Entegris (NASDAQ:ENTG) Price Target Cut to $115.00 by Analysts at Deutsche Bank Aktiengesellschaft

Entegris (NASDAQ:ENTG) had its price target decreased by Deutsche Bank Aktiengesellschaft from $145.00 to $115.00 in a research report report published on Tuesday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the semiconductor company’s stock.

A number of other analysts also recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $150.00 target price on shares of Entegris in a research report on Thursday, August 1st. Citigroup raised shares of Entegris from a “neutral” rating to a “buy” rating and upped their price target for the company from $119.00 to $130.00 in a report on Monday, September 16th. BMO Capital Markets dropped their price objective on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Thursday, August 1st. Finally, KeyCorp decreased their price objective on Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $136.10.

Entegris Stock Performance

Shares of ENTG opened at $103.12 on Tuesday. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18. Entegris has a 52-week low of $89.09 and a 52-week high of $147.57. The company has a 50-day simple moving average of $108.88 and a 200-day simple moving average of $120.97. The company has a market capitalization of $15.57 billion, a PE ratio of 68.29, a P/E/G ratio of 1.45 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The company had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The company’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period last year, the business posted $0.68 earnings per share. Equities research analysts predict that Entegris will post 3.13 earnings per share for the current fiscal year.

Entegris Announces Dividend

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

Institutional Inflows and Outflows

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

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).