Entegris, Inc. (NASDAQ:ENTG) Receives $146.40 Consensus Target Price from Analysts

Shares of Entegris, Inc. (NASDAQ:ENTG) have earned an average rating of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $135.40.

A number of brokerages have issued reports on ENTG. KeyCorp reduced their price objective on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Craig Hallum decreased their price objective on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Mizuho cut 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, November 5th. Citigroup decreased their price target on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft dropped 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, November 5th.

Institutional Investors Weigh In On Entegris

Hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of Entegris by 7.5% during the first 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 purchasing an additional 916,420 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Entegris by 1,076.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock worth $103,903,000 after buying an additional 844,837 shares during the period. Principal Financial Group Inc. lifted its holdings in Entegris by 130.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock worth $155,287,000 after buying an additional 781,955 shares during the period. Swedbank AB grew its position in shares of Entegris by 249.7% in the 3rd quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock valued at $118,197,000 after buying an additional 750,000 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Entegris in the second quarter valued at about $42,087,000.

Entegris Stock Down 0.7 %

NASDAQ ENTG opened at $104.30 on Tuesday. The company has a current ratio of 2.92, a quick ratio of 2.14 and a debt-to-equity ratio of 1.14. The company has a market cap of $15.75 billion, a price-to-earnings ratio of 69.07, a PEG ratio of 1.71 and a beta of 1.24. The company has a 50 day moving average of $108.19 and a 200-day moving average of $120.37. Entegris has a 1-year low of $93.11 and a 1-year high of $147.57.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). The company had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. Entegris’s revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 earnings per share. On average, equities research analysts expect that Entegris will post 3.03 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company 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. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Wednesday, October 30th. Entegris’s dividend payout ratio is currently 26.49%.

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).