Entegris (NASDAQ:ENTG) Price Target Lowered to $135.00 at BMO Capital Markets

Entegris (NASDAQ:ENTG) had its price target reduced by BMO Capital Markets from $145.00 to $135.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the semiconductor company’s stock. BMO Capital Markets’ price objective points to a potential upside of 33.58% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Needham & Company LLC reiterated a “buy” rating and set a $150.00 target price on shares of Entegris in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reduced their target price on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday. KeyCorp cut their price objective on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday. UBS Group cut their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Craig Hallum cut their price objective on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $136.10.

Entegris Stock Up 0.1 %

NASDAQ ENTG traded up $0.08 during mid-day trading on Tuesday, hitting $101.06. The company’s stock had a trading volume of 1,249,468 shares, compared to its average volume of 1,640,051. The company’s 50 day simple moving average is $109.13 and its 200 day simple moving average is $121.10. Entegris has a twelve month low of $89.09 and a twelve month high of $147.57. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $15.26 billion, a price-to-earnings ratio of 67.05, a PEG ratio of 1.45 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results 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). Entegris had a net margin of 5.61% and a return on equity of 12.03%. The business had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. During the same period in the previous year, the business posted $0.68 EPS. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. Analysts anticipate that Entegris will post 3.13 earnings per share for the current year.

Institutional Trading of Entegris

A number of hedge funds have recently bought and sold shares of ENTG. Innealta Capital LLC bought a new stake in Entegris in the second quarter valued at approximately $26,000. Quarry LP bought a new stake in Entegris in the second quarter valued at approximately $27,000. Summit Securities Group LLC bought a new stake in Entegris in the second quarter valued at approximately $27,000. Opal Wealth Advisors LLC bought a new stake in Entegris in the second quarter valued at approximately $31,000. Finally, ORG Partners LLC bought a new stake in Entegris in the first quarter valued at approximately $33,000.

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).