Entegris (NASDAQ:ENTG) Price Target Lowered to $120.00 at Mizuho

Entegris (NASDAQ:ENTG) had its price objective reduced by analysts at Mizuho from $125.00 to $120.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the semiconductor company’s stock. Mizuho’s price objective suggests a potential upside of 15.93% from the stock’s current price.

ENTG has been the subject of several other reports. Craig Hallum reduced their price target on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. BMO Capital Markets decreased their price target on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. UBS Group cut their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Citigroup cut their price target on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. 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’s stock. According to MarketBeat.com, Entegris presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.90.

Entegris Stock Up 1.0 %

Entegris stock traded up $1.00 during midday trading on Tuesday, hitting $103.51. 418,237 shares of the company’s stock were exchanged, compared to its average volume of 1,512,516. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. The company has a market cap of $15.63 billion, a PE ratio of 68.55, a P/E/G ratio of 1.80 and a beta of 1.24. The firm has a 50-day moving average of $104.28 and a two-hundred day moving average of $112.62. Entegris has a 12 month low of $94.92 and a 12 month high of $147.57.

Entegris (NASDAQ:ENTG) last released 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). The business had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. Entegris’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 earnings per share. As a group, analysts expect that Entegris will post 2.99 earnings per share for the current fiscal year.

Institutional Trading of Entegris

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