Entegris (NASDAQ:ENTG) Price Target Lowered to $125.00 at Mizuho

Entegris (NASDAQ:ENTG) had its price objective lowered by Mizuho from $143.00 to $125.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the semiconductor company’s stock.

ENTG has been the subject of a number of other research reports. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research report on Thursday, August 1st. Citigroup upgraded Entegris from a “neutral” rating to a “buy” rating and boosted their price target for the company from $119.00 to $130.00 in a report on Monday, September 16th. KeyCorp decreased their price objective on Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their target price on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Craig Hallum decreased their price target on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.40.

Entegris Price Performance

ENTG stock opened at $108.21 on Tuesday. The stock’s 50 day moving average price is $108.64 and its 200 day moving average price is $120.77. The firm has a market cap 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 debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58. Entegris has a 1 year low of $90.24 and a 1 year high of $147.57.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data 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). The company had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.37%. The firm’s revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share. On average, sell-side analysts expect that Entegris will post 3.13 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris’s dividend payout ratio (DPR) is presently 26.49%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Entegris by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 14,666,653 shares of the semiconductor company’s stock valued at $2,061,251,000 after acquiring an additional 112,638 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Entegris by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock valued at $1,838,988,000 after purchasing an additional 916,420 shares in the last quarter. Earnest Partners LLC lifted its stake in shares of Entegris by 0.6% during the second 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 in the last quarter. American Century Companies Inc. boosted its position in shares of Entegris by 20.2% in the second quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock worth $206,326,000 after buying an additional 256,186 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Entegris by 130.8% in the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock worth $155,287,000 after buying an additional 781,955 shares during the period.

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).