UBS Group Has Lowered Expectations for Entegris (NASDAQ:ENTG) Stock Price

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

Several other brokerages also recently issued reports on ENTG. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price target on shares of Entegris in a research report on Thursday, August 1st. Citigroup upgraded shares of Entegris from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $119.00 to $130.00 in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday. Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Thursday, August 1st. Finally, BMO Capital Markets reduced their price objective on Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.10.

Entegris Stock Up 2.1 %

Shares of Entegris stock opened at $103.12 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. The firm has a market cap of $15.57 billion, a price-to-earnings ratio of 68.29, a P/E/G ratio of 1.45 and a beta of 1.24. The stock has a 50-day simple moving average of $108.88 and a 200-day simple moving average of $120.97. Entegris has a 52-week low of $89.09 and a 52-week high of $147.57.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data 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 net margin of 5.61% and a return on equity of 12.03%. The business had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. During the same period in the previous year, the firm posted $0.68 EPS. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, equities research analysts expect that Entegris will post 3.13 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be given a $0.10 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. Entegris’s dividend payout ratio (DPR) is presently 26.49%.

Institutional Trading of Entegris

Several hedge funds have recently modified their holdings of the company. CANADA LIFE ASSURANCE Co grew its position in Entegris by 161.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company’s stock worth $15,135,000 after acquiring an additional 66,437 shares during the last quarter. Diversified Trust Co bought a new position in shares of Entegris in the second quarter valued at about $851,000. Cetera Investment Advisers raised its holdings in shares of Entegris by 128.0% in the first quarter. Cetera Investment Advisers now owns 20,387 shares of the semiconductor company’s stock valued at $2,865,000 after buying an additional 11,444 shares during the last quarter. SG Americas Securities LLC lifted its position in 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 buying an additional 4,742 shares in the last quarter. Finally, Swedbank AB increased its position in Entegris by 520.3% in the 2nd quarter. Swedbank AB now owns 300,361 shares of the semiconductor company’s stock valued at $40,669,000 after acquiring an additional 251,938 shares in 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).