Entegris (NASDAQ:ENTG) Price Target Raised to $143.00 at Mizuho

Entegris (NASDAQ:ENTG) had its price objective lifted by Mizuho from $140.00 to $143.00 in a research report released on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the semiconductor company’s stock.

Other equities analysts have also issued research reports about the company. Wolfe Research initiated coverage on Entegris in a research report on Friday, March 1st. They set an outperform rating and a $160.00 price objective for the company. KeyCorp increased their price target on shares of Entegris from $136.00 to $164.00 and gave the stock an overweight rating in a research report on Thursday, February 15th. BMO Capital Markets increased their price objective on shares of Entegris from $130.00 to $160.00 and gave the stock an outperform rating in a research note on Friday, February 16th. Citigroup upped their target price on shares of Entegris from $117.00 to $134.00 and gave the stock a neutral rating in a research report on Friday, February 16th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $150.00 price target on shares of Entegris in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $141.91.

Entegris Stock Performance

Entegris stock traded up $5.20 during trading on Thursday, hitting $131.80. The stock had a trading volume of 1,600,512 shares, compared to its average volume of 1,376,751. The stock’s 50 day moving average is $135.27 and its two-hundred day moving average is $119.44. Entegris has a 1 year low of $72.96 and a 1 year high of $146.91. The company has a quick ratio of 2.67, a current ratio of 3.35 and a debt-to-equity ratio of 1.22. The stock has a market cap of $19.87 billion, a price-to-earnings ratio of 63.37 and a beta of 1.31.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The firm had revenue of $771.03 million for the quarter, compared to analyst estimates of $769.24 million. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 EPS. As a group, analysts predict that Entegris will post 3.27 EPS for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. Entegris’s dividend payout ratio is presently 19.23%.

Insider Activity

In other Entegris news, SVP Susan G. Rice sold 17,518 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $135.86, for a total value of $2,379,995.48. Following the sale, the senior vice president now directly owns 42,931 shares of the company’s stock, valued at $5,832,605.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the sale, the senior vice president now directly owns 42,931 shares in the company, valued at approximately $5,832,605.66. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Daniel D. Woodland sold 9,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the completion of the transaction, the insider now directly owns 32,730 shares in the company, valued at $4,565,835. The disclosure for this sale can be found here. Insiders have sold a total of 41,082 shares of company stock worth $5,606,849 over the last 90 days. 0.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Entegris

A number of institutional investors and hedge funds have recently modified their holdings of ENTG. Legacy Financial Group LLC acquired a new position in shares of Entegris in the 3rd quarter valued at $30,000. Trust Co. of Vermont acquired a new stake in shares of Entegris in the fourth quarter valued at approximately $31,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Entegris during the 4th quarter worth approximately $35,000. Quent Capital LLC lifted its stake in Entegris by 59.1% in the 4th quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 136 shares in the last quarter. Finally, Arlington Trust Co LLC acquired a new stake in Entegris during the 4th quarter valued at $46,000.

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).