Entegris (NASDAQ:ENTG) Price Target Lowered to $145.00 at Deutsche Bank Aktiengesellschaft

Entegris (NASDAQ:ENTGGet Rating) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $160.00 to $145.00 in a research note issued to investors on Wednesday morning, The Fly reports. They currently have a buy rating on the semiconductor company’s stock.

Other equities analysts have also recently issued reports about the stock. KeyCorp assumed coverage on shares of Entegris in a report on Tuesday, December 14th. They issued an overweight rating and a $183.00 target price on the stock. Seaport Res Ptn upgraded shares of Entegris from a neutral rating to a buy rating in a research report on Tuesday, January 18th. StockNews.com initiated coverage on shares of Entegris in a research report on Thursday, March 31st. They issued a hold rating on the stock. Zacks Investment Research lowered shares of Entegris from a buy rating to a hold rating in a research report on Tuesday, April 5th. Finally, Mizuho upgraded shares of Entegris from a neutral rating to a buy rating and set a $158.00 price objective on the stock in a research report on Wednesday, February 2nd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Entegris currently has an average rating of Buy and an average target price of $164.20.

Shares of Entegris stock opened at $113.70 on Wednesday. The firm’s fifty day simple moving average is $126.87 and its 200-day simple moving average is $132.99. The stock has a market capitalization of $15.45 billion, a price-to-earnings ratio of 37.90 and a beta of 1.11. Entegris has a 12 month low of $101.16 and a 12 month high of $158.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.47 and a quick ratio of 2.21.

Entegris (NASDAQ:ENTGGet Rating) last announced its earnings results on Tuesday, February 1st. The semiconductor company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.07. The business had revenue of $635.20 million for the quarter, compared to analysts’ expectations of $592.51 million. Entegris had a net margin of 17.80% and a return on equity of 29.95%. The company’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. Analysts anticipate that Entegris will post 4.16 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 23rd. Investors of record on Wednesday, February 2nd were paid a $0.10 dividend. This is an increase from Entegris’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, February 1st. This represents a $0.40 annualized dividend and a yield of 0.35%. Entegris’s payout ratio is presently 13.33%.

In related news, Director Paul L. H. Olson sold 1,000 shares of the business’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $120.35, for a total value of $120,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gregory B. Graves sold 12,142 shares of the company’s stock in a transaction dated Thursday, March 31st. The shares were sold at an average price of $133.10, for a total transaction of $1,616,100.20. The disclosure for this sale can be found here. Insiders sold a total of 49,257 shares of company stock valued at $6,606,256 in the last three months. 0.61% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Edmonds Duncan Registered Investment Advisors LLC increased its stake in shares of Entegris by 10.1% during the 1st quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 2,341 shares of the semiconductor company’s stock valued at $307,000 after acquiring an additional 214 shares during the last quarter. Fenimore Asset Management Inc. increased its stake in shares of Entegris by 0.3% during the 1st quarter. Fenimore Asset Management Inc. now owns 402,871 shares of the semiconductor company’s stock valued at $52,881,000 after acquiring an additional 1,162 shares during the last quarter. Sarasin & Partners LLP grew its holdings in shares of Entegris by 24.8% during the 1st quarter. Sarasin & Partners LLP now owns 316,023 shares of the semiconductor company’s stock worth $41,481,000 after purchasing an additional 62,867 shares during the period. Karp Capital Management Corp purchased a new stake in shares of Entegris during the 1st quarter worth about $238,000. Finally, DNB Asset Management AS grew its holdings in shares of Entegris by 6.7% during the 1st quarter. DNB Asset Management AS now owns 18,712 shares of the semiconductor company’s stock worth $2,456,000 after purchasing an additional 1,168 shares during the period. 98.45% of the stock is owned by institutional investors.

About Entegris (Get Rating)

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: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

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