Q2 2024 EPS Estimates for Entegris, Inc. Decreased by Analyst (NASDAQ:ENTG)

Entegris, Inc. (NASDAQ:ENTG) – Research analysts at Seaport Res Ptn cut their Q2 2024 earnings per share estimates for shares of Entegris in a research note issued on Monday, May 6th. Seaport Res Ptn analyst M. Harrison now expects that the semiconductor company will post earnings per share of $0.71 for the quarter, down from their prior estimate 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.

Entegris (NASDAQ:ENTG) last issued 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. The business had revenue of $771.03 million during the quarter, compared to analysts’ expectations of $769.24 million. Entegris had a net margin of 9.31% and a return on equity of 11.94%. Entegris’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 earnings per share.

Other analysts have also issued research reports about the company. Mizuho raised their target price on Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. 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 research report on Thursday, February 15th. Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Wednesday, May 1st. Craig Hallum upgraded 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, UBS Group boosted their price target on Entegris from $90.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. One 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.91.

Entegris Trading Down 2.0 %

Shares of NASDAQ:ENTG opened at $130.01 on Wednesday. Entegris has a 52-week low of $76.93 and a 52-week high of $146.91. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.02 and a current ratio of 3.35. The company has a market cap of $19.60 billion, a P/E ratio of 62.51 and a beta of 1.31. The stock’s 50-day moving average is $135.29 and its 200-day moving average is $120.27.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Tuesday, April 30th. Entegris’s dividend payout ratio is currently 19.23%.

Insider Buying and Selling

In other Entegris news, CAO Michael Sauer sold 1,897 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were 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 of the company’s stock, valued at $235,788.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Entegris news, CAO Michael Sauer sold 1,897 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the sale, the chief accounting officer now owns 1,779 shares in the company, valued at $235,788.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael Besnard sold 12,667 shares of Entegris stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $135.78, for a total value of $1,719,925.26. Following the transaction, the senior vice president now owns 10,213 shares of the company’s stock, valued at $1,386,721.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,082 shares of company stock valued at $5,606,849. 0.67% of the stock is owned by company insiders.

Hedge Funds Weigh In On Entegris

Large investors have recently modified their holdings of the stock. Trust Co. of Vermont bought a new position in Entegris in the 4th quarter valued at about $31,000. ORG Partners LLC bought a new stake in shares of Entegris in the first quarter valued at about $33,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Entegris in the fourth quarter valued at about $35,000. Quent Capital LLC increased its position in Entegris by 59.1% during the fourth quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 136 shares during the period. Finally, Arlington Trust Co LLC acquired a new stake in Entegris in the 4th quarter worth about $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).