Needham & Company LLC Lowers Entegris (NASDAQ:ENTG) Price Target to $100.00

Entegris (NASDAQ:ENTG - Free Report) had its price target cut by Needham & Company LLC from $120.00 to $100.00 in a report released on Thursday,Benzinga reports. They currently have a buy rating on the semiconductor company's stock.

Several other research firms have also weighed in on ENTG. KeyCorp cut their target price on Entegris from $141.00 to $130.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. StockNews.com downgraded Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. Finally, UBS Group cut their price target on Entegris from $115.00 to $90.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $113.00.

Entegris Stock Up 1.3%

NASDAQ ENTG traded up $1.08 on Thursday, hitting $83.47. 1,960,161 shares of the stock traded hands, compared to its average volume of 2,434,085. The company has a market capitalization of $12.64 billion, a P/E ratio of 43.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The stock has a 50-day moving average of $82.64 and a 200 day moving average of $96.39. Entegris has a twelve month low of $60.75 and a twelve month high of $147.57. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08.

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

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris's dividend payout ratio is 19.61%.

Insider Activity at Entegris

In other Entegris news, SVP Olivier Blachier sold 984 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the transaction, the senior vice president now owns 10,903 shares of the company's stock, valued at $1,177,524. The trade was a 8.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is owned by company insiders.

Hedge Funds Weigh In On Entegris

A number of institutional investors have recently bought and sold shares of ENTG. Norges Bank bought a new stake in shares of Entegris during the fourth quarter worth approximately $445,988,000. Principal Financial Group Inc. increased its holdings in shares of Entegris by 235.8% during the first quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company's stock worth $438,642,000 after buying an additional 3,520,997 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Entegris by 33.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company's stock worth $1,108,940,000 after buying an additional 2,826,463 shares in the last quarter. D1 Capital Partners L.P. increased its holdings in shares of Entegris by 329.4% during the fourth quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock worth $272,702,000 after buying an additional 2,111,801 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in Entegris by 434.1% in the fourth quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company's stock valued at $145,634,000 after purchasing an additional 1,194,903 shares during the period.

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).