Entegris (NASDAQ:ENTG) Price Target Lowered to $150.00 at KeyCorp

Entegris (NASDAQ:ENTGGet Rating) had its target price decreased by stock analysts at KeyCorp from $183.00 to $150.00 in a research report issued to clients and investors on Wednesday, The Fly reports. KeyCorp’s price objective would indicate a potential upside of 36.64% from the stock’s current price.

Several other research firms have also recently commented on ENTG. Mizuho raised 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. Zacks Investment Research cut Entegris from a “buy” rating to a “hold” rating in a research report on Tuesday, April 5th. Craig Hallum dropped their target price on Entegris from $175.00 to $133.00 in a research report on Wednesday. Stifel Nicolaus raised their target price on Entegris from $180.00 to $186.00 in a research report on Tuesday. Finally, StockNews.com started coverage on Entegris in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Entegris currently has a consensus rating of “Buy” and an average target price of $158.11.

NASDAQ ENTG opened at $109.78 on Wednesday. Entegris has a 12 month low of $101.16 and a 12 month high of $158.00. The stock has a market cap of $14.91 billion, a P/E ratio of 36.59 and a beta of 1.11. The stock’s fifty day moving average price is $123.86 and its 200-day moving average price is $132.42. The company has a current ratio of 3.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.55.

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

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

Several institutional investors have recently bought and sold shares of ENTG. BlackRock Inc. boosted its holdings in shares of Entegris by 8.7% in the 4th quarter. BlackRock Inc. now owns 14,663,617 shares of the semiconductor company’s stock worth $2,032,085,000 after purchasing an additional 1,179,462 shares during the period. David J Yvars Group grew 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 acquiring an additional 11,337,429 shares in the last quarter. WCM Investment Management LLC increased its position in shares of Entegris by 4.9% during the fourth quarter. WCM Investment Management LLC now owns 2,870,052 shares of the semiconductor company’s stock worth $397,732,000 after acquiring an additional 134,672 shares during the period. Neuberger Berman Group LLC raised its stake in shares of Entegris by 29.9% during the third quarter. Neuberger Berman Group LLC now owns 2,699,967 shares of the semiconductor company’s stock valued at $339,245,000 after acquiring an additional 621,749 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Entegris by 39.2% in the fourth quarter. State Street Corp now owns 2,691,206 shares of the semiconductor company’s stock valued at $372,947,000 after purchasing an additional 758,545 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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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