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

Entegris, Inc. (NASDAQ:ENTG - Free Report) - Investment analysts at Seaport Res Ptn cut their Q2 2024 earnings per share (EPS) estimates for shares of Entegris in a research note issued on Monday, May 6th. Seaport Res Ptn analyst M. Harrison now forecasts that the semiconductor company will post earnings per share of $0.71 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 equities research analysts have also issued research reports about the company. Citigroup upped their target price on Entegris from $117.00 to $134.00 and gave the company a "neutral" rating in a research report on Friday, February 16th. KeyCorp raised their target price on shares of Entegris from $136.00 to $164.00 and gave the stock an "overweight" rating in a research note on Thursday, February 15th. BMO Capital Markets upped their price objective on shares of Entegris from $130.00 to $160.00 and gave the company an "outperform" rating in a report on Friday, February 16th. Wolfe Research initiated coverage on shares of Entegris in a report on Friday, March 1st. They issued an "outperform" rating and a $160.00 price objective on the stock. Finally, The Goldman Sachs Group increased their target price on shares of Entegris from $104.00 to $147.00 and gave the stock a "buy" rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Entegris has an average rating of "Moderate Buy" and a consensus target price of $141.91.

Entegris Stock Down 2.0 %

Entegris stock traded down $2.69 during trading hours on Wednesday, reaching $130.01. The stock had a trading volume of 1,538,172 shares, compared to its average volume of 1,409,550. Entegris has a 52 week low of $76.93 and a 52 week high of $146.91. The business's 50 day moving average price is $135.32 and its 200-day moving average price is $120.20. 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 company has a market cap of $19.60 billion, a price-to-earnings ratio of 63.80 and a beta of 1.31.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.07. The company had revenue of $771.03 million during 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 firm's revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS.

Entegris Dividend Announcement

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

Insider Transactions at Entegris

In related news, SVP Michael Besnard sold 12,667 shares of the stock in a transaction dated 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 completion of the sale, the senior vice president now directly owns 10,213 shares of the company's stock, valued at approximately $1,386,721.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Michael Besnard sold 12,667 shares of the firm's stock in a transaction dated 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 sale, the senior vice president now directly owns 10,213 shares of the company's stock, valued at $1,386,721.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction dated Friday, February 16th. The stock was 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 directly owns 42,931 shares in the company, valued at $5,832,605.66. The disclosure for this sale can be found here. Insiders sold a total of 41,082 shares of company stock valued at $5,606,849 over the last quarter. Company insiders own 0.67% of the company's stock.

Institutional Investors Weigh In On Entegris

Several large investors have recently made changes to their positions in the company. Norges Bank bought a new position in Entegris in the 4th quarter valued at $278,727,000. Gates Capital Management Inc. lifted its position in Entegris by 9,839.3% during the 3rd quarter. Gates Capital Management Inc. now owns 701,613 shares of the semiconductor company's stock worth $65,888,000 after buying an additional 694,554 shares in the last quarter. Jackson Square Partners LLC bought a new stake in Entegris during the 4th quarter worth about $82,813,000. Assenagon Asset Management S.A. increased its position in Entegris by 1,626.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 354,507 shares of the semiconductor company's stock valued at $49,822,000 after acquiring an additional 333,973 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Entegris by 48.1% in the third quarter. Envestnet Asset Management Inc. now owns 988,601 shares of the semiconductor company's stock worth $92,840,000 after acquiring an additional 321,146 shares during the last quarter.

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).