Analysts Set Entegris, Inc. (NASDAQ:ENTG) Target Price at $146.40

Shares of Entegris, Inc. (NASDAQ:ENTG) have been given a consensus rating of “Moderate Buy” by the ten research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $135.40.

Several research firms recently issued reports on ENTG. 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 note on Tuesday, November 5th. BMO Capital Markets lowered their price target on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Citigroup lowered their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday. KeyCorp reduced their price target on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Finally, Mizuho lowered their price objective on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th.

Entegris Price Performance

Entegris stock opened at $105.03 on Tuesday. The firm has a fifty day moving average of $108.42 and a 200-day moving average of $120.60. Entegris has a 52-week low of $90.24 and a 52-week high of $147.57. The company has a quick ratio of 2.14, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $15.86 billion, a P/E ratio of 69.56, a PEG ratio of 1.71 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The company had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. During the same period last year, the business earned $0.68 earnings per share. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, analysts predict that Entegris will post 3.03 EPS for the current year.

Entegris Announces Dividend

The firm also recently declared 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 of this dividend is Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Entegris’s dividend payout ratio (DPR) is presently 26.49%.

Hedge Funds Weigh In On Entegris

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Inspire Advisors LLC boosted its position in 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 acquiring an additional 77 shares during the period. Wedmont Private Capital lifted its holdings in Entegris by 5.9% in the second quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company’s stock worth $232,000 after purchasing an additional 90 shares during the period. Bridges Investment Management Inc. grew its position in Entegris by 3.6% in the 3rd quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company’s stock valued at $318,000 after buying an additional 98 shares in the last quarter. Everpar Advisors LLC increased its stake in Entegris by 6.5% during the 2nd quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company’s stock valued at $224,000 after buying an additional 101 shares during the period. Finally, Arizona State Retirement System raised 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 worth $5,606,000 after buying an additional 105 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).