations excluding $1.93 in net cash per share. We believe products from ENTG become more critical to the semiconductor manufacturing process as the industry migrates to smaller geometries." Shares of Entegris closed today at $8.59, up 0.12% from Tuesday's market close.