Craig Hallum Has Lowered Expectations for Entegris (NASDAQ:ENTG) Stock Price

Entegris (NASDAQ:ENTG) had its price target decreased by investment analysts at Craig Hallum from $150.00 to $130.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Craig Hallum’s price target suggests a potential upside of 29.20% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 target price on shares of Entegris in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday. KeyCorp reduced their price target on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday. Citigroup upgraded shares of Entegris from a “neutral” rating to a “buy” rating and increased their price target for the company from $119.00 to $130.00 in a research report on Monday, September 16th. Finally, Mizuho upgraded shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $140.40.

Entegris Stock Down 0.4 %

Shares of Entegris stock traded down $0.36 during trading on Tuesday, reaching $100.62. 59,742 shares of the company traded hands, compared to its average volume of 1,634,715. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. Entegris has a 1-year low of $89.09 and a 1-year high of $147.57. The company has a 50 day moving average price of $109.36 and a 200-day moving average price of $121.28. The firm has a market capitalization of $15.19 billion, a PE ratio of 82.77, a P/E/G ratio of 1.45 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a net margin of 5.61% and a return on equity of 12.03%. The company had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. During the same quarter in the previous year, the firm earned $0.68 EPS. The firm’s revenue was down 9.1% on a year-over-year basis. As a group, equities research analysts expect that Entegris will post 3.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Inspire Advisors LLC raised its stake in shares of Entegris by 1.3% during the first quarter. Inspire Advisors LLC now owns 5,785 shares of the semiconductor company’s stock worth $813,000 after acquiring an additional 77 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Entegris by 5.9% in the second quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company’s stock worth $232,000 after purchasing an additional 90 shares during the last quarter. Bridges Investment Management Inc. grew its holdings in shares of Entegris by 3.6% in the third quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company’s stock worth $318,000 after purchasing an additional 98 shares during the last quarter. Everpar Advisors LLC grew its holdings in shares of Entegris by 6.5% in the second quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company’s stock worth $224,000 after purchasing an additional 101 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Entegris by 0.3% in the second quarter. Arizona State Retirement System now owns 41,406 shares of the semiconductor company’s stock worth $5,606,000 after purchasing an additional 105 shares during the last quarter.

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).