Entegris (NASDAQ:ENTG) Price Target Cut to $130.00 by Analysts at KeyCorp

Entegris (NASDAQ:ENTG) had its price target reduced by analysts at KeyCorp from $141.00 to $130.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. KeyCorp’s target price points to a potential upside of 80.31% from the company’s previous close.

ENTG has been the subject of several other reports. StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research note on Friday, April 11th. Mizuho lowered their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.50.

Entegris Trading Down 1.0 %

Shares of NASDAQ:ENTG opened at $72.10 on Monday. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The firm has a market capitalization of $10.91 billion, a P/E ratio of 37.36, a P/E/G ratio of 1.50 and a beta of 1.36. The business’s 50-day moving average is $93.11 and its 200 day moving average is $100.53. Entegris has a 1 year low of $60.75 and a 1 year high of $147.57.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. On average, research analysts predict that Entegris will post 3.51 earnings per share for the current fiscal year.

Insider Activity at Entegris

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the transaction, the senior vice president now owns 34,820 shares in the company, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Olivier Blachier sold 984 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the sale, the senior vice president now owns 10,903 shares in the company, valued at $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Entegris by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company’s stock valued at $1,505,925,000 after purchasing an additional 169,180 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Entegris by 33.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company’s stock worth $1,108,940,000 after buying an additional 2,826,463 shares during the last quarter. Norges Bank purchased a new stake in Entegris during the 4th quarter worth approximately $445,988,000. D1 Capital Partners L.P. raised its holdings in shares of Entegris by 329.4% during the fourth quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company’s stock valued at $272,702,000 after acquiring an additional 2,111,801 shares during the last quarter. Finally, Cantillon Capital Management LLC lifted its position in shares of Entegris by 12.6% in the fourth quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company’s stock valued at $259,176,000 after acquiring an additional 291,893 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).