Analysts Set Entegris, Inc. (NASDAQ:ENTG) PT at $135.40

Shares of Entegris, Inc. (NASDAQ:ENTG) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $135.40.

ENTG has been the topic of a number of research reports. Citigroup dropped their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Mizuho cut their price objective on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. BMO Capital Markets lowered their target price on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. KeyCorp cut their price target on Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Finally, UBS Group dropped their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th.

Entegris Price Performance

Shares of NASDAQ ENTG opened at $99.06 on Wednesday. Entegris has a 1 year low of $94.92 and a 1 year high of $147.57. The stock has a market capitalization of $14.96 billion, a P/E ratio of 65.60, a P/E/G ratio of 1.80 and a beta of 1.24. The company’s 50-day moving average is $104.73 and its 200 day moving average is $113.89. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83.

Entegris (NASDAQ:ENTG) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The firm had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. During the same period in the prior year, the company posted $0.68 EPS. The firm’s revenue was down 9.1% on a year-over-year basis. On average, sell-side analysts expect that Entegris will post 2.99 earnings per share for the current year.

Entegris Dividend Announcement

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

Hedge Funds Weigh In On Entegris

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mountaineer Partners Management LLC raised its holdings in shares of Entegris by 16,255.1% during the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock valued at $1,242,848,000 after purchasing an additional 10,977,064 shares during the last quarter. Geode Capital Management LLC grew its position in Entegris by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company’s stock worth $284,941,000 after purchasing an additional 49,846 shares during the period. Earnest Partners LLC lifted its holdings in shares of Entegris by 0.6% during the 2nd quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company’s stock valued at $251,676,000 after buying an additional 11,692 shares during the period. American Century Companies Inc. boosted its stake in shares of Entegris by 20.2% in the 2nd quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock worth $206,326,000 after buying an additional 256,186 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Entegris by 0.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company’s stock worth $169,206,000 after buying an additional 12,913 shares during the last quarter.

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).