Seaport Res Ptn Reduces Earnings Estimates for Entegris

Entegris, Inc. (NASDAQ:ENTG) – Investment analysts at Seaport Res Ptn lowered their FY2024 earnings estimates for shares of Entegris in a research note issued on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now forecasts that the semiconductor company will earn $2.92 per share for the year, down from their previous estimate of $2.95. The consensus estimate for Entegris’ current full-year earnings is $2.95 per share. Seaport Res Ptn also issued estimates for Entegris’ Q4 2024 earnings at $0.76 EPS, Q1 2025 earnings at $0.76 EPS, Q2 2025 earnings at $0.83 EPS, Q3 2025 earnings at $0.96 EPS, Q4 2025 earnings at $1.04 EPS, FY2025 earnings at $3.58 EPS and FY2026 earnings at $4.53 EPS.

Entegris (NASDAQ:ENTG) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The company had revenue of $807.70 million for the quarter, compared to analysts’ expectations of $832.44 million. During the same quarter in the prior year, the company earned $0.68 EPS. The firm’s quarterly revenue was down 9.1% on a year-over-year basis.

A number of other brokerages have also weighed in on ENTG. KeyCorp dropped their price target on Entegris from $154.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. BMO Capital Markets dropped their target price on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. UBS Group lowered their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Finally, Craig Hallum cut their target price on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Entegris presently has a consensus rating of “Moderate Buy” and an average price target of $134.50.

Entegris Trading Up 0.4 %

NASDAQ:ENTG opened at $107.19 on Thursday. The stock has a market capitalization of $16.19 billion, a price-to-earnings ratio of 70.99, a PEG ratio of 1.43 and a beta of 1.24. Entegris has a 52 week low of $94.92 and a 52 week high of $147.57. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The firm has a 50 day moving average of $103.58 and a 200 day moving average of $110.00.

Institutional Trading of Entegris

Institutional investors have recently made changes to their positions in the company. James Hambro & Partners LLP purchased a new position in Entegris in the 4th quarter valued at $72,845,000. Blue Trust Inc. boosted its position in Entegris by 121.3% during the fourth quarter. Blue Trust Inc. now owns 768 shares of the semiconductor company’s stock worth $76,000 after acquiring an additional 421 shares during the last quarter. Fenimore Asset Management Inc grew its stake in Entegris by 1.2% during the 4th quarter. Fenimore Asset Management Inc now owns 505,182 shares of the semiconductor company’s stock valued at $50,043,000 after acquiring an additional 5,885 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Entegris by 8.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,159 shares of the semiconductor company’s stock valued at $1,105,000 after acquiring an additional 868 shares during the last quarter. Finally, Guinness Asset Management LTD lifted its stake in Entegris by 24.6% in the 4th quarter. Guinness Asset Management LTD now owns 5,079 shares of the semiconductor company’s stock worth $503,000 after purchasing an additional 1,002 shares in the last quarter.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Entegris’s payout ratio is currently 26.49%.

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).