Analysts Set Entegris, Inc. (NASDAQ:ENTG) PT at $135.40

Entegris, Inc. (NASDAQ:ENTG) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $135.40.

A number of equities analysts recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. KeyCorp cut their target price on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Mizuho reduced their price target on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Craig Hallum decreased their target price on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th.

Institutional Investors Weigh In On Entegris

Several hedge funds and other institutional investors have recently made changes to their positions in ENTG. Arkadios Wealth Advisors grew its stake in shares of Entegris by 18.3% during the second quarter. Arkadios Wealth Advisors now owns 1,742 shares of the semiconductor company’s stock worth $236,000 after buying an additional 270 shares during the last quarter. Innealta Capital LLC acquired a new position in Entegris in the 2nd quarter worth about $26,000. iA Global Asset Management Inc. raised its position in Entegris by 8.1% in the second quarter. iA Global Asset Management Inc. now owns 33,470 shares of the semiconductor company’s stock valued at $4,532,000 after purchasing an additional 2,500 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Entegris during the second quarter valued at about $14,237,000. Finally, Catalytic Wealth RIA LLC grew its holdings in shares of Entegris by 9.2% during the second quarter. Catalytic Wealth RIA LLC now owns 2,426 shares of the semiconductor company’s stock worth $328,000 after purchasing an additional 205 shares during the last quarter.

Entegris Stock Down 0.4 %

Shares of Entegris stock opened at $101.77 on Wednesday. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. The company has a market cap of $15.37 billion, a P/E ratio of 67.40, a P/E/G ratio of 1.80 and a beta of 1.23. The stock has a 50-day moving average price of $104.83 and a 200 day moving average price of $114.32. Entegris has a 1 year low of $94.92 and a 1 year high of $147.57.

Entegris (NASDAQ:ENTG) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). The business had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. The business’s revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 earnings per share. As a group, analysts expect that Entegris will post 2.99 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. Entegris’s dividend payout ratio is currently 26.49%.

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).