Entegris (NASDAQ:ENTG) Given New $150.00 Price Target at KeyCorp

Entegris (NASDAQ:ENTG) had its price target reduced by equities research analysts at KeyCorp from $154.00 to $150.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. KeyCorp’s price objective suggests a potential upside of 52.50% from the stock’s current price.

Several other brokerages have also recently issued reports on ENTG. BMO Capital Markets decreased their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Mizuho lowered their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday. Citigroup reduced their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, UBS Group reduced their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Entegris has an average rating of “Moderate Buy” and an average target price of $134.50.

Entegris Trading Down 1.4 %

Shares of NASDAQ:ENTG opened at $98.36 on Friday. The stock has a 50 day moving average of $103.88 and a 200 day moving average of $112.22. The company has a market cap of $14.85 billion, a PE ratio of 65.14, a price-to-earnings-growth ratio of 1.76 and a beta of 1.23. Entegris has a 12-month low of $94.92 and a 12-month high of $147.57. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 earnings per share. As a group, equities research analysts expect that Entegris will post 2.99 EPS for the current year.

Institutional Trading of Entegris

A number of hedge funds have recently modified their holdings of the stock. Quarry LP purchased a new position in Entegris in the 2nd quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Entegris in the third quarter worth approximately $29,000. Blue Trust Inc. increased its position in shares of Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 239 shares in the last quarter. Fortitude Family Office LLC boosted its stake in Entegris by 195.7% during the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 274 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of Entegris by 241.8% during the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock worth $47,000 after buying an additional 295 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).