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

Entegris (NASDAQ:ENTG) had its price target lifted by investment analysts at Mizuho from $140.00 to $143.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. Mizuho’s price target points to a potential upside of 15.97% from the company’s previous close.

Several other research firms also recently weighed in on ENTG. StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. KeyCorp raised their target price 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. Wolfe Research assumed coverage on shares of Entegris in a report on Friday, March 1st. They issued an “outperform” rating and a $160.00 target price on the stock. Citigroup increased their price target on shares of Entegris from $117.00 to $134.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Finally, Needham & Company LLC reissued a “buy” rating and set a $150.00 price objective on shares of Entegris in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.91.

Entegris Trading Down 7.2 %

ENTG opened at $123.31 on Thursday. The business’s 50-day simple moving average is $135.68 and its 200-day simple moving average is $118.96. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.67 and a current ratio of 3.85. The company has a market cap of $18.59 billion, a P/E ratio of 103.62 and a beta of 1.31. Entegris has a one year low of $72.96 and a one year high of $146.91.

Entegris (NASDAQ:ENTG) last issued its earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The business had revenue of $812.30 million during the quarter, compared to analysts’ expectations of $780.95 million. During the same quarter in the prior year, the business posted $0.83 EPS. The company’s revenue for the quarter was down 14.1% on a year-over-year basis. As a group, equities research analysts expect that Entegris will post 3.27 EPS for the current fiscal year.

Insider Buying and Selling at Entegris

In other news, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the sale, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at approximately $235,788.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Michael Sauer sold 1,897 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the transaction, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at approximately $235,788.66. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Susan G. Rice sold 17,518 shares of the firm’s 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 completion of the sale, the senior vice president now owns 42,931 shares of the company’s stock, valued at approximately $5,832,605.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,082 shares of company stock valued at $5,606,849. 0.67% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Entegris

Several institutional investors have recently modified their holdings of ENTG. Janney Montgomery Scott LLC increased its stake in 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Entegris by 29.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 164,190 shares of the semiconductor company’s stock valued at $23,075,000 after buying an additional 37,214 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Entegris during the 1st quarter worth $203,000. Diversify Advisory Services LLC purchased a new position in Entegris during the 1st quarter valued at about $642,000. Finally, Private Advisor Group LLC increased its holdings in Entegris by 3.0% during the 1st quarter. Private Advisor Group LLC now owns 10,221 shares of the semiconductor company’s stock valued at $1,437,000 after acquiring an additional 299 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).