Entegris (NASDAQ:ENTG) Stock Price Down 6.4% – What’s Next?

Entegris, Inc. (NASDAQ:ENTG)’s share price traded down 6.4% on Tuesday . The company traded as low as $104.08 and last traded at $104.34. 1,433,925 shares changed hands during trading, a decline of 10% from the average session volume of 1,597,969 shares. The stock had previously closed at $111.45.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ENTG shares. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 target price on shares of Entegris in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Mizuho upgraded Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price on the stock in a research note on Thursday, August 1st. BMO Capital Markets lowered their price target on Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Finally, Citigroup raised Entegris from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $119.00 to $130.00 in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $146.40.

Entegris Price Performance

The firm has a market capitalization of $15.71 billion, a P/E ratio of 50.08, a PEG ratio of 1.48 and a beta of 1.24. The business’s 50-day simple moving average is $110.67 and its 200 day simple moving average is $123.86. 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 (NASDAQ:ENTG) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.70 by $0.01. The company had revenue of $812.60 million for the quarter, compared to analyst estimates of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 EPS. Sell-side analysts forecast that Entegris, Inc. will post 3.13 earnings per share for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.38%. Entegris’s payout ratio is 19.23%.

Institutional Trading of Entegris

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Entegris by 0.8% in the first quarter. Vanguard Group Inc. now owns 14,666,653 shares of the semiconductor company’s stock worth $2,061,251,000 after purchasing an additional 112,638 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Entegris by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock worth $1,838,988,000 after acquiring an additional 916,420 shares during the last quarter. Earnest Partners LLC increased its position in shares of Entegris by 0.6% in the second quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company’s stock valued at $251,676,000 after acquiring an additional 11,692 shares during the period. American Century Companies Inc. raised its stake in shares of Entegris by 20.2% during the second quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock valued at $206,326,000 after acquiring an additional 256,186 shares during the last quarter. Finally, Congress Asset Management Co. MA boosted its holdings in shares of Entegris by 1.1% during the first quarter. Congress Asset Management Co. MA now owns 1,177,732 shares of the semiconductor company’s stock worth $165,518,000 after purchasing an additional 12,386 shares during the period.

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).