Q3 2024 Earnings Forecast for Entegris, Inc. Issued By Seaport Res Ptn (NASDAQ:ENTG)

Entegris, Inc. (NASDAQ:ENTG - Free Report) - Equities research analysts at Seaport Res Ptn increased their Q3 2024 earnings estimates for Entegris in a research report issued to clients and investors 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 previous 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.

A number of other research firms have also issued reports on ENTG. Craig Hallum raised Entegris from a "hold" rating to a "buy" rating and set a $150.00 target price on the stock in a report on Thursday, February 15th. Citigroup increased their target price on shares of Entegris from $117.00 to $134.00 and gave the company a "neutral" rating in a research note on Friday, February 16th. Needham & Company LLC restated a "buy" rating and issued a $150.00 price target on shares of Entegris in a research report on Wednesday, May 1st. Wolfe Research assumed coverage on Entegris in a research report on Friday, March 1st. They set an "outperform" rating and a $160.00 price objective for the company. Finally, The Goldman Sachs Group raised their price objective on Entegris from $104.00 to $147.00 and gave the stock a "buy" rating in a research note on Thursday, February 15th. One equities 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $141.91.

Entegris Price Performance

NASDAQ ENTG traded down $0.63 on Thursday, reaching $129.38. 1,234,089 shares of the stock traded hands, compared to its average volume of 1,407,601. Entegris has a 12 month low of $77.80 and a 12 month high of $146.91. The company has a quick ratio of 2.02, a current ratio of 3.35 and a debt-to-equity ratio of 1.22. The firm's fifty day simple moving average is $135.29 and its 200 day simple moving average is $120.27. The company has a market cap of $19.51 billion, a price-to-earnings ratio of 62.50 and a beta of 1.31.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.07. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The business had revenue of $771.03 million during the quarter, compared to analysts' expectations of $769.24 million. During the same period last year, the firm posted $0.65 earnings per share. The business's revenue was down 16.4% on a year-over-year basis.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors 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 is Tuesday, April 30th. Entegris's payout ratio is 19.23%.

Insider Buying and Selling

In other news, CAO Michael Sauer sold 1,897 shares of the company's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the transaction, the chief accounting officer now owns 1,779 shares in the company, valued at approximately $235,788.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction on Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the completion of the sale, the senior vice president now owns 42,931 shares of the company's stock, valued at $5,832,605.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Michael Sauer sold 1,897 shares of the business's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the transaction, the chief accounting officer now owns 1,779 shares in the company, valued at approximately $235,788.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,082 shares of company stock valued at $5,606,849. Corporate insiders own 0.67% of the company's stock.

Institutional Investors Weigh In On Entegris

Hedge funds and other institutional investors have recently made changes to their positions in the company. ORG Partners LLC bought a new position in Entegris during the first quarter valued at approximately $33,000. Trust Co. of Vermont acquired a new stake in shares of Entegris in the 4th quarter valued at $31,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Entegris in the fourth quarter worth $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 buying an additional 136 shares during the last quarter. Finally, Arlington Trust Co LLC bought a new position in Entegris during the fourth quarter valued at about $46,000.

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).