BMO Capital Markets Lowers Entegris (NASDAQ:ENTG) Price Target to $135.00

Entegris (NASDAQ:ENTG) had its price target lowered by BMO Capital Markets from $145.00 to $135.00 in a report issued on Tuesday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the semiconductor company’s stock.

Several other equities analysts also recently commented on the company. Craig Hallum dropped their price objective on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price target on shares of Entegris in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday. Citigroup raised shares of Entegris from a “neutral” rating to a “buy” rating and upped their price objective for the company from $119.00 to $130.00 in a report on Monday, September 16th. Finally, UBS Group reduced their target price on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $136.10.

Entegris Stock Up 2.1 %

ENTG stock opened at $103.12 on Tuesday. The stock has a market cap of $15.57 billion, a P/E ratio of 68.29, a P/E/G ratio of 1.45 and a beta of 1.24. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. The stock’s fifty day simple moving average is $109.13 and its two-hundred day simple moving average is $121.10. Entegris has a 1-year low of $89.09 and a 1-year high of $147.57.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a return on equity of 12.03% and a net margin of 5.61%. 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 firm posted $0.68 earnings per share. Entegris’s quarterly revenue was down 9.1% compared to the same quarter last year. Analysts expect that Entegris will post 3.13 EPS for the current year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris’s payout ratio is 26.49%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ENTG. Innealta Capital LLC bought a new position in Entegris in the 2nd quarter worth about $26,000. Summit Securities Group LLC bought a new position in shares of Entegris in the second quarter worth approximately $27,000. Quarry LP purchased a new stake in Entegris in the second quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new stake in Entegris during the third quarter valued at approximately $29,000. Finally, Opal Wealth Advisors LLC purchased a new position 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).