Entegris (NASDAQ:ENTG) Price Target Lowered to $120.00 at Craig Hallum

Entegris (NASDAQ:ENTGGet Rating) had its price objective cut by stock analysts at Craig Hallum from $133.00 to $120.00 in a research note issued to investors on Friday, The Fly reports. Craig Hallum’s price target points to a potential upside of 37.79% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Entegris from $145.00 to $125.00 in a report on Monday, July 18th. The Goldman Sachs Group upped their price target on shares of Entegris from $109.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. UBS Group reduced their price target on shares of Entegris from $125.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, August 3rd. Mizuho increased their target price on shares of Entegris from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Finally, StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research report on Wednesday, August 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Entegris presently has a consensus rating of “Moderate Buy” and an average target price of $144.80.

Entegris Trading Down 4.8 %

Entegris stock opened at $87.09 on Friday. The stock has a market capitalization of $12.97 billion, a PE ratio of 25.77 and a beta of 1.28. Entegris has a 12-month low of $85.92 and a 12-month high of $158.00. The company has a debt-to-equity ratio of 1.78, a current ratio of 9.86 and a quick ratio of 8.37. The firm has a 50 day simple moving average of $99.98 and a 200-day simple moving average of $107.22.

Entegris (NASDAQ:ENTGGet Rating) last issued its earnings results on Tuesday, August 2nd. The semiconductor company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.05). The business had revenue of $692.50 million for the quarter, compared to the consensus estimate of $665.90 million. Entegris had a return on equity of 30.56% and a net margin of 18.02%. The company’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 earnings per share. As a group, equities research analysts expect that Entegris will post 4.07 EPS for the current fiscal year.

Institutional Trading of Entegris

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC bought a new position in Entegris during the 4th quarter valued at about $955,000. abrdn plc acquired a new stake in Entegris in the fourth quarter worth $318,000. Ensign Peak Advisors Inc acquired a new stake in Entegris in the fourth quarter worth $3,730,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of Entegris during the fourth quarter worth $3,298,000. Finally, Gotham Asset Management LLC acquired a new stake in shares of Entegris during the fourth quarter worth $479,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Entegris Company Profile

(Get Rating)

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: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

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