KeyCorp Lowers Entegris (NASDAQ:ENTG) Price Target to $150.00

Entegris (NASDAQ:ENTG) had its price target decreased by equities research analysts at KeyCorp from $154.00 to $150.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the semiconductor company’s stock. KeyCorp’s price target would suggest a potential upside of 51.64% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Craig Hallum reduced their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Mizuho reduced their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. BMO Capital Markets lowered their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, UBS Group dropped their price target on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.50.

Entegris Price Performance

ENTG opened at $98.92 on Friday. Entegris has a 52-week low of $94.92 and a 52-week high of $147.57. The company has a 50 day moving average of $103.72 and a two-hundred day moving average of $111.83. The company has a market cap of $14.94 billion, a P/E ratio of 65.51, a P/E/G ratio of 1.76 and a beta of 1.23. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14.

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

Hedge Funds Weigh In On Entegris

Several institutional investors and hedge funds have recently added to or reduced their stakes in ENTG. Mountaineer Partners Management LLC raised its position in Entegris by 16,255.1% during the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock valued at $1,242,848,000 after buying an additional 10,977,064 shares during the period. Assenagon Asset Management S.A. grew its stake in Entegris by 1,076.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock valued at $103,903,000 after acquiring an additional 844,837 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Entegris by 130.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock valued at $155,287,000 after purchasing an additional 781,955 shares during the period. Swedbank AB lifted its position in shares of Entegris by 249.7% in the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock worth $118,197,000 after purchasing an additional 750,000 shares in the last quarter. Finally, D1 Capital Partners L.P. purchased a new stake in shares of Entegris in the third quarter worth approximately $72,143,000.

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).