Seaport Res Ptn Decreases Earnings Estimates for Entegris

Entegris, Inc. (NASDAQ:ENTG) – Investment analysts at Seaport Res Ptn dropped their FY2024 earnings estimates for Entegris in a report released on Tuesday, November 5th. Seaport Res Ptn analyst M. Harrison now forecasts that the semiconductor company will post earnings of $2.95 per share for the year, down from their prior forecast of $3.13. The consensus estimate for Entegris’ current full-year earnings is $3.13 per share. Seaport Res Ptn also issued estimates for Entegris’ Q4 2024 earnings at $0.78 EPS, Q1 2025 earnings at $0.78 EPS, Q3 2025 earnings at $0.99 EPS, Q4 2025 earnings at $1.06 EPS and FY2025 earnings at $3.69 EPS.

Entegris (NASDAQ:ENTG) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a return on equity of 12.37% and a net margin of 7.13%. The firm had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. During the same period in the previous year, the firm posted $0.68 earnings per share. The firm’s revenue was down 9.1% on a year-over-year basis.

Other analysts have also issued reports about the company. Citigroup decreased their price target on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday. Mizuho lowered their target price on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price target on shares of Entegris in a research report on Thursday, August 1st. BMO Capital Markets decreased their price target on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, KeyCorp dropped their price objective on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.40.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $108.21 on Wednesday. The company has a market cap of $16.34 billion, a P/E ratio of 71.66, a P/E/G ratio of 1.36 and a beta of 1.24. The business has a fifty day simple moving average of $108.64 and a 200-day simple moving average of $120.77. Entegris has a 52 week low of $90.24 and a 52 week high of $147.57. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ENTG. Price T Rowe Associates Inc. MD grew its stake in shares of Entegris by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock valued at $1,838,988,000 after buying an additional 916,420 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Entegris by 1,076.3% in the third quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock valued at $103,903,000 after acquiring an additional 844,837 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Entegris by 130.8% during the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock valued at $155,287,000 after purchasing an additional 781,955 shares during the period. Swedbank AB lifted its position in shares of Entegris by 249.7% during the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock worth $118,197,000 after purchasing an additional 750,000 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Entegris in the second quarter valued at $42,087,000.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.37%. Entegris’s dividend payout ratio is currently 26.49%.

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).