Entegris (NASDAQ:ENTG) Given New $115.00 Price Target at UBS Group

Entegris (NASDAQ:ENTG) had its target price cut by stock analysts at UBS Group from $130.00 to $115.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. UBS Group’s price objective would indicate a potential upside of 13.79% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday. KeyCorp cut 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. BMO Capital Markets reduced their price target on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. Craig Hallum decreased their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $150.00 target price on shares of Entegris in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Entegris has a consensus rating of “Moderate Buy” and an average price target of $136.10.

Entegris Price Performance

Shares of NASDAQ:ENTG traded up $0.08 during trading on Tuesday, reaching $101.06. The stock had a trading volume of 1,249,468 shares, compared to its average volume of 1,640,051. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. The business’s 50-day moving average price is $109.13 and its 200 day moving average price is $121.10. The stock has a market capitalization of $15.26 billion, a PE ratio of 67.05, a P/E/G ratio of 1.45 and a beta of 1.24. Entegris has a 52 week low of $89.09 and a 52 week high of $147.57.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 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 firm had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. During the same quarter in the prior year, the company earned $0.68 earnings per share. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. As a group, equities analysts predict that Entegris will post 3.13 earnings per share for the current year.

Hedge Funds Weigh In On Entegris

Institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its position in Entegris by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock worth $1,838,988,000 after purchasing an additional 916,420 shares during the period. Assenagon Asset Management S.A. increased its holdings in Entegris by 1,076.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock valued at $103,903,000 after purchasing an additional 844,837 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Entegris by 130.8% during the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock worth $155,287,000 after purchasing an additional 781,955 shares during the last quarter. Swedbank AB lifted its holdings in Entegris by 249.7% in the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock worth $118,197,000 after acquiring an additional 750,000 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Entegris during the second quarter valued at approximately $42,087,000.

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).