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

Entegris (NASDAQ:ENTG) had its price objective cut by analysts at BMO Capital Markets from $145.00 to $135.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the semiconductor company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 33.58% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Mizuho reduced their price target on Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday. UBS Group cut their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday. Citigroup raised Entegris from a “neutral” rating to a “buy” rating and increased their target price for the stock from $119.00 to $130.00 in a research note on Monday, September 16th. Craig Hallum cut their target price on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $150.00 target price on shares of Entegris in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $136.10.

Entegris Trading Up 0.1 %

Shares of Entegris stock traded up $0.08 during midday trading on Tuesday, reaching $101.06. 1,249,468 shares of the company’s stock traded hands, compared to its average volume of 1,640,051. The company has a market cap of $15.26 billion, a PE ratio of 67.05, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24. The stock has a 50 day moving average of $109.13 and a 200-day moving average of $121.10. Entegris has a 12 month low of $89.09 and a 12 month high of $147.57. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. Entegris’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 earnings per share. As a group, equities analysts expect that Entegris will post 3.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Entegris

Institutional investors have recently modified their holdings of the business. CANADA LIFE ASSURANCE Co raised its stake in shares of Entegris by 161.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company’s stock worth $15,135,000 after buying an additional 66,437 shares during the period. Diversified Trust Co bought a new position in shares of Entegris in the second quarter worth about $851,000. Cetera Investment Advisers raised its stake in shares of 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 period. SG Americas Securities LLC raised its stake in Entegris by 272.2% during the 1st quarter. SG Americas Securities LLC now owns 6,484 shares of the semiconductor company’s stock valued at $911,000 after purchasing an additional 4,742 shares during the period. Finally, Swedbank AB raised its stake in Entegris by 520.3% during the 2nd quarter. Swedbank AB now owns 300,361 shares of the semiconductor company’s stock valued at $40,669,000 after purchasing an additional 251,938 shares during the period.

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).