Entegris (NASDAQ:ENTG) Price Target Lowered to $135.00 at BMO Capital Markets

Entegris (NASDAQ:ENTG - Get Free Report) had its price target dropped by research analysts at BMO Capital Markets from $145.00 to $135.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an "outperform" rating on the semiconductor company's stock. BMO Capital Markets' target price would suggest a potential upside of 30.92% from the company's current price.

Several other research firms also recently weighed in on ENTG. KeyCorp decreased their target price on Entegris from $164.00 to $154.00 and set an "overweight" rating on the stock in a research report on Tuesday. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Entegris from $145.00 to $115.00 and set a "buy" rating for the company in a report on Tuesday. Citigroup upgraded Entegris from a "neutral" rating to a "buy" rating and upped their price target for the company from $119.00 to $130.00 in a research report on Monday, September 16th. Needham & Company LLC reiterated a "buy" rating and set a $150.00 price objective on shares of Entegris in a research report on Thursday, August 1st. Finally, Craig Hallum dropped their target price on Entegris from $150.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Entegris has an average rating of "Moderate Buy" and an average price target of $136.10.

Entegris Price Performance

Shares of Entegris stock traded up $2.14 during trading hours on Tuesday, reaching $103.12. The stock had a trading volume of 2,788,982 shares, compared to its average volume of 1,647,469. The stock's 50 day moving average is $109.13 and its 200 day moving average is $121.10. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. Entegris has a twelve month low of $89.09 and a twelve month high of $147.57. The firm has a market capitalization of $15.57 billion, a PE ratio of 67.05, a PEG ratio of 1.45 and a beta of 1.24.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). Entegris had a return on equity of 12.03% and a net margin of 5.61%. The business had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. During the same period in the previous year, the company posted $0.68 EPS. The business's revenue for the quarter was down 9.1% compared to the same quarter last year. Equities analysts expect that Entegris will post 3.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ENTG. Innealta Capital LLC purchased a new position in Entegris during the 2nd quarter valued at about $26,000. Summit Securities Group LLC acquired a new stake in shares of Entegris in the second quarter valued at $27,000. Quarry LP purchased a new position in Entegris in the second quarter valued at $27,000. Capital Performance Advisors LLP acquired a new position in Entegris during the 3rd quarter worth $29,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Entegris during the 2nd quarter worth about $31,000.

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).