Entegris (NASDAQ:ENTG) Price Target Cut to $115.00 by Analysts at UBS Group

Entegris (NASDAQ:ENTG) had its price target lowered by UBS Group from $130.00 to $115.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. UBS Group’s price objective points to a potential upside of 13.79% from the company’s current price.

ENTG has been the subject of several other research reports. Mizuho upgraded shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Thursday, August 1st. Citigroup upgraded shares of Entegris from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $119.00 to $130.00 in a research note on Monday, September 16th. Needham & Company LLC restated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Craig Hallum reduced their target price on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $136.10.

Entegris Stock Up 0.1 %

Shares of NASDAQ:ENTG traded up $0.08 during midday trading on Tuesday, hitting $101.06. The stock had a trading volume of 1,249,468 shares, compared to its average volume of 1,640,051. The company has a market cap of $15.26 billion, a P/E ratio of 67.05, a PEG ratio of 1.45 and a beta of 1.24. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18. The business’s 50-day simple moving average is $109.13 and its 200-day simple moving average is $121.10. Entegris has a 12 month low of $89.09 and a 12 month high of $147.57.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share 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 firm had revenue of $807.70 million for the quarter, compared to analysts’ expectations of $832.44 million. During the same quarter in the prior year, the business earned $0.68 EPS. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. On average, sell-side analysts forecast that Entegris will post 3.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Entegris

A number of institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC lifted its position in Entegris by 3.0% during the 1st quarter. Private Advisor Group LLC now owns 10,221 shares of the semiconductor company’s stock worth $1,437,000 after acquiring an additional 299 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Entegris during the 1st quarter worth approximately $203,000. Janney Montgomery Scott LLC increased its stake in Entegris by 10.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,798 shares of the semiconductor company’s stock valued at $1,236,000 after purchasing an additional 867 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Entegris by 5.0% in the 1st quarter. Nordea Investment Management AB now owns 10,370 shares of the semiconductor company’s stock worth $1,461,000 after buying an additional 492 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Entegris by 102.4% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,872 shares of the semiconductor company’s stock worth $263,000 after buying an additional 947 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).