Entegris (NASDAQ:ENTG) Given New $135.00 Price Target at BMO Capital Markets

Entegris (NASDAQ:ENTG) had its target price reduced by BMO Capital Markets from $145.00 to $135.00 in a report published on Tuesday morning, Benzinga reports. BMO Capital Markets currently has an outperform rating on the semiconductor company’s stock.

Other equities analysts have also issued research reports about the stock. UBS Group dropped 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 dropped their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday. Mizuho decreased their target price on Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday. Craig Hallum dropped their price target on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Citigroup upgraded Entegris from a “neutral” rating to a “buy” rating and increased their price target for the stock from $119.00 to $130.00 in a report on Monday, September 16th. One 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $136.10.

Entegris Trading Up 2.1 %

NASDAQ ENTG opened at $103.12 on Tuesday. The firm has a market capitalization of $15.57 billion, a PE ratio of 68.29, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24. The business’s 50-day moving average price is $109.13 and its two-hundred day moving average price is $121.10. 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 has a 12 month low of $89.09 and a 12 month high of $147.57.

Entegris (NASDAQ:ENTG) last announced 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). 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 the consensus estimate of $832.44 million. During the same quarter in the previous year, the company earned $0.68 earnings per share. The business’s revenue was down 9.1% on a year-over-year basis. On average, analysts expect that Entegris will post 3.13 EPS for the current year.

Entegris Dividend Announcement

The firm also recently disclosed 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris’s dividend payout ratio (DPR) is 26.49%.

Institutional Investors Weigh In On Entegris

Several hedge funds and other institutional investors have recently made changes to their positions in ENTG. Private Advisor Group LLC increased its holdings in Entegris by 3.0% during the 1st quarter. Private Advisor Group LLC now owns 10,221 shares of the semiconductor company’s stock worth $1,437,000 after purchasing an additional 299 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Entegris in the 1st quarter valued at $203,000. Janney Montgomery Scott LLC lifted its stake in Entegris by 10.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,798 shares of the semiconductor company’s stock valued at $1,236,000 after acquiring an additional 867 shares in the last quarter. Nordea Investment Management AB lifted its stake in Entegris by 5.0% during the 1st quarter. Nordea Investment Management AB now owns 10,370 shares of the semiconductor company’s stock valued at $1,461,000 after acquiring an additional 492 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Entegris by 102.4% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,872 shares of the semiconductor company’s stock worth $263,000 after acquiring an additional 947 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).