Entegris, Inc. (NASDAQ:ENTG) Receives $146.40 Average Price Target from Analysts

Shares of Entegris, Inc. (NASDAQ:ENTG) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $146.40.

ENTG has been the subject of several recent research reports. BMO Capital Markets cut their price objective on Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Citigroup raised Entegris from a “neutral” rating to a “buy” rating and raised their price target for the stock from $119.00 to $130.00 in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft lowered their price target on Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Mizuho raised shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research report on Thursday, August 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $150.00 target price on shares of Entegris in a research note on Thursday, August 1st.

Entegris Trading Up 0.8 %

Shares of NASDAQ ENTG opened at $108.90 on Friday. 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 has a one year low of $84.13 and a one year high of $147.57. The business has a 50-day moving average price of $110.43 and a two-hundred day moving average price of $124.62. The firm has a market capitalization of $16.42 billion, a PE ratio of 52.36, a PEG ratio of 1.48 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.70 by $0.01. The business had revenue of $812.60 million during the quarter, compared to analysts’ expectations of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period last year, the company posted $0.66 earnings per share. As a group, analysts predict that Entegris will post 3.13 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Entegris’s payout ratio is presently 19.23%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Inspire Advisors LLC lifted its position in shares of Entegris by 1.3% during the 1st quarter. Inspire Advisors LLC now owns 5,785 shares of the semiconductor company’s stock worth $813,000 after purchasing an additional 77 shares during the last quarter. Wedmont Private Capital boosted its position in shares of Entegris by 5.9% in the second quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company’s stock valued at $232,000 after acquiring an additional 90 shares during the period. Everpar Advisors LLC grew its stake in shares of Entegris by 6.5% in the second quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company’s stock worth $224,000 after acquiring an additional 101 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Entegris by 0.3% in the second quarter. Arizona State Retirement System now owns 41,406 shares of the semiconductor company’s stock worth $5,606,000 after acquiring an additional 105 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Entegris by 14.6% during the first quarter. UMB Bank n.a. now owns 832 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 106 shares during the period.

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).