KeyCorp Cuts Entegris (NASDAQ:ENTG) Price Target to $141.00

Entegris (NASDAQ:ENTG) had its price objective cut by KeyCorp from $150.00 to $141.00 in a report released on Friday morning,Benzinga reports. They currently have an overweight rating on the semiconductor company’s stock.

Other analysts also recently issued reports about the company. Craig Hallum decreased their target price on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. 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. UBS Group reduced their target price on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Citigroup reduced their price objective on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $130.60.

Entegris Price Performance

ENTG stock opened at $106.52 on Friday. The stock has a market cap of $16.08 billion, a PE ratio of 55.19, a P/E/G ratio of 1.49 and a beta of 1.24. Entegris has a 12 month low of $94.92 and a 12 month high of $147.57. The company has a 50-day moving average price of $103.35 and a 200 day moving average price of $106.86. 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 earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 13.00% and a net margin of 9.03%. Equities research analysts anticipate that Entegris will post 3.63 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.38%. Entegris’s dividend payout ratio (DPR) is presently 20.73%.

Institutional Trading of Entegris

Several hedge funds have recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in shares of Entegris during the 3rd 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 lifted its holdings in shares of Entegris by 195.7% during the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 274 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Entegris in the 4th quarter worth $42,000. Finally, Covestor Ltd grew its stake in Entegris by 241.8% during the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock worth $47,000 after buying an additional 295 shares during 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).