Entegris (NASDAQ:ENTG) Price Target Raised to $148.00

Entegris (NASDAQ:ENTG – Get Rating) had its target price lifted by Mizuho from $146.00 to $148.00 in a report issued on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

Several other research firms have also recently weighed in on ENTG. KeyCorp decreased their price objective on shares of Entegris from $150.00 to $132.00 and set an overweight rating for the company in a research report on Wednesday, July 20th. Citigroup decreased their price objective on shares of Entegris from $160.00 to $145.00 in a research report on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Entegris from $145.00 to $125.00 in a research report on Monday, July 18th. Craig Hallum decreased their price objective on shares of Entegris from $175.00 to $133.00 in a research report on Wednesday, April 27th. Finally, The Goldman Sachs Group reiterated a buy rating and set a $109.00 price objective on shares of Entegris in a research report on Friday, July 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $145.70.

Entegris Trading Down 0.4 %

Shares of NASDAQ ENTG opened at $105.74 on Wednesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.22 and a current ratio of 9.86. Entegris has a 52-week low of $85.92 and a 52-week high of $158.00. The firm has a 50 day moving average price of $100.77 and a two-hundred day moving average price of $113.67. The stock has a market cap of $14.37 billion, a P/E ratio of 31.28 and a beta of 1.25.

Entegris (NASDAQ:ENTG – Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The semiconductor company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.05). Entegris had a net margin of 18.02% and a return on equity of 30.56%. The business had revenue of $692.50 million during the quarter, compared to analyst estimates of $665.90 million. During the same quarter last year, the company posted $0.85 earnings per share. The company’s revenue was up 21.2% compared to the same quarter last year. As a group, equities analysts forecast that Entegris will post 4.23 EPS for the current year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 3rd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, August 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Entegris’s dividend payout ratio is currently 11.83%.

Institutional Trading of Entegris

Several institutional investors and hedge funds have recently made changes to their positions in ENTG. National Bank of Canada FI purchased a new stake in shares of Entegris in the fourth quarter valued at about $58,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Entegris in the fourth quarter valued at about $2,358,000. Commonwealth Equity Services LLC increased its holdings in Entegris by 5.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 24,553 shares of the semiconductor company’s stock worth $3,402,000 after buying an additional 1,301 shares during the last quarter. Yousif Capital Management LLC purchased a new stake in Entegris during the fourth quarter worth about $281,000. Finally, CWM LLC purchased a new stake in Entegris during the fourth quarter worth about $214,000. Hedge funds and other institutional investors own 97.32% of the company’s stock.

About Entegris

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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: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).