KeyCorp Lowers Entegris (NASDAQ:ENTG) Price Target to $150.00

Entegris (NASDAQ:ENTG) had its target price cut by equities research analysts at KeyCorp from $154.00 to $150.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the semiconductor company’s stock. KeyCorp’s target price indicates a potential upside of 52.50% from the stock’s current price.

Several other analysts have also issued reports on ENTG. UBS Group lowered their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Craig Hallum reduced their target price on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Citigroup dropped their price target on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Mizuho reduced their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company 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 assigned a buy rating to the company’s stock. According to MarketBeat, Entegris currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.50.

Entegris Trading Down 1.4 %

NASDAQ ENTG opened at $98.36 on Friday. The stock has a market capitalization of $14.85 billion, a price-to-earnings ratio of 65.14, a PEG ratio of 1.76 and a beta of 1.23. The business’s fifty day moving average is $103.88 and its 200-day moving average is $112.22. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. Entegris has a one year low of $94.92 and a one year high of $147.57.

Entegris (NASDAQ:ENTG) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The company had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The firm’s revenue was down 9.1% compared to the same quarter last year. Equities research analysts predict that Entegris will post 2.99 EPS for the current year.

Hedge Funds Weigh In On Entegris

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. National Bank of Canada FI grew its stake in shares of Entegris by 24.4% in the second quarter. National Bank of Canada FI now owns 704 shares of the semiconductor company’s stock worth $94,000 after acquiring an additional 138 shares during the period. Private Advisor Group LLC grew its holdings in shares of Entegris by 6.8% in the second quarter. Private Advisor Group LLC now owns 10,913 shares of the semiconductor company’s stock worth $1,478,000 after acquiring an additional 692 shares during the period. Acadian Asset Management LLC purchased a new stake in Entegris during the second quarter valued at $276,000. Choreo LLC bought a new position in Entegris in the second quarter valued at about $323,000. Finally, Daiwa Securities Group Inc. grew its stake in shares of Entegris by 2.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 12,795 shares of the semiconductor company’s stock valued at $1,732,000 after purchasing an additional 342 shares during the period.

Entegris Company Profile

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).