Entegris, Inc. (NASDAQ:ENTG) Receives $134.50 Consensus Target Price from Brokerages

Shares of Entegris, Inc. (NASDAQ:ENTG) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $134.50.

A number of research firms recently commented on ENTG. BMO Capital Markets lowered their price target on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Citigroup dropped their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Craig Hallum decreased their price target on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. UBS Group cut 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, November 5th. Finally, Mizuho lowered their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th.

Entegris Stock Performance

NASDAQ ENTG opened at $105.88 on Friday. The company has a market cap of $15.99 billion, a P/E ratio of 70.12, a PEG ratio of 1.43 and a beta of 1.24. The company has a fifty day simple moving average of $103.67 and a 200 day simple moving average of $109.97. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. Entegris has a 12-month low of $94.92 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG) last posted 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 business 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 12.24% and a net margin of 7.13%. The company’s revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 earnings per share. Sell-side analysts predict that Entegris will post 2.95 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.38%. Entegris’s dividend payout ratio is currently 26.49%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Mountaineer Partners Management LLC grew its position in Entegris by 16,255.1% during the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock worth $1,242,848,000 after buying an additional 10,977,064 shares in the last quarter. Assenagon Asset Management S.A. lifted its position 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 purchasing an additional 844,837 shares during the last quarter. Principal Financial Group Inc. grew its stake 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 worth $155,287,000 after buying an additional 781,955 shares in the last quarter. Swedbank AB raised its position in shares of Entegris by 249.7% during the 3rd quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock valued at $118,197,000 after buying an additional 750,000 shares in the last quarter. Finally, James Hambro & Partners LLP bought a new stake in shares of Entegris during the 4th quarter worth $72,845,000.

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).