Citigroup Issues Pessimistic Forecast for Entegris (NASDAQ:ENTG) Stock Price

Entegris (NASDAQ:ENTG) had its price objective cut by Citigroup from $130.00 to $123.00 in a research report report published on Wednesday, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets decreased their target price on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday. UBS Group lowered their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $150.00 target price on shares of Entegris in a research report on Thursday, August 1st. Craig Hallum lowered their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, KeyCorp cut their price objective on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $135.40.

Entegris Trading Down 4.5 %

ENTG stock opened at $100.35 on Wednesday. Entegris has a one year low of $90.24 and a one year high of $147.57. The stock has a market cap of $15.15 billion, a price-to-earnings ratio of 69.58, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24. The company has a fifty day moving average price of $108.73 and a two-hundred day moving average price of $120.85. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14.

Entegris (NASDAQ:ENTG) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). The company had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. Entegris had a return on equity of 12.37% and a net margin of 7.13%. The business’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 EPS. Equities analysts anticipate that Entegris will post 3.13 EPS for the current year.

Entegris Dividend Announcement

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 given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris’s payout ratio is presently 26.49%.

Institutional Trading of Entegris

Several large investors have recently made changes to their positions in the company. Inspire Advisors LLC boosted its holdings in shares of Entegris by 1.3% in the 1st quarter. Inspire Advisors LLC now owns 5,785 shares of the semiconductor company’s stock valued at $813,000 after purchasing an additional 77 shares in the last quarter. Wedmont Private Capital boosted its stake in Entegris by 5.9% in the second quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company’s stock valued at $232,000 after buying an additional 90 shares in the last quarter. Bridges Investment Management Inc. grew its position in Entegris by 3.6% in the third quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company’s stock valued at $318,000 after acquiring an additional 98 shares during the last quarter. Everpar Advisors LLC raised its stake in Entegris by 6.5% during the second quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company’s stock worth $224,000 after acquiring an additional 101 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Entegris by 0.3% during the second quarter. Arizona State Retirement System now owns 41,406 shares of the semiconductor company’s stock worth $5,606,000 after acquiring an additional 105 shares in the last quarter.

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).