The Goldman Sachs Group Begins Coverage on Entegris (NASDAQ:ENTG)

Research analysts at The Goldman Sachs Group initiated coverage on shares of Entegris (NASDAQ:ENTG - Get Free Report) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage set a "neutral" rating and a $85.00 price target on the semiconductor company's stock. The Goldman Sachs Group's target price would suggest a potential downside of 3.41% from the company's previous close.

Other research analysts have also issued reports about the company. Wall Street Zen lowered Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. Citigroup lowered their target price on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, May 8th. KeyCorp cut their price target on Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price objective on shares of Entegris in a research report on Tuesday, May 20th. Finally, UBS Group cut their target price on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $109.89.

Entegris Trading Up 1.2%

Shares of ENTG stock traded up $1.01 on Thursday, hitting $88.00. The company had a trading volume of 2,249,972 shares, compared to its average volume of 2,769,938. Entegris has a twelve month low of $60.75 and a twelve month high of $147.57. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.95 and a current ratio of 3.26. The firm has a market cap of $13.32 billion, a P/E ratio of 43.14, a P/E/G ratio of 1.95 and a beta of 1.27. The stock's 50-day moving average is $78.26 and its two-hundred day moving average is $88.57.

Entegris (NASDAQ:ENTG - Get Free Report) last released its 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 firm had revenue of $773.20 million for the quarter, compared to analyst estimates of $790.75 million. Entegris had a net margin of 9.57% and a return on equity of 12.48%. The business's revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. On average, equities research analysts anticipate that Entegris will post 3.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in Entegris during the 4th quarter worth $445,988,000. Principal Financial Group Inc. boosted its holdings in 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 purchasing an additional 3,520,997 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Entegris by 33.8% in the 4th 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 purchasing an additional 2,826,463 shares in the last quarter. D1 Capital Partners L.P. increased its stake in Entegris by 329.4% in the 4th quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock valued at $272,702,000 after buying an additional 2,111,801 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Entegris by 434.1% during the 4th quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company's stock worth $145,634,000 after buying an additional 1,194,903 shares in the last quarter.

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).