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

Entegris (NASDAQ:ENTG) had its target price upped by Mizuho from $140.00 to $143.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock.

A number of other brokerages have also issued reports on ENTG. Wolfe Research initiated coverage on shares of Entegris in a research report on Friday, March 1st. They set an outperform rating and a $160.00 target price on the stock. StockNews.com lowered shares of Entegris from a hold rating to a sell rating in a report on Thursday, February 22nd. UBS Group boosted their price target on shares of Entegris from $90.00 to $130.00 and gave the company a neutral rating in a report on Thursday, February 15th. KeyCorp boosted their price target on shares of Entegris from $136.00 to $164.00 and gave the company an overweight rating in a report on Thursday, February 15th. Finally, The Goldman Sachs Group boosted their price target on shares of Entegris from $104.00 to $147.00 and gave the company a buy rating in a report on Thursday, February 15th. One 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, Entegris presently has an average rating of Moderate Buy and a consensus target price of $141.91.

Entegris Price Performance

NASDAQ ENTG opened at $131.80 on Thursday. 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 capitalization of $19.87 billion, a PE ratio of 63.37 and a beta of 1.31. The company has a 50 day moving average price of $135.27 and a two-hundred day moving average price of $119.44. Entegris has a 12-month low of $72.96 and a 12-month high of $146.91.

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

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be paid a $0.10 dividend. The ex-dividend date 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 Michael Besnard sold 12,667 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $135.78, for a total transaction of $1,719,925.26. Following the sale, the senior vice president now owns 10,213 shares of the company’s stock, valued at approximately $1,386,721.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Entegris news, SVP Susan G. Rice sold 17,518 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the sale, the senior vice president now owns 42,931 shares of the company’s stock, valued at approximately $5,832,605.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Michael Besnard sold 12,667 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $135.78, for a total transaction of $1,719,925.26. Following the sale, the senior vice president now directly owns 10,213 shares in the company, valued at approximately $1,386,721.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,082 shares of company stock worth $5,606,849. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Entegris

A number of hedge funds have recently added to or reduced their stakes in the stock. Rehmann Capital Advisory Group grew its holdings in Entegris by 10.3% during the 1st quarter. Rehmann Capital Advisory Group now owns 2,762 shares of the semiconductor company’s stock worth $388,000 after acquiring an additional 259 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Entegris by 102.4% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,872 shares of the semiconductor company’s stock valued at $263,000 after purchasing an additional 947 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Entegris by 5.0% in the 1st quarter. Nordea Investment Management AB now owns 10,370 shares of the semiconductor company’s stock valued at $1,461,000 after purchasing an additional 492 shares during the last quarter. BNP Paribas bought a new position in shares of Entegris in the 1st quarter valued at about $1,647,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Entegris by 10.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,798 shares of the semiconductor company’s stock valued at $1,236,000 after purchasing an additional 867 shares during the last quarter.

About Entegris

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).