Entegris (NASDAQ:ENTG) Price Target Cut to $130.00 by Analysts at Craig Hallum

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

Other analysts also recently issued reports about the company. Mizuho raised shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price for the company in a research note on Thursday, August 1st. Citigroup raised Entegris from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $119.00 to $130.00 in a research note on Monday, September 16th. BMO Capital Markets dropped their price target on Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. KeyCorp cut their target price on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Entegris presently has a consensus rating of “Moderate Buy” and an average price target of $136.10.

Entegris Price Performance

ENTG stock opened at $103.12 on Tuesday. The stock has a market cap of $15.57 billion, a PE ratio of 68.29, a P/E/G ratio of 1.45 and a beta of 1.24. Entegris has a 12 month low of $89.09 and a 12 month high of $147.57. The company has a 50-day moving average price of $108.88 and a 200 day moving average price of $120.97. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18.

Entegris (NASDAQ:ENTG) last announced 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 net margin of 5.61% and a return on equity of 12.03%. The business had revenue of $807.70 million for the quarter, compared to analysts’ expectations of $832.44 million. During the same quarter last year, the firm earned $0.68 EPS. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. Equities research 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 dividend of $0.10 per share. The ex-dividend date is Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. Entegris’s dividend payout ratio is presently 26.49%.

Institutional Investors Weigh In On Entegris

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENTG. Innealta Capital LLC acquired a new stake in Entegris in the 2nd quarter worth approximately $26,000. Summit Securities Group LLC purchased a new position in Entegris in the 2nd quarter worth $27,000. Quarry LP acquired a new stake in Entegris during the 2nd quarter worth about $27,000. Capital Performance Advisors LLP purchased a new stake in Entegris during the 3rd quarter valued at about $29,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Entegris in the second quarter valued at about $31,000.

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).