Citigroup Lowers Entegris (NASDAQ:ENTG) Price Target to $123.00

Entegris (NASDAQ:ENTG) had its price objective trimmed by Citigroup from $130.00 to $123.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Other analysts have also issued research reports about the company. BMO Capital Markets cut their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Craig Hallum dropped their target price on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Mizuho reduced their price target 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. KeyCorp dropped their price objective on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 target price on shares of Entegris in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.40.

Entegris Stock Down 2.9 %

ENTG stock opened at $105.03 on Wednesday. The stock has a market capitalization of $15.86 billion, a P/E ratio of 69.56, a P/E/G ratio of 1.71 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 2.14. Entegris has a 1-year low of $90.24 and a 1-year high of $147.57. The business has a fifty day moving average price of $108.42 and a 200-day moving average price of $120.60.

Entegris (NASDAQ:ENTG) last posted its 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 7.13% and a return on equity of 12.24%. The company had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. During the same quarter in the prior year, the company posted $0.68 EPS. Entegris’s revenue was down 9.1% on a year-over-year basis. Equities analysts forecast that Entegris will post 3.03 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.38%. The ex-dividend date is Wednesday, October 30th. Entegris’s dividend payout ratio (DPR) is presently 26.49%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Innealta Capital LLC purchased a new stake in Entegris in the 2nd quarter worth $26,000. Summit Securities Group LLC purchased a new stake in shares of Entegris in the second quarter worth about $27,000. Quarry LP bought a new position in Entegris during the second quarter valued at approximately $27,000. Capital Performance Advisors LLP purchased a new position in Entegris during the 3rd quarter valued at approximately $29,000. Finally, Opal Wealth Advisors LLC bought a new stake in Entegris in the 2nd quarter worth approximately $31,000.

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).