Q3 2024 EPS Estimates for Entegris, Inc. (NASDAQ:ENTG) Lowered by Analyst

Entegris, Inc. (NASDAQ:ENTG) – Equities research analysts at Seaport Res Ptn decreased their Q3 2024 EPS estimates for Entegris in a research note issued on Wednesday, July 31st. Seaport Res Ptn analyst M. Harrison now anticipates that the semiconductor company will post earnings of $0.80 per share for the quarter, down from their previous forecast of $0.90. The consensus estimate for Entegris’ current full-year earnings is $3.22 per share. Seaport Res Ptn also issued estimates for Entegris’ Q4 2024 earnings at $0.94 EPS, FY2024 earnings at $3.13 EPS, Q1 2025 earnings at $0.96 EPS and Q2 2025 earnings at $0.94 EPS.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets cut their target price on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. Mizuho upgraded shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target on the stock in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $150.00 target price on shares of Entegris in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Entegris presently has a consensus rating of “Moderate Buy” and an average price target of $146.80.

Entegris Trading Up 0.3 %

Shares of ENTG opened at $102.17 on Monday. The firm has a market cap of $15.43 billion, a P/E ratio of 49.12, a price-to-earnings-growth ratio of 1.27 and a beta of 1.25. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.02. Entegris has a 1 year low of $84.13 and a 1 year high of $147.57. The company has a 50 day simple moving average of $131.19 and a two-hundred day simple moving average of $131.70.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. The company had revenue of $812.60 million for the quarter, compared to analysts’ expectations of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. Entegris’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.66 EPS.

Institutional Investors Weigh In On Entegris

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Pier 88 Investment Partners LLC grew its holdings in Entegris by 96.4% in the second quarter. Pier 88 Investment Partners LLC now owns 9,370 shares of the semiconductor company’s stock worth $1,269,000 after purchasing an additional 4,600 shares during the last quarter. Caprock Group LLC grew its stake in Entegris by 26.2% during the 2nd quarter. Caprock Group LLC now owns 4,191 shares of the semiconductor company’s stock worth $567,000 after buying an additional 870 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Entegris during the 2nd quarter valued at about $276,000. Norden Group LLC raised its stake in Entegris by 5.4% in the second quarter. Norden Group LLC now owns 11,759 shares of the semiconductor company’s stock valued at $1,592,000 after buying an additional 606 shares during the last quarter. Finally, Torray Investment Partners LLC boosted its holdings in Entegris by 6.8% in the second quarter. Torray Investment Partners LLC now owns 14,847 shares of the semiconductor company’s stock worth $2,010,000 after acquiring an additional 947 shares in the last quarter.

Insider Activity

In other news, SVP Olivier Blachier sold 1,986 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $133.84, for a total transaction of $265,806.24. Following the transaction, the senior vice president now directly owns 12,356 shares in the company, valued at $1,653,727.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Olivier Blachier sold 1,986 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the completion of the sale, the senior vice president now directly owns 12,356 shares in the company, valued at approximately $1,653,727.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James Anthony O’neill sold 6,761 shares of Entegris stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $133.50, for a total value of $902,593.50. Following the completion of the transaction, the senior vice president now owns 13,652 shares in the company, valued at approximately $1,822,542. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,796 shares of company stock worth $9,870,921. 0.67% of the stock is currently owned by corporate insiders.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. Entegris’s dividend payout ratio is currently 19.23%.

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).