Entegris (NASDAQ:ENTG) Given New $115.00 Price Target at Deutsche Bank Aktiengesellschaft

Entegris (NASDAQ:ENTG - Get Free Report) had its price objective lowered by analysts at Deutsche Bank Aktiengesellschaft from $145.00 to $115.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a "buy" rating on the semiconductor company's stock. Deutsche Bank Aktiengesellschaft's target price suggests a potential upside of 11.52% from the stock's previous close.

Several other brokerages have also weighed in on ENTG. Mizuho raised shares of Entegris from a "neutral" rating to an "outperform" rating and set a $143.00 price objective on the stock in a research report on Thursday, August 1st. BMO Capital Markets reduced their price target on shares of Entegris from $160.00 to $145.00 and set an "outperform" rating for the company in a research report on Thursday, August 1st. 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. KeyCorp decreased their price objective on shares of Entegris from $164.00 to $154.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, 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 note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, 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 midday 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 company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $15.57 billion, a price-to-earnings ratio of 68.29, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24. The stock has a fifty day simple moving average of $109.13 and a 200 day simple moving average of $121.10. Entegris has a 1-year low of $89.09 and a 1-year high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. During the same period in the previous year, the business posted $0.68 earnings per share. Entegris's revenue was down 9.1% compared to the same quarter last year. As a group, equities research analysts forecast that Entegris will post 3.13 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ENTG. Innealta Capital LLC acquired a new position in Entegris during the 2nd quarter worth approximately $26,000. Quarry LP purchased a new position in shares of Entegris in the 2nd quarter worth $27,000. Summit Securities Group LLC purchased a new position in shares of Entegris in the 2nd quarter worth $27,000. Opal Wealth Advisors LLC acquired a new stake in Entegris in the 2nd quarter valued at $31,000. Finally, ORG Partners LLC acquired a new stake in Entegris in the 1st quarter valued at $33,000.

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).