KeyCorp Cuts Entegris (NASDAQ:ENTG) Price Target to $154.00

Entegris (NASDAQ:ENTG) had its price objective lowered by KeyCorp from $164.00 to $154.00 in a report published on Tuesday,Benzinga reports. KeyCorp currently has an overweight rating on the semiconductor company’s stock.

A number of other research firms also recently weighed in on ENTG. Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Thursday, August 1st. Citigroup raised Entegris from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $119.00 to $130.00 in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. BMO Capital Markets decreased their target price on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price target on shares of Entegris in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Entegris currently has a consensus rating of “Moderate Buy” and an average price target of $135.40.

Entegris Stock Up 3.0 %

Shares of Entegris stock opened at $108.21 on Tuesday. Entegris has a 1 year low of $90.24 and a 1 year high of $147.57. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. The company has a market capitalization of $16.34 billion, a P/E ratio of 71.66, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24. The business has a 50-day moving average of $108.64 and a two-hundred day moving average of $120.77.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The company had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.37%. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. As a group, equities analysts predict that Entegris will post 3.13 EPS for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Wednesday, October 30th. Entegris’s payout ratio is presently 26.49%.

Institutional Trading of Entegris

Hedge funds and other institutional investors have recently modified their holdings of the stock. Innealta Capital LLC bought a new position in Entegris in the 2nd quarter valued at about $26,000. Summit Securities Group LLC bought a new position in shares of Entegris during the second quarter worth approximately $27,000. Quarry LP acquired a new stake in Entegris during the 2nd quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new stake in Entegris in the 3rd quarter valued at $29,000. Finally, Opal Wealth Advisors LLC acquired a new position in Entegris in the 2nd quarter valued at $31,000.

About Entegris

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).