Q3 2024 EPS Estimates for Entegris, Inc. Increased by Seaport Res Ptn (NASDAQ:ENTG)

Entegris, Inc. (NASDAQ:ENTG) – Equities researchers at Seaport Res Ptn boosted their Q3 2024 earnings per share (EPS) estimates for Entegris in a research note issued on Monday, May 6th. Seaport Res Ptn analyst M. Harrison now anticipates that the semiconductor company will post earnings of $0.90 per share for the quarter, up from their prior estimate of $0.87. The consensus estimate for Entegris’ current full-year earnings is $3.27 per share. Seaport Res Ptn also issued estimates for Entegris’ Q4 2024 earnings at $0.96 EPS, FY2024 earnings at $3.25 EPS and Q1 2025 earnings at $0.97 EPS.

A number of other brokerages have also commented on ENTG. Wolfe Research assumed coverage on Entegris in a research report on Friday, March 1st. They issued an “outperform” rating and a $160.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Wednesday, May 1st. Craig Hallum raised shares of Entegris from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Thursday, February 15th. BMO Capital Markets boosted their price target on shares of Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Finally, Mizuho raised their price objective on shares of Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $141.91.

Entegris Price Performance

ENTG opened at $130.01 on Thursday. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.35 and a quick ratio of 2.02. The stock has a market capitalization of $19.60 billion, a P/E ratio of 62.50 and a beta of 1.31. The company’s 50 day simple moving average is $135.29 and its 200-day simple moving average is $120.27. Entegris has a one year low of $76.93 and a one year high of $146.91.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The firm had revenue of $771.03 million for the quarter, compared to analyst estimates of $769.24 million. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The company’s revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS.

Institutional Trading of Entegris

Institutional investors have recently made changes to their positions in the business. Trust Co. of Vermont acquired a new stake in Entegris in the 4th quarter valued at $31,000. ORG Partners LLC bought a new stake in Entegris during the first quarter worth about $33,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Entegris during the fourth quarter valued at approximately $35,000. Quent Capital LLC grew its stake in Entegris by 59.1% in the fourth quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 136 shares in the last quarter. Finally, Arlington Trust Co LLC acquired a new position in shares of Entegris during the 4th quarter worth approximately $46,000.

Insider Transactions at Entegris

In other news, SVP Susan G. Rice sold 17,518 shares of the stock in a transaction on 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 $5,832,605.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Susan G. Rice sold 17,518 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the completion of the transaction, the senior vice president now directly owns 42,931 shares of the company’s stock, valued at $5,832,605.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction that occurred on Wednesday, February 21st. The shares were 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 in the company, valued at approximately $235,788.66. The disclosure for this sale can be found here. Insiders have sold a total of 41,082 shares of company stock valued at $5,606,849 over the last 90 days. 0.67% of the stock is owned by company insiders.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be issued a $0.10 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. Entegris’s dividend payout ratio (DPR) is currently 19.23%.

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).