Entegris, Inc. (NASDAQ:ENTG – Get Rating) – Investment analysts at Seaport Res Ptn raised their Q2 2022 earnings per share estimates for shares of Entegris in a research note issued on Friday, April 29th. Seaport Res Ptn analyst M. Harrison now expects that the semiconductor company will earn $1.06 per share for the quarter, up from their prior estimate of $1.03. Seaport Res Ptn currently has a “Buy” rating on the stock. Seaport Res Ptn also issued estimates for Entegris’ Q3 2022 earnings at $1.10 EPS, Q4 2022 earnings at $1.13 EPS, FY2022 earnings at $4.35 EPS, Q1 2023 earnings at $1.19 EPS, Q2 2023 earnings at $1.21 EPS, Q3 2023 earnings at $1.25 EPS, Q4 2023 earnings at $1.29 EPS and FY2023 earnings at $4.94 EPS.
ENTG has been the topic of a number of other research reports. Stifel Nicolaus raised their price objective on Entegris from $180.00 to $186.00 in a report on Tuesday, April 26th. Zacks Investment Research downgraded Entegris from a “buy” rating to a “hold” rating in a research note on Friday. KeyCorp cut their price objective on Entegris from $183.00 to $150.00 in a research report on Wednesday, April 27th. Mizuho raised Entegris from a “neutral” rating to a “buy” rating and set a $158.00 price objective for the company in a research report on Wednesday, February 2nd. Finally, StockNews.com started coverage on Entegris in a research report on Thursday, March 31st. They set a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Entegris has an average rating of “Buy” and a consensus price target of $154.00.
Entegris (NASDAQ:ENTG – Get Rating) last released its quarterly earnings data on Tuesday, April 26th. The semiconductor company reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.07. Entegris had a return on equity of 31.17% and a net margin of 18.48%. The business had revenue of $649.65 million for the quarter, compared to analyst estimates of $640.85 million. During the same quarter in the prior year, the firm posted $0.70 EPS. The business’s quarterly revenue was up 26.7% compared to the same quarter last year.
Hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. increased its position in Entegris by 31.3% during the first quarter. Whittier Trust Co. now owns 390 shares of the semiconductor company’s stock worth $51,000 after buying an additional 93 shares during the period. SG Americas Securities LLC boosted its position in Entegris by 96.2% during the first quarter. SG Americas Securities LLC now owns 22,571 shares of the semiconductor company’s stock worth $2,963,000 after purchasing an additional 11,066 shares in the last quarter. Park Avenue Securities LLC boosted its position in Entegris by 10.6% during the first quarter. Park Avenue Securities LLC now owns 18,396 shares of the semiconductor company’s stock worth $2,415,000 after purchasing an additional 1,763 shares in the last quarter. FourThought Financial LLC lifted its position in Entegris by 1,408.9% during the first quarter. FourThought Financial LLC now owns 679 shares of the semiconductor company’s stock worth $89,000 after buying an additional 634 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in Entegris by 1.9% during the first quarter. Daiwa Securities Group Inc. now owns 9,693 shares of the semiconductor company’s stock worth $1,272,000 after buying an additional 182 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.
In related news, SVP Corey Rucci sold 2,130 shares of the business’s stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $140.00, for a total transaction of $298,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gregory B. Graves sold 12,142 shares of the business’s stock in a transaction that occurred on Thursday, March 31st. The stock was sold at an average price of $133.10, for a total value of $1,616,100.20. The disclosure for this sale can be found here. Insiders sold a total of 49,257 shares of company stock valued at $6,606,256 in the last quarter. Company insiders own 0.61% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 25th. Stockholders of record on Wednesday, May 4th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Tuesday, May 3rd. Entegris’s payout ratio is presently 12.12%.
Entegris Company Profile (Get Rating)
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: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).
- Get a free copy of the StockNews.com research report on Entegris (ENTG)
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