UBS Group Cuts Entegris (NASDAQ:ENTG) Price Target to $90.00

Entegris (NASDAQ:ENTG) had its price target lowered by UBS Group from $115.00 to $90.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the semiconductor company’s stock.

A number of other analysts have also commented on the stock. KeyCorp cut their price objective on shares of Entegris from $141.00 to $130.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. StockNews.com cut shares of Entegris from a “hold” rating to a “sell” rating in a research report on Saturday, April 19th. Needham & Company LLC restated a “buy” rating and issued a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. Finally, Mizuho dropped their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Entegris presently has an average rating of “Moderate Buy” and an average target price of $120.38.

Entegris Price Performance

Shares of NASDAQ ENTG opened at $79.30 on Tuesday. The company has a fifty day moving average price of $85.37 and a 200 day moving average price of $97.59. The firm has a market cap of $12.00 billion, a PE ratio of 41.09, a PEG ratio of 1.50 and a beta of 1.36. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. Entegris has a 1-year low of $60.75 and a 1-year high of $147.57.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. Research analysts predict that Entegris will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.50%. Entegris’s dividend payout ratio is 20.73%.

Insider Transactions at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the stock in a transaction dated 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 directly owns 10,903 shares of the company’s stock, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction dated 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 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 corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Barclays PLC lifted its holdings in Entegris by 44.2% during the 3rd quarter. Barclays PLC now owns 963,157 shares of the semiconductor company’s stock worth $108,383,000 after purchasing an additional 295,358 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Entegris during the third quarter worth $782,000. Tidal Investments LLC boosted its position in shares of Entegris by 119.2% in the third quarter. Tidal Investments LLC now owns 42,780 shares of the semiconductor company’s stock valued at $4,814,000 after acquiring an additional 23,262 shares during the period. Synovus Financial Corp grew its stake in shares of Entegris by 102.3% in the third quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock valued at $4,305,000 after acquiring an additional 19,340 shares in the last quarter. Finally, Oddo BHF Asset Management Sas bought a new position in Entegris during the third quarter worth about $1,154,000.

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).