Deutsche Bank Aktiengesellschaft Cuts Entegris (NASDAQ:ENTG) Price Target to $115.00

Entegris (NASDAQ:ENTG) had its price target trimmed by Deutsche Bank Aktiengesellschaft from $145.00 to $115.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

Several other research firms also recently commented on ENTG. BMO Capital Markets reduced their price target on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 target price on shares of Entegris in a research report on Thursday, August 1st. Citigroup raised shares of Entegris from a “neutral” rating to a “buy” rating and lifted their price target for the company from $119.00 to $130.00 in a research note on Monday, September 16th. Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Thursday, August 1st. Finally, KeyCorp decreased their target price on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Entegris currently has an average rating of “Moderate Buy” and a consensus target price of $135.40.

Entegris Stock Up 3.0 %

Shares of NASDAQ:ENTG opened at $108.21 on Tuesday. The firm has a market capitalization of $16.34 billion, a PE ratio of 71.66, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24. The business has a 50 day simple moving average of $108.64 and a two-hundred day simple moving average of $120.77. Entegris has a 1 year low of $90.24 and a 1 year high of $147.57. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data 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 business had revenue of $807.70 million for the quarter, compared to analysts’ expectations of $832.44 million. During the same quarter in the previous year, the firm earned $0.68 EPS. Entegris’s revenue was down 9.1% compared to the same quarter last year. On average, equities analysts predict that Entegris will post 3.13 EPS for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Wednesday, October 30th. Entegris’s payout ratio is 26.49%.

Institutional Investors Weigh In On Entegris

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Entegris by 0.8% during the first quarter. Vanguard Group Inc. now owns 14,666,653 shares of the semiconductor company’s stock valued at $2,061,251,000 after buying an additional 112,638 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Entegris by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock valued at $1,838,988,000 after acquiring an additional 916,420 shares during the last quarter. Earnest Partners LLC boosted its stake in Entegris by 0.6% in the second quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company’s stock valued at $251,676,000 after acquiring an additional 11,692 shares in the last quarter. American Century Companies Inc. grew its holdings in Entegris by 20.2% in the second quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock worth $206,326,000 after purchasing an additional 256,186 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Entegris by 130.8% during the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock worth $155,287,000 after purchasing an additional 781,955 shares in the last quarter.

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).