Entegris (NASDAQ:ENTG) Price Target Cut to $130.00 by Analysts at KeyCorp

Entegris (NASDAQ:ENTG) had its price objective trimmed by KeyCorp from $141.00 to $130.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the semiconductor company’s stock.

ENTG has been the topic of a number of other reports. Mizuho lowered their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and set a $120.00 price objective on shares of Entegris in a research report on Friday, February 7th. Finally, StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.50.

Entegris Stock Up 4.5 %

ENTG stock opened at $72.85 on Monday. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The company’s 50-day moving average price is $93.86 and its 200 day moving average price is $100.72. Entegris has a 52 week low of $60.75 and a 52 week high of $147.57. The company has a market cap of $11.02 billion, a P/E ratio of 37.75, a P/E/G ratio of 1.50 and a beta of 1.36.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. On average, research analysts expect that Entegris will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.55%. Entegris’s payout ratio is currently 20.73%.

Insider Buying and Selling

In related news, SVP Olivier Blachier sold 984 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the transaction, the senior vice president now owns 10,903 shares in the company, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the sale, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at $3,722,954.40. The trade was a 26.65 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Institutional Trading of Entegris

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in shares of Entegris by 44.2% during the 3rd quarter. Barclays PLC now owns 963,157 shares of the semiconductor company’s stock valued at $108,383,000 after buying an additional 295,358 shares during the period. Toronto Dominion Bank lifted its position in shares of Entegris by 30.5% during the third quarter. Toronto Dominion Bank now owns 19,392 shares of the semiconductor company’s stock worth $2,182,000 after purchasing an additional 4,536 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Entegris by 3.2% in the third quarter. M&T Bank Corp now owns 55,222 shares of the semiconductor company’s stock valued at $6,214,000 after purchasing an additional 1,697 shares during the period. Virtu Financial LLC purchased a new stake in Entegris during the 3rd quarter worth $782,000. Finally, Sanctuary Advisors LLC boosted its position in Entegris by 22.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 13,038 shares of the semiconductor company’s stock valued at $1,398,000 after buying an additional 2,356 shares during 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).