Deutsche Bank Aktiengesellschaft Cuts Entegris (NASDAQ:ENTG) Price Target to $145.00

Entegris (NASDAQ:ENTG) had its price target lowered by Deutsche Bank Aktiengesellschaft from $160.00 to $145.00 in a research note published on Thursday, Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

A number of other brokerages also recently issued reports on ENTG. Needham & Company LLC reaffirmed a buy rating and set a $150.00 price target on shares of Entegris in a report on Thursday. Mizuho raised shares of Entegris from a neutral rating to an outperform rating and set a $143.00 price target on the stock in a report on Thursday. Finally, BMO Capital Markets lowered their price objective on shares of Entegris from $160.00 to $145.00 and set an outperform rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Entegris currently has a consensus rating of Moderate Buy and an average target price of $146.80.

Entegris Stock Performance

Shares of NASDAQ ENTG opened at $102.14 on Thursday. The firm’s 50-day moving average price is $132.39 and its 200-day moving average price is $131.79. The company has a quick ratio of 2.02, a current ratio of 3.58 and a debt-to-equity ratio of 1.18. The company has a market cap of $15.42 billion, a PE ratio of 49.11, a PEG ratio of 1.27 and a beta of 1.25. Entegris has a 52-week low of $84.13 and a 52-week high of $147.57.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. The firm had revenue of $812.60 million for the quarter, compared to the consensus estimate of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 EPS. As a group, analysts anticipate that Entegris will post 3.22 EPS for the current year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.39%. The ex-dividend date is Wednesday, July 31st. Entegris’s dividend payout ratio is currently 19.23%.

Insider Transactions at Entegris

In related news, SVP Olivier Blachier sold 1,986 shares of Entegris stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $133.84, for a total transaction of $265,806.24. Following the transaction, the senior vice president now owns 12,356 shares in the company, valued at approximately $1,653,727.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP James Anthony O’neill sold 6,761 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $133.50, for a total value of $902,593.50. Following the completion of the transaction, the senior vice president now owns 13,652 shares of the company’s stock, valued at approximately $1,822,542. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Olivier Blachier sold 1,986 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the completion of the transaction, the senior vice president now directly owns 12,356 shares of the company’s stock, valued at approximately $1,653,727.04. The disclosure for this sale can be found here. Insiders sold a total of 70,796 shares of company stock valued at $9,870,921 over the last three months. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Innealta Capital LLC bought a new position in shares of Entegris during the 2nd quarter valued at about $26,000. Summit Securities Group LLC bought a new position in shares of Entegris during the 2nd quarter valued at about $27,000. Trust Co. of Vermont bought a new position in shares of Entegris during the 4th quarter valued at about $31,000. Opal Wealth Advisors LLC bought a new position in shares of Entegris during the 2nd quarter valued at about $31,000. Finally, ORG Partners LLC bought a new position in shares of Entegris during the 1st quarter valued at about $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).