Entegris (NASDAQ:ENTG) Price Target Cut to $115.00 by Analysts at UBS Group

Entegris (NASDAQ:ENTG) had its price target lowered by UBS Group from $130.00 to $115.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the semiconductor company’s stock.

Several other equities analysts have also weighed in on ENTG. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $150.00 price target on shares of Entegris in a report on Thursday, August 1st. Craig Hallum reduced their price objective on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday. Citigroup raised shares of Entegris from a “neutral” rating to a “buy” rating and increased their target price for the stock from $119.00 to $130.00 in a research report on Monday, September 16th. Finally, KeyCorp cut their target price on Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a report on Tuesday. One 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.40.

Entegris Trading Up 3.0 %

Entegris stock opened at $108.21 on Tuesday. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18. Entegris has a 12 month low of $90.24 and a 12 month high of $147.57. The company’s fifty day simple moving average is $108.64 and its 200-day simple moving average is $120.77. The stock has a market cap of $16.34 billion, a P/E ratio of 71.66, a P/E/G ratio of 1.36 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.37%. The firm had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. During the same quarter last year, the firm earned $0.68 EPS. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Entegris will post 3.13 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.37%. Entegris’s payout ratio is presently 26.49%.

Institutional Trading of Entegris

Several hedge funds have recently added to or reduced their stakes in ENTG. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Entegris by 161.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company’s stock worth $15,135,000 after buying an additional 66,437 shares during the last quarter. Diversified Trust Co acquired a new position in Entegris during the 2nd quarter valued at $851,000. Cetera Investment Advisers boosted its holdings in Entegris by 128.0% in the 1st quarter. Cetera Investment Advisers now owns 20,387 shares of the semiconductor company’s stock valued at $2,865,000 after purchasing an additional 11,444 shares during the period. SG Americas Securities LLC grew its position in Entegris by 272.2% in the 1st quarter. SG Americas Securities LLC now owns 6,484 shares of the semiconductor company’s stock worth $911,000 after purchasing an additional 4,742 shares during the last quarter. Finally, Swedbank AB grew its position in Entegris by 520.3% in the 2nd quarter. Swedbank AB now owns 300,361 shares of the semiconductor company’s stock worth $40,669,000 after purchasing an additional 251,938 shares during the last quarter.

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).