UBS Group Cuts Entegris (NASDAQ:ENTG) Price Target to $115.00

Entegris (NASDAQ:ENTG) had its price objective cut by UBS Group from $130.00 to $115.00 in a research report released on Tuesday,Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock.

Several other equities analysts have also recently weighed in on ENTG. Needham & Company LLC restated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. Citigroup upgraded Entegris from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $119.00 to $130.00 in a research note on Monday, September 16th. KeyCorp decreased their target price on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research note on Tuesday. BMO Capital Markets dropped their price target on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. Finally, Craig Hallum cut their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Entegris presently has an average rating of “Moderate Buy” and a consensus price target of $135.40.

Entegris Stock Down 2.9 %

Entegris stock opened at $105.03 on Tuesday. Entegris has a twelve month low of $90.24 and a twelve month high of $147.57. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18. The company has a 50 day moving average of $108.42 and a 200-day moving average of $120.63. The stock has a market capitalization of $15.86 billion, a PE ratio of 69.56, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its 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). The firm had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. Entegris had a return on equity of 12.37% and a net margin of 7.13%. Entegris’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter last year, the company posted $0.68 EPS. On average, equities research analysts anticipate that Entegris will post 3.13 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Entegris’s dividend payout ratio is 26.49%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ENTG. Vanguard Group Inc. raised its holdings in shares of Entegris by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 14,666,653 shares of the semiconductor company’s stock worth $2,061,251,000 after buying an additional 112,638 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in 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 acquiring an additional 916,420 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of Entegris by 0.6% in the second quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company’s stock worth $251,676,000 after acquiring an additional 11,692 shares during the last quarter. 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 valued at $206,326,000 after purchasing an additional 256,186 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Entegris by 0.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company’s stock valued at $169,206,000 after purchasing an additional 12,913 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).