Craig Hallum Has Lowered Expectations for Entegris (NASDAQ:ENTG) Stock Price

Entegris (NASDAQ:ENTG) had its price objective dropped by equities researchers at Craig Hallum from $150.00 to $130.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Craig Hallum’s price objective suggests a potential upside of 23.73% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Needham & Company LLC restated a “buy” rating and set a $150.00 price target on shares of Entegris in a research note on Thursday, August 1st. Citigroup raised shares of Entegris from a “neutral” rating to a “buy” rating and lifted their target price for the company from $119.00 to $130.00 in a report on Monday, September 16th. 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 note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, KeyCorp decreased their target price on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $135.40.

Entegris Stock Performance

Shares of ENTG opened at $105.07 on Tuesday. The company has a market capitalization of $15.86 billion, a price-to-earnings ratio of 69.58, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24. 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 3.58 and a debt-to-equity ratio of 1.18. The stock has a 50 day moving average price of $108.88 and a 200 day moving average price of $120.97.

Entegris (NASDAQ:ENTG) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a net margin of 5.61% and a return on equity of 12.03%. 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 quarterly revenue was down 9.1% on a year-over-year basis. Research analysts predict that Entegris will post 3.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co lifted its position in Entegris by 161.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company’s stock worth $15,135,000 after buying an additional 66,437 shares during the period. Diversified Trust Co purchased a new stake in shares of Entegris during the 2nd quarter valued at $851,000. Cetera Investment Advisers increased its holdings in shares of Entegris by 128.0% during the 1st quarter. Cetera Investment Advisers now owns 20,387 shares of the semiconductor company’s stock worth $2,865,000 after buying an additional 11,444 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Entegris by 272.2% in the 1st quarter. SG Americas Securities LLC now owns 6,484 shares of the semiconductor company’s stock worth $911,000 after buying an additional 4,742 shares during the period. Finally, Swedbank AB boosted its holdings in Entegris by 520.3% in the second quarter. Swedbank AB now owns 300,361 shares of the semiconductor company’s stock valued at $40,669,000 after acquiring an additional 251,938 shares during 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).