Entegris (NASDAQ:ENTG) Posts Earnings Results, Beats Expectations By $0.07 EPS

Entegris (NASDAQ:ENTG) posted its quarterly earnings data on Wednesday. The semiconductor company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07, Briefing.com reports. The firm had revenue of $771.03 million during the quarter, compared to analysts’ expectations of $769.24 million. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. Entegris updated its Q2 2024 guidance to 0.680-0.730 EPS and its Q2 guidance to $0.68 to $0.73 EPS.

Entegris Stock Performance

Entegris stock opened at $131.80 on Friday. Entegris has a 52 week low of $72.96 and a 52 week high of $146.91. The company has a current ratio of 3.35, a quick ratio of 2.67 and a debt-to-equity ratio of 1.22. The stock has a market cap of $19.87 billion, a P/E ratio of 63.37 and a beta of 1.31. The stock has a 50 day moving average of $135.27 and a 200-day moving average of $119.28.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. Entegris’s dividend payout ratio (DPR) is presently 19.23%.

Insider Buying and Selling

In other Entegris news, insider Daniel D. Woodland sold 9,000 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the completion of the transaction, the insider now directly owns 32,730 shares of the company’s stock, valued at approximately $4,565,835. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Entegris news, SVP Susan G. Rice sold 17,518 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $135.86, for a total value of $2,379,995.48. Following the sale, the senior vice president now owns 42,931 shares in the company, valued at $5,832,605.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel D. Woodland sold 9,000 shares of Entegris stock in a transaction on 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 in the company, valued at approximately $4,565,835. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,082 shares of company stock worth $5,606,849. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ENTG. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price target on shares of Entegris in a research note on Wednesday. The Goldman Sachs Group lifted their target price on Entegris from $104.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, February 15th. BMO Capital Markets upped their price target on Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. UBS Group lifted their price objective on Entegris from $90.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, KeyCorp increased 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Entegris presently has a consensus rating of “Moderate Buy” and an average price target of $141.91.

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).