Brokerages Set Entegris, Inc. (NASDAQ:ENTG) Price Target at $113.00

Shares of Entegris, Inc. (NASDAQ:ENTG - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $113.00.

Several brokerages recently issued reports on ENTG. Wall Street Zen cut Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. KeyCorp reduced their price objective on Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Citigroup reduced their price objective on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, May 8th. UBS Group reduced their price objective on Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price objective on shares of Entegris in a report on Tuesday, May 20th.

Entegris Price Performance

Shares of ENTG traded down $0.21 during mid-day trading on Friday, hitting $72.42. The company's stock had a trading volume of 3,594,676 shares, compared to its average volume of 2,529,056. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The firm has a 50-day simple moving average of $76.76 and a 200 day simple moving average of $93.84. The firm has a market capitalization of $10.96 billion, a P/E ratio of 37.52, a P/E/G ratio of 1.50 and a beta of 1.33. Entegris has a 1-year low of $60.75 and a 1-year high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.02). The business had revenue of $773.20 million during the quarter, compared to analyst estimates of $790.75 million. Entegris had a net margin of 9.03% and a return on equity of 12.83%. The firm's quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 earnings per share. Analysts predict that Entegris will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Wednesday, April 30th. Entegris's dividend payout ratio is currently 19.61%.

Institutional Investors Weigh In On Entegris

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC grew its position in shares of Entegris by 1.1% in the fourth quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company's stock valued at $1,175,000 after purchasing an additional 128 shares during the period. Torray Investment Partners LLC grew its position in shares of Entegris by 0.9% in the fourth quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company's stock valued at $1,512,000 after purchasing an additional 129 shares during the period. Metis Global Partners LLC grew its position in shares of Entegris by 7.1% in the fourth quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company's stock valued at $203,000 after purchasing an additional 135 shares during the period. Personal CFO Solutions LLC grew its position in shares of Entegris by 6.0% in the first quarter. Personal CFO Solutions LLC now owns 2,466 shares of the semiconductor company's stock valued at $216,000 after purchasing an additional 140 shares during the period. Finally, MAI Capital Management grew its position in shares of Entegris by 19.7% in the first quarter. MAI Capital Management now owns 864 shares of the semiconductor company's stock valued at $76,000 after purchasing an additional 142 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).