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KeyCorp Has Lowered Expectations for Entegris (NASDAQ:ENTG) Stock Price

Entegris logo with Computer and Technology background

Entegris (NASDAQ:ENTG - Get Free Report) had its price target decreased by KeyCorp from $117.00 to $112.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the semiconductor company's stock. KeyCorp's price objective suggests a potential upside of 29.89% from the company's current price.

A number of other brokerages have also commented on ENTG. UBS Group lowered their price objective on Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Citigroup reduced their target price on shares of Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Wall Street Zen downgraded shares of Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price objective on shares of Entegris in a research note on Tuesday, May 20th. Finally, The Goldman Sachs Group started coverage on shares of Entegris in a report on Thursday. They set a "neutral" rating and a $85.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $109.33.

Check Out Our Latest Research Report on ENTG

Entegris Price Performance

Shares of ENTG stock traded down $1.35 during trading hours on Monday, reaching $86.23. 1,646,784 shares of the company were exchanged, compared to its average volume of 3,375,237. Entegris has a fifty-two week low of $60.75 and a fifty-two week high of $147.40. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.26 and a quick ratio of 1.95. The stock's fifty day moving average is $78.52 and its two-hundred day moving average is $88.17. The company has a market cap of $13.06 billion, a price-to-earnings ratio of 42.27, a P/E/G ratio of 1.96 and a beta of 1.27.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.02). The company had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. Entegris had a return on equity of 12.48% and a net margin of 9.57%. The business's revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 EPS. Sell-side analysts forecast that Entegris will post 3.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new stake in shares of Entegris during the fourth quarter worth about $42,000. Sequoia Financial Advisors LLC lifted its stake in Entegris by 6.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company's stock valued at $246,000 after buying an additional 147 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Entegris by 74.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,448 shares of the semiconductor company's stock valued at $143,000 after buying an additional 617 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Entegris by 11.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 32,032 shares of the semiconductor company's stock valued at $3,185,000 after buying an additional 3,300 shares during the period. Finally, Natixis Advisors LLC increased its position in shares of Entegris by 11.4% during the fourth quarter. Natixis Advisors LLC now owns 284,807 shares of the semiconductor company's stock worth $28,213,000 after acquiring an additional 29,063 shares in the last quarter.

About Entegris

(Get Free Report)

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).

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Analyst Recommendations for Entegris (NASDAQ:ENTG)

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