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

Entegris (NASDAQ:ENTG) had its price objective decreased by UBS Group from $90.00 to $85.00 in a report issued on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the semiconductor company’s stock.

ENTG has been the subject of several other research reports. KeyCorp decreased their price target on shares of Entegris from $130.00 to $117.00 and set an “overweight” rating for the company in a report on Thursday. StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a research note on Saturday, April 19th. Citigroup dropped their price target on Entegris from $125.00 to $102.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Needham & Company LLC decreased their price objective on Entegris from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Entegris presently has an average rating of “Moderate Buy” and a consensus target price of $113.00.

Entegris Trading Down 0.9 %

NASDAQ:ENTG opened at $76.36 on Thursday. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. Entegris has a 1-year low of $60.75 and a 1-year high of $147.57. The firm has a market capitalization of $11.55 billion, a price-to-earnings ratio of 39.56, a PEG ratio of 1.50 and a beta of 1.33. The business’s 50-day moving average price is $83.04 and its two-hundred day moving average price is $96.60.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). The firm had revenue of $773.20 million during the quarter, compared to analyst estimates of $790.75 million. Entegris had a net margin of 9.03% and a return on equity of 12.83%. The business’s revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. On average, equities analysts expect that Entegris will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Wednesday, April 30th. Entegris’s dividend payout ratio (DPR) is currently 20.73%.

Insider Transactions at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the transaction, the senior vice president now owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the sale, the senior vice president now owns 10,903 shares in the company, valued at $1,177,524. The trade was a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ENTG. CenterBook Partners LP boosted its holdings in shares of Entegris by 72.7% in the 1st quarter. CenterBook Partners LP now owns 33,453 shares of the semiconductor company’s stock valued at $2,926,000 after buying an additional 14,084 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Entegris in the first quarter valued at $2,461,000. Charles Schwab Investment Management Inc. grew its position in shares of Entegris by 3.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,123,961 shares of the semiconductor company’s stock valued at $98,324,000 after acquiring an additional 33,148 shares during the period. ASR Vermogensbeheer N.V. acquired a new position in shares of Entegris during the 1st quarter worth about $560,000. Finally, Vanguard Group Inc. raised its holdings in shares of Entegris by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 15,553,199 shares of the semiconductor company’s stock valued at $1,360,594,000 after purchasing an additional 351,053 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).