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

Posted by Defense World Staff on Oct 6th, 2023

Entegris, Inc. (NASDAQ:ENTG – Free Report) – Equities researchers at Seaport Res Ptn lowered their FY2023 earnings estimates for shares of Entegris in a report issued on Tuesday, October 3rd. Seaport Res Ptn analyst M. Harrison now forecasts that the semiconductor company will post earnings per share of $2.59 for the year, down from their previous forecast of $2.60. The consensus estimate for Entegris’ current full-year earnings is $2.60 per share. Seaport Res Ptn also issued estimates for Entegris’ FY2024 earnings at $3.25 EPS.

Several other equities analysts have also recently commented on the stock. BMO Capital Markets initiated coverage on shares of Entegris in a research note on Tuesday, June 20th. They set an “outperform” rating and a $129.00 target price on the stock. KeyCorp lowered their target price on shares of Entegris from $116.00 to $113.00 and set an “overweight” rating on the stock in a research note on Tuesday. Craig Hallum cut shares of Entegris from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. StockNews.com initiated coverage on shares of Entegris in a research note on Thursday. They set a “sell” rating on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Entegris in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Entegris presently has an average rating of “Moderate Buy” and a consensus price target of $107.10.

Get Our Latest Stock Report on ENTG

Entegris Stock Down 1.9 %

Entegris stock opened at $93.16 on Thursday. The stock has a market cap of $13.98 billion, a price-to-earnings ratio of 155.27, a PEG ratio of 3.98 and a beta of 1.26. The company has a current ratio of 4.59, a quick ratio of 3.45 and a debt-to-equity ratio of 1.64. The company’s 50-day moving average price is $97.02 and its two-hundred day moving average price is $94.70. Entegris has a 52 week low of $61.75 and a 52 week high of $114.47.

Entegris (NASDAQ:ENTG – Get Free Report) last issued its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.09. The firm had revenue of $901.00 million for the quarter, compared to the consensus estimate of $886.80 million. Entegris had a net margin of 2.48% and a return on equity of 13.99%. Entegris’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period last year, the firm posted $1.00 EPS.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 2nd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Tuesday, August 1st. Entegris’s dividend payout ratio (DPR) is currently 66.67%.

Insider Transactions at Entegris

In other news, SVP James Anthony O’neill sold 1,918 shares of Entegris stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $95.00, for a total value of $182,210.00. Following the transaction, the senior vice president now directly owns 13,670 shares of the company’s stock, valued at $1,298,650. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.81% of the stock is currently owned by insiders.

Institutional Trading of Entegris

Institutional investors have recently made changes to their positions in the stock. KB Financial Partners LLC acquired a new stake in shares of Entegris during the first quarter worth approximately $34,000. Arlington Partners LLC acquired a new stake in shares of Entegris during the second quarter worth approximately $37,000. Exchange Traded Concepts LLC boosted its holdings in shares of Entegris by 58.1% during the second quarter. Exchange Traded Concepts LLC now owns 351 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 129 shares during the period. Belpointe Asset Management LLC boosted its holdings in shares of Entegris by 51.1% during the first quarter. Belpointe Asset Management LLC now owns 485 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 164 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of Entegris by 341.7% during the first quarter. UMB Bank n.a. now owns 795 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 615 shares during the period.

Entegris Company Profile

(Get Free Report)

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 four segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); The Advanced Planarization Solutions (APS); and Advanced Materials Handling (AMH).