Mizuho Lowers Entegris (NASDAQ:ENTG) Price Target to $120.00

Entegris (NASDAQ:ENTG) had its price objective decreased by stock analysts at Mizuho from $125.00 to $120.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the semiconductor company’s stock. Mizuho’s price target would indicate a potential upside of 15.93% from the stock’s previous close.

Other analysts also recently issued research reports about the company. BMO Capital Markets reduced their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. KeyCorp decreased their price target on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. UBS Group dropped their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Finally, Citigroup decreased their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. One research 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’s stock. According to data from MarketBeat, Entegris presently has an average rating of “Moderate Buy” and an average target price of $134.90.

Entegris Price Performance

Shares of Entegris stock traded up $1.00 on Tuesday, hitting $103.51. 418,237 shares of the company traded hands, compared to its average volume of 1,512,516. Entegris has a 52 week low of $94.92 and a 52 week high of $147.57. The business has a 50-day simple moving average of $104.28 and a 200 day simple moving average of $112.62. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. The stock has a market capitalization of $15.63 billion, a P/E ratio of 68.55, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last announced its quarterly 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). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The company had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The business’s revenue was down 9.1% on a year-over-year basis. Research analysts expect that Entegris will post 2.99 earnings per share for the current fiscal year.

Institutional Trading of Entegris

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP purchased a new stake in shares of Entegris during the second quarter valued at $27,000. Capital Performance Advisors LLP purchased a new stake in Entegris in the 3rd quarter valued at about $29,000. Blue Trust Inc. grew its stake in Entegris by 221.3% in the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 239 shares in the last quarter. Covestor Ltd increased its position in shares of Entegris by 241.8% during the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 295 shares during the period. Finally, Huntington National Bank raised its stake in shares of Entegris by 41.0% during the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 132 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).