Entegris, Inc. (NASDAQ:ENTG) Receives $135.40 Average Target Price from Brokerages

Shares of Entegris, Inc. (NASDAQ:ENTG) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $135.40.

Several equities research analysts have recently commented on ENTG shares. Craig Hallum lowered their price objective on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Mizuho cut their price objective on Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Citigroup decreased their target price on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, KeyCorp dropped their target price on Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th.

Entegris Stock Up 3.0 %

Shares of ENTG stock opened at $108.83 on Friday. The stock’s fifty day moving average price is $106.52 and its 200 day moving average price is $117.68. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. Entegris has a 1-year low of $94.92 and a 1-year high of $147.57. The company has a market cap of $16.43 billion, a price-to-earnings ratio of 69.95, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last posted 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 for the quarter, compared to analyst estimates of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The business’s revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 EPS. On average, research analysts expect that Entegris will post 2.99 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were given a $0.10 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.37%. Entegris’s dividend payout ratio is presently 26.49%.

Hedge Funds Weigh In On Entegris

Several institutional investors have recently made changes to their positions in the company. Wedmont Private Capital increased its stake in shares of Entegris by 5.9% in the 2nd quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company’s stock valued at $232,000 after purchasing an additional 90 shares in the last quarter. Bridges Investment Management Inc. raised its stake in shares of Entegris by 3.6% during the 3rd quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company’s stock worth $318,000 after buying an additional 98 shares during the period. Everpar Advisors LLC raised its stake in shares of Entegris by 6.5% during the 2nd quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company’s stock worth $224,000 after buying an additional 101 shares during the period. Arizona State Retirement System lifted its position in shares of Entegris by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 41,406 shares of the semiconductor company’s stock valued at $5,606,000 after buying an additional 105 shares in the last quarter. Finally, Fulton Bank N.A. grew its stake in Entegris by 0.9% in the 2nd quarter. Fulton Bank N.A. now owns 11,703 shares of the semiconductor company’s stock valued at $1,585,000 after acquiring an additional 108 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).