Entegris (NASDAQ:ENTG) Price Target Cut to $133.00 by Analysts at Craig Hallum

Entegris (NASDAQ:ENTGGet Rating) had its target price decreased by investment analysts at Craig Hallum from $175.00 to $133.00 in a research note issued to investors on Wednesday, The Fly reports. Craig Hallum’s price target would suggest a potential upside of 21.15% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Citigroup cut their target price on Entegris from $160.00 to $145.00 in a research note on Wednesday. Zacks Investment Research cut shares of Entegris from a “buy” rating to a “hold” rating in a research note on Tuesday, April 5th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, April 13th. Stifel Nicolaus lifted their price objective on shares of Entegris from $180.00 to $186.00 in a research note on Tuesday. Finally, Seaport Res Ptn upgraded shares of Entegris from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 18th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Entegris has a consensus rating of “Buy” and an average price target of $158.11.

ENTG stock opened at $109.78 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.21 and a current ratio of 3.47. The stock has a market capitalization of $14.91 billion, a price-to-earnings ratio of 36.59 and a beta of 1.11. Entegris has a 1 year low of $101.16 and a 1 year high of $158.00. The stock’s fifty day moving average is $123.86 and its two-hundred day moving average is $132.42.

Entegris (NASDAQ:ENTGGet Rating) last posted its earnings results on Tuesday, April 26th. The semiconductor company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.07. The company had revenue of $649.65 million for the quarter, compared to analysts’ expectations of $640.85 million. Entegris had a return on equity of 29.95% and a net margin of 17.80%. The firm’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same period last year, the business posted $0.70 earnings per share. As a group, analysts predict that Entegris will post 4.16 EPS for the current fiscal year.

In related news, CFO Gregory B. Graves sold 12,142 shares of Entegris stock in a transaction dated Thursday, March 31st. The stock was sold at an average price of $133.10, for a total value of $1,616,100.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Corey Rucci sold 2,130 shares of Entegris stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $140.00, for a total value of $298,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,257 shares of company stock worth $6,606,256. 0.61% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of ENTG. David J Yvars Group increased its stake in Entegris by 16,147.7% in the 4th quarter. David J Yvars Group now owns 11,407,640 shares of the semiconductor company’s stock worth $11,408,000 after purchasing an additional 11,337,429 shares in the last quarter. Norges Bank purchased a new position in Entegris in the 4th quarter worth about $191,734,000. BlackRock Inc. grew its stake in Entegris by 8.7% during the 4th quarter. BlackRock Inc. now owns 14,663,617 shares of the semiconductor company’s stock valued at $2,032,085,000 after acquiring an additional 1,179,462 shares in the last quarter. Marshall Wace LLP grew its stake in Entegris by 25,735.3% during the 4th quarter. Marshall Wace LLP now owns 813,294 shares of the semiconductor company’s stock valued at $112,707,000 after acquiring an additional 810,146 shares in the last quarter. Finally, State Street Corp grew its stake in Entegris by 39.2% during the 4th quarter. State Street Corp now owns 2,691,206 shares of the semiconductor company’s stock valued at $372,947,000 after acquiring an additional 758,545 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other 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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