Mizuho Issues Pessimistic Forecast for Entegris (NASDAQ:ENTG) Stock Price

Entegris (NASDAQ:ENTG) had its target price trimmed by Mizuho from $143.00 to $125.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the semiconductor company’s stock.

ENTG has been the topic of several other research reports. BMO Capital Markets reduced their price target on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. UBS Group cut their target price on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft cut their target price on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday. Craig Hallum cut their target price on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $150.00 target price on shares of Entegris in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Entegris presently has an average rating of “Moderate Buy” and a consensus price target of $135.40.

Entegris Trading Down 2.9 %

ENTG traded down $3.18 during trading on Tuesday, hitting $105.03. The company’s stock had a trading volume of 2,077,385 shares, compared to its average volume of 2,180,409. The stock has a market cap of $15.86 billion, a PE ratio of 69.56, a PEG ratio of 1.71 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 2.14. The firm’s 50 day moving average price is $108.42 and its 200-day moving average price is $120.63. Entegris has a twelve month low of $90.24 and a twelve month high of $147.57.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The company had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. During the same quarter in the prior year, the company posted $0.68 earnings per share. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, analysts expect that Entegris will post 3.03 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Entegris’s payout ratio is currently 26.49%.

Institutional Investors Weigh In On Entegris

Several large investors have recently made changes to their positions in ENTG. Inspire Advisors LLC increased its stake in shares of Entegris by 1.3% during the first quarter. Inspire Advisors LLC now owns 5,785 shares of the semiconductor company’s stock valued at $813,000 after acquiring an additional 77 shares during the period. Wedmont Private Capital increased its stake in shares of Entegris by 5.9% during the second quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company’s stock valued at $232,000 after acquiring an additional 90 shares during the period. Bridges Investment Management Inc. increased its stake in shares of Entegris by 3.6% during the third quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company’s stock valued at $318,000 after acquiring an additional 98 shares during the period. Everpar Advisors LLC increased its stake in shares of Entegris by 6.5% during the second quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company’s stock valued at $224,000 after acquiring an additional 101 shares during the period. Finally, Arizona State Retirement System increased its stake in shares of Entegris by 0.3% during the second quarter. Arizona State Retirement System now owns 41,406 shares of the semiconductor company’s stock valued at $5,606,000 after acquiring an additional 105 shares during the period.

Entegris Company Profile

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).