Entegris (NASDAQ:ENTG) Given New $120.00 Price Target at Mizuho

Entegris (NASDAQ:ENTG) had its price target cut by Mizuho from $125.00 to $120.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the semiconductor company’s stock.

Other analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. BMO Capital Markets dropped their target price on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Craig Hallum cut their target price on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Citigroup lowered their price target on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, UBS Group cut their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.90.

Entegris Stock Down 1.4 %

ENTG stock opened at $101.03 on Tuesday. Entegris has a twelve month low of $94.92 and a twelve month high of $147.57. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The company has a market cap of $15.26 billion, a PE ratio of 66.91, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. The business’s 50-day simple moving average is $104.13 and its 200 day simple moving average is $112.39.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. Entegris’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 EPS. On average, research analysts anticipate that Entegris will post 2.99 earnings per share for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.40%. Entegris’s dividend payout ratio (DPR) is 26.49%.

Institutional Investors Weigh In On Entegris

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENTG. Mountaineer Partners Management LLC grew its stake in shares of Entegris by 16,255.1% during the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock valued at $1,242,848,000 after purchasing an additional 10,977,064 shares during the last quarter. Geode Capital Management LLC boosted its position in Entegris by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company’s stock valued at $284,941,000 after buying an additional 49,846 shares during the last quarter. Earnest Partners LLC increased its stake in shares of Entegris by 0.6% in the 2nd quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company’s stock valued at $251,676,000 after buying an additional 11,692 shares during the period. American Century Companies Inc. raised its position in shares of Entegris by 20.2% during the second quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock worth $206,326,000 after acquiring an additional 256,186 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Entegris by 0.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company’s stock valued at $169,206,000 after acquiring an additional 12,913 shares during the period.

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).