Entegris, Inc. (NASDAQ:ENTG) Forecasted to Post Q3 2024 Earnings of $0.90 Per Share

Entegris, Inc. (NASDAQ:ENTG) – Investment analysts at Seaport Res Ptn upped their Q3 2024 earnings per share (EPS) estimates for Entegris in a report issued on Monday, May 6th. Seaport Res Ptn analyst M. Harrison now anticipates that the semiconductor company will earn $0.90 per share for the quarter, up from their prior forecast 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.

Several other brokerages have also recently weighed in on ENTG. Craig Hallum upgraded Entegris from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Thursday, February 15th. StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. BMO Capital Markets increased their price target on shares of Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. The Goldman Sachs Group raised their price target on shares of Entegris from $104.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, Wolfe Research assumed coverage on shares of Entegris in a research report on Friday, March 1st. They issued an “outperform” rating and a $160.00 price objective for the company. One investment 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. Based on data from MarketBeat, Entegris has an average rating of “Moderate Buy” and an average target price of $141.91.

Entegris Stock Performance

NASDAQ ENTG opened at $130.01 on Thursday. The firm has a market capitalization of $19.60 billion, a P/E ratio of 62.50 and a beta of 1.31. The stock has a 50-day simple moving average of $135.29 and a two-hundred day simple moving average of $120.27. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.02 and a current ratio of 3.35. Entegris has a fifty-two week low of $76.93 and a fifty-two week high of $146.91.

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

Institutional Trading of Entegris

Large investors have recently added to or reduced their stakes in the stock. Inspire Advisors LLC raised its position in shares of Entegris by 1.3% during the 1st quarter. Inspire Advisors LLC now owns 5,785 shares of the semiconductor company’s stock valued at $813,000 after buying an additional 77 shares during the period. Commerce Bank increased its stake in Entegris by 0.6% during the fourth quarter. Commerce Bank now owns 13,725 shares of the semiconductor company’s stock worth $1,645,000 after acquiring an additional 86 shares during the last quarter. Manchester Capital Management LLC raised its position in Entegris by 19.1% in the fourth 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 grew its holdings in shares of Entegris by 7.3% during the 4th quarter. Allworth Financial LP now owns 1,463 shares of the semiconductor company’s stock worth $175,000 after purchasing an additional 100 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Entegris by 5.3% during 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 last quarter.

Insider Buying and Selling

In other Entegris news, SVP Susan G. Rice sold 17,518 shares of Entegris 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 sale, the senior vice president now owns 42,931 shares of the company’s stock, valued at approximately $5,832,605.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Entegris news, SVP Susan G. Rice sold 17,518 shares of the stock in a transaction dated 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 completion of the sale, the senior vice president now owns 42,931 shares in the company, valued at approximately $5,832,605.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel D. Woodland sold 9,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 32,730 shares in the company, valued at $4,565,835. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,082 shares of company stock worth $5,606,849. Insiders own 0.67% of the company’s stock.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Tuesday, April 30th. Entegris’s dividend payout ratio is presently 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).