Deutsche Bank Aktiengesellschaft Cuts Entegris (NASDAQ:ENTG) Price Target to $145.00

Entegris (NASDAQ:ENTG) had its price objective lowered by equities research analysts at Deutsche Bank Aktiengesellschaft from $160.00 to $145.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 32.81% from the stock’s current price.

Several other equities analysts have also weighed in on the company. BMO Capital Markets cut their price target on Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday. Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price for the company in a research note on Thursday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $150.00 target price on shares of Entegris in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $146.80.

Entegris Stock Performance

Shares of ENTG traded down $9.11 during mid-day trading on Thursday, reaching $109.18. The company had a trading volume of 2,193,170 shares, compared to its average volume of 1,451,821. The stock has a 50 day moving average of $133.36 and a two-hundred day moving average of $131.88. The company has a quick ratio of 2.02, a current ratio of 3.35 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $16.46 billion, a P/E ratio of 52.91, a PEG ratio of 1.40 and a beta of 1.25. Entegris has a 52-week low of $84.13 and a 52-week high of $147.57.

Entegris (NASDAQ:ENTG) last posted its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.01. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The firm had revenue of $812.60 million during the quarter, compared to analysts’ expectations of $802.43 million. During the same period in the previous year, the business posted $0.66 EPS. The business’s revenue was down 9.8% compared to the same quarter last year. On average, analysts expect that Entegris will post 3.25 earnings per share for the current year.

Insider Buying and Selling at Entegris

In other news, SVP Olivier Blachier sold 1,986 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the sale, the senior vice president now owns 12,356 shares of the company’s stock, valued at $1,653,727.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Olivier Blachier sold 1,986 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total value of $265,806.24. Following the transaction, the senior vice president now owns 12,356 shares of the company’s stock, valued at $1,653,727.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James Anthony O’neill sold 6,761 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $133.50, for a total value of $902,593.50. Following the transaction, the senior vice president now directly owns 13,652 shares of the company’s stock, valued at $1,822,542. The disclosure for this sale can be found here. Insiders sold a total of 70,796 shares of company stock worth $9,870,921 in the last three months. 0.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Entegris

Several large investors have recently bought and sold shares of ENTG. Norges Bank acquired a new position in shares of Entegris in the 4th quarter valued at $278,727,000. Price T Rowe Associates Inc. MD raised its stake in shares of Entegris by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock worth $1,838,988,000 after purchasing an additional 916,420 shares during the last quarter. Jackson Square Partners LLC acquired a new stake in shares of Entegris during the fourth quarter worth $82,813,000. Assenagon Asset Management S.A. grew its position in Entegris by 1,626.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 354,507 shares of the semiconductor company’s stock valued at $49,822,000 after buying an additional 333,973 shares during the last quarter. Finally, Swedbank AB raised its position in Entegris by 520.3% during the 2nd quarter. Swedbank AB now owns 300,361 shares of the semiconductor company’s stock worth $40,669,000 after buying an additional 251,938 shares during the last quarter.

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).