Entegris (NASDAQ:ENTG) Given New $123.00 Price Target at Citigroup

Entegris (NASDAQ:ENTG) had its price objective reduced by Citigroup from $130.00 to $123.00 in a research report released on Wednesday, Benzinga reports. Citigroup currently has a buy rating on the semiconductor company’s stock.

Several other equities analysts have also issued reports on ENTG. Deutsche Bank Aktiengesellschaft decreased their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday. BMO Capital Markets reduced their price target on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. Mizuho reduced their target price on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, UBS Group dropped their price target on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Entegris has an average rating of “Moderate Buy” and an average target price of $135.40.

Entegris Trading Down 4.5 %

ENTG opened at $100.35 on Wednesday. The firm’s fifty day moving average is $108.73 and its two-hundred day moving average is $120.85. The firm has a market cap of $15.15 billion, a PE ratio of 69.58, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24. Entegris has a twelve month low of $90.24 and a twelve month high of $147.57. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $832.44 million. Entegris had a return on equity of 12.37% and a net margin of 7.13%. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 EPS. Equities research analysts anticipate that Entegris will post 3.13 EPS for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris’s payout ratio is 26.49%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Entegris by 161.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company’s stock valued at $15,135,000 after buying an additional 66,437 shares during the last quarter. Diversified Trust Co acquired a new stake in Entegris in the second quarter valued at $851,000. Cetera Investment Advisers grew its position in shares of 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 acquiring an additional 11,444 shares during the period. SG Americas Securities LLC increased its stake in shares of Entegris by 272.2% during 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 increased its stake in shares of Entegris by 520.3% during 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).