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

Entegris (NASDAQ:ENTG) had its price target boosted by investment analysts at Mizuho from $140.00 to $143.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the semiconductor company’s stock. Mizuho’s price objective suggests a potential upside of 8.50% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. KeyCorp raised their price target on Entegris from $136.00 to $164.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Citigroup increased their price objective on shares of Entegris from $117.00 to $134.00 and gave the company a “neutral” rating in a report on Friday, February 16th. The Goldman Sachs Group boosted their target price on shares of Entegris from $104.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Craig Hallum raised shares of Entegris from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Thursday, February 15th. Finally, StockNews.com cut shares of Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. One 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. According to data from MarketBeat.com, Entegris presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.91.

Entegris Stock Performance

ENTG traded up $5.20 during trading on Thursday, hitting $131.80. The company’s stock had a trading volume of 1,600,512 shares, compared to its average volume of 1,376,751. The business’s 50 day simple moving average is $135.27 and its 200-day simple moving average is $119.28. The firm has a market cap of $19.87 billion, a PE ratio of 63.37 and a beta of 1.31. Entegris has a one year low of $72.96 and a one 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.

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

Insider Activity

In related news, insider Daniel D. Woodland sold 9,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $139.50, for a total value of $1,255,500.00. Following the completion of the sale, the insider now directly owns 32,730 shares in the company, valued at $4,565,835. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Daniel D. Woodland sold 9,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $139.50, for a total value of $1,255,500.00. Following the sale, the insider now directly owns 32,730 shares of the company’s stock, valued at approximately $4,565,835. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction 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 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 currently owned by insiders.

Institutional Trading of Entegris

A number of large investors have recently modified their holdings of ENTG. Commerce Bank increased its stake in shares of Entegris by 0.6% during the fourth quarter. Commerce Bank now owns 13,725 shares of the semiconductor company’s stock valued at $1,645,000 after buying an additional 86 shares during the period. Manchester Capital Management LLC increased its position in Entegris by 19.1% during the 4th quarter. Manchester Capital Management LLC now owns 599 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 96 shares during the period. Allworth Financial LP raised its holdings in shares of Entegris by 7.3% in the 4th quarter. Allworth Financial LP now owns 1,463 shares of the semiconductor company’s stock valued at $175,000 after purchasing an additional 100 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Entegris by 5.3% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,105 shares of the semiconductor company’s stock worth $253,000 after purchasing an additional 105 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Entegris by 14.6% during the first quarter. UMB Bank n.a. now owns 832 shares of the semiconductor company’s stock valued at $117,000 after purchasing an additional 106 shares in 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).