Entegris (NASDAQ:ENTG) Price Target Lowered to $150.00 at KeyCorp

Entegris (NASDAQ:ENTG) had its target price lowered by KeyCorp from $154.00 to $150.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the semiconductor company’s stock.

Several other research firms have also recently issued reports on ENTG. Craig Hallum lowered their target price 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. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Citigroup decreased 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, November 6th. Mizuho dropped their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, BMO Capital Markets reduced their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. One research 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $134.50.

Entegris Stock Down 0.8 %

Shares of Entegris stock opened at $98.92 on Friday. The company has a 50-day simple moving average of $103.88 and a two-hundred day simple moving average of $112.22. Entegris has a 52-week low of $94.92 and a 52-week high of $147.57. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. The stock has a market capitalization of $14.94 billion, a PE ratio of 65.51, a price-to-earnings-growth ratio of 1.76 and a beta of 1.23.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data 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). The business had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The business’s revenue was down 9.1% compared to the same quarter last year. During the same period last year, the company posted $0.68 earnings per share. On average, analysts anticipate that Entegris will post 2.99 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Wednesday, October 30th. Entegris’s dividend payout ratio (DPR) is 26.49%.

Institutional Trading of Entegris

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mountaineer Partners Management LLC grew its holdings in Entegris by 16,255.1% during the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock valued at $1,242,848,000 after buying an additional 10,977,064 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Entegris by 1,076.3% during the third quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock valued at $103,903,000 after acquiring an additional 844,837 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Entegris by 130.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock valued at $155,287,000 after acquiring an additional 781,955 shares during the last quarter. Swedbank AB lifted its stake in Entegris by 249.7% in the 3rd quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock worth $118,197,000 after purchasing an additional 750,000 shares in the last quarter. Finally, D1 Capital Partners L.P. bought a new position in shares of Entegris during the 3rd quarter valued at about $72,143,000.

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).