Entegris (NASDAQ:ENTG) PT Lowered to $120.00 at UBS Group

Entegris (NASDAQ:ENTG – Get Rating) had its price objective lowered by UBS Group from $125.00 to $120.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has a neutral rating on the semiconductor company’s stock.

ENTG has been the subject of several other reports. Craig Hallum decreased their price target on shares of Entegris from $175.00 to $133.00 in a research report on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Entegris from $145.00 to $125.00 in a research report on Monday, July 18th. Stifel Nicolaus upped their price target on shares of Entegris from $180.00 to $186.00 in a research report on Tuesday, April 26th. KeyCorp decreased their price target 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. Finally, Citigroup decreased their price target on shares of Entegris from $160.00 to $145.00 in a research report on Wednesday, April 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $145.70.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $105.74 on Wednesday. The company has a market cap of $14.37 billion, a price-to-earnings ratio of 31.28 and a beta of 1.25. The company has a debt-to-equity ratio of 1.78, a current ratio of 9.86 and a quick ratio of 2.22. The firm has a 50 day simple moving average of $100.77 and a 200 day simple moving average of $113.67. Entegris has a one year low of $85.92 and a one year high of $158.00.

Entegris (NASDAQ:ENTG – Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The semiconductor company reported $1.00 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 company had revenue of $692.50 million during the quarter, compared to the consensus estimate of $665.90 million. During the same period in the previous year, the company earned $0.85 EPS. Entegris’s revenue for the quarter was up 21.2% on a year-over-year basis. Research analysts predict that Entegris will post 4.23 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 3rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Tuesday, August 2nd. Entegris’s dividend payout ratio (DPR) is presently 11.83%.

Institutional Investors Weigh In On Entegris

A number of large investors have recently bought and sold shares of ENTG. UMB Bank N A MO acquired a new stake in Entegris in the fourth quarter worth $25,000. Cambridge Trust Co. grew its holdings in Entegris by 1,057.9% in the first quarter. Cambridge Trust Co. now owns 220 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 201 shares during the period. Industrial Alliance Investment Management Inc. acquired a new stake in Entegris in the fourth quarter worth $34,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Entegris in the fourth quarter worth $35,000. Finally, Tobam acquired a new stake in Entegris in the second quarter worth $38,000. 97.32% of the stock is currently owned by institutional investors and hedge funds.

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).