Craig Hallum Cuts Entegris (NASDAQ:ENTG) Price Target to $130.00

Entegris (NASDAQ:ENTG) had its target price reduced by Craig Hallum from $150.00 to $130.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Craig Hallum currently has a buy rating on the semiconductor company’s stock.

Several other equities research analysts have also recently weighed in on the company. Citigroup upgraded Entegris from a “neutral” rating to a “buy” rating and upped their price target for the company from $119.00 to $130.00 in a research report on Monday, September 16th. Mizuho upgraded shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price on the stock in a research note on Thursday, August 1st. BMO Capital Markets reduced their price target on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reduced their target price on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, KeyCorp lowered their price target on Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $135.40.

Entegris Stock Performance

Shares of ENTG stock opened at $108.21 on Tuesday. Entegris has a 12 month low of $90.24 and a 12 month high of $147.57. The stock has a market capitalization of $16.34 billion, a P/E ratio of 71.66, a PEG ratio of 1.36 and a beta of 1.24. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. The firm’s 50 day moving average is $108.64 and its 200 day moving average is $120.77.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a return on equity of 12.37% and a net margin of 7.13%. The company had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. During the same period in the previous year, the business earned $0.68 earnings per share. Entegris’s revenue was down 9.1% on a year-over-year basis. On average, sell-side analysts anticipate that Entegris will post 3.13 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Entegris’s payout ratio is 26.49%.

Hedge Funds Weigh In On Entegris

Institutional investors and hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. boosted its position in Entegris by 265.9% during the third quarter. Meeder Asset Management Inc. now owns 4,892 shares of the semiconductor company’s stock valued at $550,000 after buying an additional 3,555 shares during the period. OneAscent Financial Services LLC grew its position in Entegris by 52.0% during the 3rd quarter. OneAscent Financial Services LLC now owns 2,311 shares of the semiconductor company’s stock worth $260,000 after acquiring an additional 791 shares during the last quarter. Pathstone Holdings LLC increased its stake in Entegris by 3.9% in the 3rd quarter. Pathstone Holdings LLC now owns 16,635 shares of the semiconductor company’s stock worth $1,872,000 after purchasing an additional 631 shares during the period. Swiss National Bank lifted its position in Entegris by 0.3% in the third quarter. Swiss National Bank now owns 447,507 shares of the semiconductor company’s stock valued at $50,358,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Entegris by 14.1% in the third quarter. Thrivent Financial for Lutherans now owns 37,096 shares of the semiconductor company’s stock worth $4,174,000 after purchasing an additional 4,578 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).