BMO Capital Markets Lowers Entegris (NASDAQ:ENTG) Price Target to $135.00

Entegris (NASDAQ:ENTG) had its price objective reduced by BMO Capital Markets from $145.00 to $135.00 in a research note issued to investors on Tuesday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the semiconductor company’s stock.

Several other equities analysts have also recently weighed in on the company. Mizuho lowered their price target on Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday. UBS Group reduced their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday. Craig Hallum dropped their target price on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday. Citigroup raised shares of Entegris from a “neutral” rating to a “buy” rating and upped their price target for the company from $119.00 to $130.00 in a research report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.40.

Entegris Trading Down 2.9 %

Entegris stock opened at $105.03 on Tuesday. Entegris has a one year low of $90.24 and a one year high of $147.57. The business’s fifty day moving average is $108.42 and its 200 day moving average is $120.63. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. The stock has a market capitalization of $15.86 billion, a PE ratio of 69.56, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.37%. The company had revenue of $807.70 million for the quarter, compared to analysts’ expectations of $832.44 million. During the same period in the previous year, the business earned $0.68 EPS. The business’s revenue was down 9.1% compared to the same quarter last year. On average, sell-side analysts predict that Entegris will post 3.13 EPS for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Entegris’s payout ratio is 26.49%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in Entegris during the second quarter valued at about $26,000. Quarry LP purchased a new stake in shares of Entegris during the second quarter worth about $27,000. Summit Securities Group LLC bought a new stake in Entegris during the 2nd quarter valued at approximately $27,000. Opal Wealth Advisors LLC purchased a new position in Entegris in the 2nd quarter worth approximately $31,000. Finally, ORG Partners LLC bought a new position in Entegris in the 1st quarter worth approximately $33,000.

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).