Entegris (NASDAQ:ENTG) Given New $125.00 Price Target at Mizuho

Entegris (NASDAQ:ENTG - Free Report) had its price objective reduced by Mizuho from $143.00 to $125.00 in a report published on Tuesday morning, Benzinga reports. Mizuho currently has an outperform rating on the semiconductor company's stock.

ENTG has been the topic of several other reports. Citigroup upgraded shares of Entegris from a "neutral" rating to a "buy" rating and raised their price objective for the company from $119.00 to $130.00 in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lowered 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. KeyCorp cut their target price on Entegris from $164.00 to $154.00 and set an "overweight" rating for the company in a research report on Tuesday. UBS Group lowered their price target on Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. One 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $136.10.

Entegris Stock Performance

Entegris stock traded up $2.14 during trading on Tuesday, reaching $103.12. The company had a trading volume of 2,788,982 shares, compared to its average volume of 1,647,469. The firm's 50-day simple moving average is $109.13 and its 200 day simple moving average is $121.10. Entegris has a 52 week low of $89.09 and a 52 week high of $147.57. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $15.57 billion, a price-to-earnings ratio of 67.05, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $807.70 million for the quarter, compared to analysts' expectations of $832.44 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The firm's quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 earnings per share. Sell-side analysts forecast that Entegris will post 3.13 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.39%. Entegris's dividend payout ratio (DPR) is currently 26.49%.

Institutional Trading of Entegris

A number of large investors have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co raised its position in Entegris by 161.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company's stock valued at $15,135,000 after purchasing an additional 66,437 shares during the period. Diversified Trust Co bought a new stake in Entegris in the second quarter worth $851,000. Cetera Investment Advisers lifted its position in Entegris by 128.0% in the first quarter. Cetera Investment Advisers now owns 20,387 shares of the semiconductor company's stock worth $2,865,000 after buying an additional 11,444 shares during the last quarter. SG Americas Securities LLC boosted its stake in Entegris by 272.2% during the first quarter. SG Americas Securities LLC now owns 6,484 shares of the semiconductor company's stock worth $911,000 after buying an additional 4,742 shares during the period. Finally, Swedbank AB increased its position in Entegris by 520.3% during the second quarter. Swedbank AB now owns 300,361 shares of the semiconductor company's stock valued at $40,669,000 after acquiring an additional 251,938 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).