Mizuho Cuts Entegris (NASDAQ:ENTG) Price Target to $125.00

Entegris (NASDAQ:ENTG) had its price target cut by investment analysts at Mizuho from $143.00 to $125.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the semiconductor company’s stock. Mizuho’s price target would suggest a potential upside of 23.69% from the stock’s previous close.

ENTG has been the topic of a number of other research reports. Craig Hallum decreased their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday. UBS Group decreased their price target on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday. KeyCorp decreased their target price on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Citigroup upgraded shares of Entegris from a “neutral” rating to a “buy” rating and increased their target price for the stock from $119.00 to $130.00 in a research report on Monday, September 16th. One investment 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.10.

Entegris Stock Performance

Shares of ENTG stock traded up $0.08 on Tuesday, reaching $101.06. The stock had a trading volume of 1,249,468 shares, compared to its average volume of 1,640,051. 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 firm’s 50-day moving average is $109.13 and its two-hundred day moving average is $121.10. The firm has a market capitalization of $15.26 billion, a price-to-earnings ratio of 67.05, a P/E/G ratio of 1.45 and a beta of 1.24. Entegris has a 12 month low of $89.09 and a 12 month high of $147.57.

Entegris (NASDAQ:ENTG) last issued 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 during the quarter, compared to the consensus estimate of $832.44 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 earnings per share. On average, research analysts expect that Entegris will post 3.13 EPS for the current fiscal year.

Institutional Trading of Entegris

Large investors have recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in shares of Entegris during the 2nd quarter worth approximately $26,000. Summit Securities Group LLC acquired a new stake in shares of Entegris during the 2nd quarter worth approximately $27,000. Quarry LP acquired a new stake in shares of Entegris during the 2nd quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Entegris during the 3rd quarter worth approximately $29,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Entegris during the 2nd quarter worth approximately $31,000.

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).