Seaport Res Ptn Equities Analysts Cut Earnings Estimates for Entegris, Inc. (NASDAQ:ENTG)

Entegris, Inc. (NASDAQ:ENTG) – Seaport Res Ptn lowered their Q2 2024 EPS estimates for Entegris in a research report issued on Monday, May 6th. Seaport Res Ptn analyst M. Harrison now anticipates that the semiconductor company will earn $0.71 per share for the quarter, down from their previous forecast of $0.76. The consensus estimate for Entegris’ current full-year earnings is $3.27 per share. Seaport Res Ptn also issued estimates for Entegris’ Q2 2025 earnings at $0.92 EPS.

Other analysts have also issued research reports about the stock. UBS Group increased their price objective on shares of Entegris from $90.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Mizuho increased their price target on Entegris from $140.00 to $143.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. KeyCorp increased their price target on Entegris from $136.00 to $164.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Craig Hallum raised Entegris from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Thursday, February 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price target on shares of Entegris in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, Entegris has a consensus rating of “Moderate Buy” and a consensus target price of $141.91.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $129.38 on Wednesday. Entegris has a twelve month low of $77.80 and a twelve month high of $146.91. The company has a current ratio of 3.35, a quick ratio of 2.02 and a debt-to-equity ratio of 1.22. The company has a market cap of $19.51 billion, a PE ratio of 62.20 and a beta of 1.31. The company’s 50 day moving average is $135.19 and its 200 day moving average is $120.34.

Entegris (NASDAQ:ENTG) last issued its earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $769.24 million. During the same quarter last year, the business posted $0.65 EPS. The firm’s quarterly revenue was down 16.4% on a year-over-year basis.

Entegris Dividend Announcement

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

Insider Activity

In other news, 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 sale, the chief accounting officer now directly owns 1,779 shares in the company, valued at approximately $235,788.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Daniel D. Woodland sold 9,000 shares of the firm’s 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 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the transaction, the chief accounting officer now directly owns 1,779 shares in the company, valued at $235,788.66. The disclosure for this sale can be found here. Insiders have sold 41,082 shares of company stock worth $5,606,849 in the last ninety days. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ENTG. Trust Co. of Vermont purchased a new position in Entegris in the 4th quarter worth approximately $31,000. ORG Partners LLC purchased a new position in Entegris in the 1st quarter worth approximately $33,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Entegris in the 4th quarter worth approximately $35,000. Quent Capital LLC lifted its stake in Entegris by 59.1% in the 4th quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 136 shares in the last quarter. Finally, Arlington Trust Co LLC purchased a new position in Entegris in the 4th quarter worth approximately $46,000.

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).