Entegris, Inc. (NASDAQ:ENTG) Receives $134.50 Average Price Target from Brokerages

Shares of Entegris, Inc. (NASDAQ:ENTG) have earned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $134.50.

A number of analysts have recently commented on the company. KeyCorp dropped their price objective on Entegris from $154.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft dropped their price target on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. UBS Group reduced their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Citigroup dropped their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, Mizuho reduced their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th.

Hedge Funds Weigh In On Entegris

A number of institutional investors have recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC grew its stake in shares of Entegris by 16,255.1% during the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock valued at $1,242,848,000 after acquiring an additional 10,977,064 shares in the last quarter. Geode Capital Management LLC grew its stake in Entegris by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company’s stock valued at $284,941,000 after purchasing an additional 49,846 shares in the last quarter. Earnest Partners LLC increased its holdings in Entegris by 0.6% during the 2nd quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company’s stock worth $251,676,000 after purchasing an additional 11,692 shares during the last quarter. Swedbank AB raised its position in shares of Entegris by 47.7% in the 4th quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock valued at $153,636,000 after purchasing an additional 500,581 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake 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 buying an additional 12,913 shares during the last quarter.

Entegris Stock Down 1.6 %

Shares of NASDAQ:ENTG opened at $104.19 on Friday. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. The firm has a market cap of $15.73 billion, a price-to-earnings ratio of 69.00, a PEG ratio of 1.46 and a beta of 1.24. The stock’s 50-day moving average price is $103.80 and its two-hundred day moving average price is $109.50. Entegris has a 12-month low of $94.92 and a 12-month high of $147.57.

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 the consensus estimate of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The company had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. During the same period in the prior year, the business posted $0.68 earnings per share. Entegris’s revenue was down 9.1% on a year-over-year basis. On average, research analysts forecast that Entegris will post 2.94 EPS for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Wednesday, January 29th. Entegris’s payout ratio is 26.49%.

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).