KeyCorp Cuts Entegris (NASDAQ:ENTG) Price Target to $150.00

Entegris (NASDAQ:ENTG) had its price objective reduced by stock analysts at KeyCorp from $154.00 to $150.00 in a report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. KeyCorp’s price objective would indicate a potential upside of 51.64% from the company’s previous close.

ENTG has been the topic of several other research reports. Craig Hallum dropped their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. UBS Group lowered their target price on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Citigroup cut 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. Deutsche Bank Aktiengesellschaft lowered their price target on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, BMO Capital Markets cut their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Entegris presently has an average rating of “Moderate Buy” and an average target price of $134.50.

Entegris Trading Down 0.8 %

NASDAQ:ENTG opened at $98.92 on Friday. The company has a market capitalization of $14.94 billion, a P/E ratio of 65.51, a P/E/G ratio of 1.76 and a beta of 1.23. The stock’s 50 day moving average price is $103.72 and its 200 day moving average price is $111.83. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. Entegris has a 52 week low of $94.92 and a 52 week 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 analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The business 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 company posted $0.68 earnings per share. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, research analysts forecast that Entegris will post 2.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP acquired a new stake in shares of Entegris during the 2nd quarter worth about $27,000. Capital Performance Advisors LLP bought a new stake in Entegris during the third quarter worth about $29,000. Blue Trust Inc. increased its holdings in shares of Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after buying an additional 239 shares in the last quarter. Fortitude Family Office LLC raised its stake in shares of Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 274 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Entegris by 241.8% in the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 295 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).