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

Key Points

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Entegris (NASDAQ:ENTG - Get Free Report) had its price target dropped by stock analysts at UBS Group from $95.00 to $90.00 in a report issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the semiconductor company's stock. UBS Group's price objective points to a potential upside of 12.85% from the company's previous close.

Other equities analysts have also issued reports about the stock. KeyCorp restated an "overweight" rating and set a $103.00 price target (down from $112.00) on shares of Entegris in a research report on Thursday. Needham & Company LLC restated a "buy" rating and issued a $100.00 price target on shares of Entegris in a research report on Tuesday, May 20th. Mizuho lifted their price objective on Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Citigroup dropped 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. Finally, The Goldman Sachs Group initiated coverage on shares of Entegris in a research report on Thursday, July 10th. They set a "neutral" rating and a $85.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Entegris presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.44.

Entegris Trading Up 0.5%

Shares of NASDAQ:ENTG traded up $0.42 on Thursday, hitting $79.76. 1,321,631 shares of the company's stock were exchanged, compared to its average volume of 3,338,013. Entegris has a 12 month low of $60.75 and a 12 month high of $119.95. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 39.01 and a beta of 1.27. The business's 50 day simple moving average is $81.27 and its two-hundred day simple moving average is $87.41. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.26 and a quick ratio of 1.95.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.65 by $0.01. Entegris had a return on equity of 12.48% and a net margin of 9.57%. The company had revenue of $792.40 million during the quarter, compared to analyst estimates of $753.85 million. During the same period in the previous year, the business earned $0.71 EPS. Entegris's quarterly revenue was down 2.5% on a year-over-year basis. Analysts anticipate that Entegris will post 3.51 EPS for the current fiscal year.

Insider Activity

In related news, SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total value of $326,430.00. Following the completion of the sale, the senior vice president owned 37,743 shares in the company, valued at approximately $3,396,870. The trade was a 8.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.67% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ENTG. LPL Financial LLC lifted its holdings in shares of Entegris by 36.0% in the 4th quarter. LPL Financial LLC now owns 98,123 shares of the semiconductor company's stock worth $9,720,000 after purchasing an additional 25,980 shares during the last quarter. Pictet Asset Management Holding SA grew its position in shares of Entegris by 1.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 58,435 shares of the semiconductor company's stock worth $5,789,000 after acquiring an additional 1,002 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Entegris by 19.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,433 shares of the semiconductor company's stock worth $1,033,000 after acquiring an additional 1,676 shares during the period. HighPoint Advisor Group LLC boosted its stake in Entegris by 4.3% during the 4th quarter. HighPoint Advisor Group LLC now owns 3,559 shares of the semiconductor company's stock valued at $376,000 after purchasing an additional 146 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Entegris by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 2,560,896 shares of the semiconductor company's stock worth $253,225,000 after buying an additional 22,948 shares in the last quarter.

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).

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