Analysts Set Entegris, Inc. (NASDAQ:ENTG) PT at $135.40

Entegris, Inc. (NASDAQ:ENTG - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $135.40.

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Entegris from $145.00 to $115.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Mizuho decreased their price objective on shares of Entegris from $143.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th. UBS Group dropped their target price on shares of Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. BMO Capital Markets reduced their price target on shares of Entegris from $145.00 to $135.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. Finally, Craig Hallum lowered their price objective on shares of Entegris from $150.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, November 5th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Mountaineer Partners Management LLC increased its holdings 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 acquiring an additional 10,977,064 shares in the last quarter. Geode Capital Management LLC increased its stake in Entegris by 2.0% during 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 purchasing an additional 49,846 shares in the last quarter. Earnest Partners LLC raised its holdings in Entegris by 0.6% in the second quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company's stock worth $251,676,000 after buying an additional 11,692 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Entegris by 20.2% in the second quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company's stock worth $206,326,000 after buying an additional 256,186 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings 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 buying an additional 12,913 shares during the last quarter.

Entegris Trading Up 0.6 %

ENTG stock traded up $0.57 during midday trading on Wednesday, hitting $102.85. The company had a trading volume of 617,290 shares, compared to its average volume of 1,726,558. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. Entegris has a 52 week low of $94.92 and a 52 week high of $147.57. The stock has a market cap of $15.53 billion, a price-to-earnings ratio of 68.11, a PEG ratio of 1.80 and a beta of 1.24. The stock's 50 day moving average price is $104.89 and its 200 day moving average price is $114.74.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly 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). The firm had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. Entegris's revenue was down 9.1% on a year-over-year basis. During the same period last year, the business earned $0.68 EPS. As a group, equities research analysts expect that Entegris will post 2.99 earnings per share for the current fiscal 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 paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. Entegris's payout ratio is currently 26.49%.

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).