Mizuho Boosts Entegris (NASDAQ:ENTG) Price Target to $98.00

Entegris (NASDAQ:ENTG) had its price objective lifted by equities research analysts at Mizuho from $90.00 to $98.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the semiconductor company’s stock. Mizuho’s target price would suggest a potential upside of 12.01% from the stock’s previous close.

A number of other brokerages have also commented on ENTG. KeyCorp decreased their price target on shares of Entegris from $117.00 to $112.00 and set an “overweight” rating on the stock in a research note on Monday. Wall Street Zen downgraded Entegris from a “hold” rating to a “sell” rating in a research report on Saturday, April 19th. UBS Group lowered their target price on Entegris from $90.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Citigroup reduced their price target on Entegris from $125.00 to $102.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Finally, The Goldman Sachs Group initiated coverage on Entegris in a report on Thursday, July 10th. They issued a “neutral” rating and a $85.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $106.89.

Entegris Price Performance

NASDAQ:ENTG opened at $87.49 on Tuesday. The stock has a market capitalization of $13.25 billion, a PE ratio of 42.89, a P/E/G ratio of 1.96 and a beta of 1.27. Entegris has a 1-year low of $60.75 and a 1-year high of $144.15. The firm has a fifty day simple moving average of $78.84 and a 200 day simple moving average of $88.05. The company has a current ratio of 3.26, a quick ratio of 1.95 and a debt-to-equity ratio of 1.06.

Entegris (NASDAQ:ENTG) last issued its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). Entegris had a net margin of 9.57% and a return on equity of 12.48%. The firm had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. During the same period in the previous year, the company posted $0.68 earnings per share. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. On average, research analysts expect that Entegris will post 3.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Corient Private Wealth LLC boosted its stake in shares of Entegris by 1.1% in the 4th quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company’s stock valued at $1,175,000 after purchasing an additional 128 shares during the last quarter. Personal CFO Solutions LLC boosted its position in Entegris by 6.0% during the first quarter. Personal CFO Solutions LLC now owns 2,466 shares of the semiconductor company’s stock valued at $216,000 after acquiring an additional 140 shares during the last quarter. MAI Capital Management grew its holdings in Entegris by 19.7% during the 1st quarter. MAI Capital Management now owns 864 shares of the semiconductor company’s stock worth $76,000 after acquiring an additional 142 shares during the period. First Hawaiian Bank raised its position in shares of Entegris by 0.9% in the 1st quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company’s stock worth $1,381,000 after acquiring an additional 143 shares in the last quarter. Finally, HighPoint Advisor Group LLC lifted its stake in shares of Entegris by 4.3% in the 4th quarter. HighPoint Advisor Group LLC now owns 3,559 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 146 shares during the period.

Entegris Company Profile

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).