Entegris (NASDAQ:ENTG) Given New $115.00 Price Target at Deutsche Bank Aktiengesellschaft

Entegris (NASDAQ:ENTG) had its price target reduced by Deutsche Bank Aktiengesellschaft from $145.00 to $115.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Other equities research analysts have also recently issued reports about the company. Citigroup raised Entegris from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $119.00 to $130.00 in a research note on Monday, September 16th. Mizuho upgraded shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Thursday, August 1st. KeyCorp dropped their price target on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research note on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $150.00 target price on shares of Entegris in a research note on Thursday, August 1st. Finally, BMO Capital Markets reduced their price target on Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Entegris currently has an average rating of “Moderate Buy” and a consensus target price of $136.10.

Entegris Stock Up 2.1 %

Shares of NASDAQ:ENTG opened at $103.12 on Tuesday. The company has a market capitalization of $15.57 billion, a price-to-earnings ratio of 68.29, a PEG ratio of 1.45 and a beta of 1.24. Entegris has a 12-month low of $89.09 and a 12-month high of $147.57. The business has a 50-day moving average price of $108.88 and a 200 day moving average price of $120.97. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a net margin of 5.61% and a return on equity of 12.03%. The company had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. During the same period last year, the firm posted $0.68 earnings per share. Entegris’s revenue was down 9.1% on a year-over-year basis. Sell-side analysts expect that Entegris will post 3.13 EPS for the current year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. Entegris’s dividend payout ratio (DPR) is presently 26.49%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ENTG. Innealta Capital LLC purchased a new position in shares of Entegris during the second quarter worth about $26,000. Quarry LP acquired a new position in shares of Entegris in the second quarter valued at approximately $27,000. Summit Securities Group LLC acquired a new stake in shares of Entegris during the second quarter worth $27,000. Opal Wealth Advisors LLC purchased a new position in Entegris in the 2nd quarter valued at $31,000. Finally, ORG Partners LLC acquired a new position in Entegris in the 1st quarter valued at $33,000.

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).