BMO Capital Markets Has Lowered Expectations for Entegris (NASDAQ:ENTG) Stock Price

Entegris (NASDAQ:ENTG) had its price objective reduced by investment analysts at BMO Capital Markets from $145.00 to $135.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the semiconductor company’s stock. BMO Capital Markets’ target price indicates a potential upside of 28.49% from the company’s previous close.

Several other research analysts also recently commented on the stock. Citigroup upgraded shares of Entegris from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $119.00 to $130.00 in a report on Monday, September 16th. Craig Hallum cut their target price on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday. Needham & Company LLC restated a “buy” rating and issued a $150.00 target price on shares of Entegris in a research note on Thursday, August 1st. Finally, UBS Group reduced their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Entegris has a consensus rating of “Moderate Buy” and a consensus target price of $135.40.

Entegris Trading Up 1.9 %

Shares of NASDAQ:ENTG opened at $105.07 on Tuesday. The firm has a fifty day moving average of $108.88 and a two-hundred day moving average of $120.97. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18. Entegris has a 12-month low of $90.24 and a 12-month high of $147.57. The firm has a market capitalization of $15.86 billion, a P/E ratio of 69.52, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a return on equity of 12.03% and a net margin of 5.61%. The business had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. During the same period in the prior year, the firm earned $0.68 earnings per share. The business’s revenue was down 9.1% on a year-over-year basis. On average, equities analysts expect that Entegris will post 3.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Entegris

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ENTG. Innealta Capital LLC acquired a new position in Entegris during the second quarter valued at approximately $26,000. Summit Securities Group LLC acquired a new stake in Entegris in the 2nd quarter valued at $27,000. Quarry LP acquired a new stake in shares of Entegris in the second quarter valued at about $27,000. Capital Performance Advisors LLP bought a new stake in shares of Entegris during the 3rd quarter worth approximately $29,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Entegris in the 2nd quarter valued at about $31,000.

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).