Citigroup Issues Pessimistic Forecast for Entegris (NASDAQ:ENTG) Stock Price

Entegris (NASDAQ:ENTG) had its price objective decreased by analysts at Citigroup from $130.00 to $123.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Citigroup’s price objective would indicate a potential upside of 17.18% from the company’s previous close.

Other research analysts also recently issued reports about the company. Mizuho reduced their target price on Entegris from $143.00 to $125.00 and set an “outperform” 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 report on Thursday, August 1st. UBS Group cut their price target on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday. Craig Hallum lowered their price objective on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Entegris presently has a consensus rating of “Moderate Buy” and an average price target of $135.40.

Entegris Stock Up 1.8 %

NASDAQ ENTG traded up $1.85 on Wednesday, hitting $104.97. The stock had a trading volume of 980,573 shares, compared to its average volume of 1,644,366. Entegris has a 52-week low of $90.24 and a 52-week high of $147.57. The business’s fifty day moving average price is $108.88 and its 200 day moving average price is $120.97. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. The stock has a market cap of $15.85 billion, a price-to-earnings ratio of 69.52, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The firm had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period last year, the firm earned $0.68 EPS. Equities research analysts anticipate that Entegris will post 3.13 earnings per share for the current year.

Hedge Funds Weigh In On Entegris

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CANADA LIFE ASSURANCE Co raised its position in shares of Entegris by 161.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company’s stock worth $15,135,000 after purchasing an additional 66,437 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of Entegris during the second quarter valued at $851,000. Cetera Investment Advisers increased its position in Entegris by 128.0% during the 1st quarter. Cetera Investment Advisers now owns 20,387 shares of the semiconductor company’s stock worth $2,865,000 after purchasing an additional 11,444 shares in the last quarter. SG Americas Securities LLC raised its stake in Entegris by 272.2% in the 1st quarter. SG Americas Securities LLC now owns 6,484 shares of the semiconductor company’s stock valued at $911,000 after purchasing an additional 4,742 shares during the last quarter. Finally, Swedbank AB raised its stake in Entegris by 520.3% in the 2nd quarter. Swedbank AB now owns 300,361 shares of the semiconductor company’s stock valued at $40,669,000 after purchasing an additional 251,938 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).