Analysts Issue Forecasts for Entegris, Inc.'s Q3 2024 Earnings (NASDAQ:ENTG)

Entegris, Inc. (NASDAQ:ENTG - Free Report) - Stock analysts at KeyCorp issued their Q3 2024 earnings estimates for shares of Entegris in a research report issued to clients and investors on Sunday, October 6th. KeyCorp analyst A. Yefremov anticipates that the semiconductor company will earn $0.80 per share for the quarter. The consensus estimate for Entegris' current full-year earnings is $3.14 per share. KeyCorp also issued estimates for Entegris' Q4 2024 earnings at $0.92 EPS, FY2024 earnings at $3.10 EPS, Q2 2025 earnings at $1.18 EPS, Q3 2025 earnings at $1.22 EPS and FY2025 earnings at $4.60 EPS.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.01. The business had revenue of $812.60 million during the quarter, compared to analysts' expectations of $802.43 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The firm's revenue was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 EPS.

Several other equities analysts have also recently commented on ENTG. Citigroup upgraded shares of Entegris from a "neutral" rating to a "buy" rating and upped their target price for the company from $119.00 to $130.00 in a research note on Monday, September 16th. Mizuho raised Entegris from a "neutral" rating to an "outperform" rating and set a $143.00 target price on the stock in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft cut their price target on Entegris from $160.00 to $145.00 and set a "buy" rating for the company in a report on Thursday, August 1st. Needham & Company LLC reissued a "buy" rating and set a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. Finally, BMO Capital Markets cut their target price on Entegris from $160.00 to $145.00 and set an "outperform" rating for the company in a research note on Thursday, August 1st. One 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 data from MarketBeat, Entegris currently has a consensus rating of "Moderate Buy" and an average target price of $146.40.

Entegris Stock Performance

Shares of ENTG stock traded down $0.15 during trading hours on Wednesday, reaching $109.91. 1,359,472 shares of the company's stock were exchanged, compared to its average volume of 1,601,734. The business has a fifty day moving average price of $110.50 and a 200-day moving average price of $125.30. The stock has a market capitalization of $16.57 billion, a P/E ratio of 52.84, a P/E/G ratio of 1.50 and a beta of 1.24. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18. Entegris has a fifty-two week low of $84.13 and a fifty-two week high of $147.57.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Personal CFO Solutions LLC lifted its stake in shares of Entegris by 27.3% during the fourth quarter. Personal CFO Solutions LLC now owns 2,961 shares of the semiconductor company's stock valued at $355,000 after acquiring an additional 635 shares during the period. Verition Fund Management LLC lifted its position in Entegris by 1,926.8% during the 4th quarter. Verition Fund Management LLC now owns 55,738 shares of the semiconductor company's stock valued at $6,679,000 after purchasing an additional 52,988 shares during the period. Cresset Asset Management LLC boosted its stake in shares of Entegris by 14.9% in the 4th quarter. Cresset Asset Management LLC now owns 98,238 shares of the semiconductor company's stock valued at $11,771,000 after purchasing an additional 12,769 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of Entegris by 99.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 349,368 shares of the semiconductor company's stock worth $41,861,000 after buying an additional 173,769 shares during the period. Finally, Icon Wealth Advisors LLC bought a new stake in shares of Entegris during the fourth quarter worth approximately $448,000.

Insider Activity at Entegris

In related news, insider Daniel D. Woodland sold 15,000 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $145.00, for a total transaction of $2,175,000.00. Following the sale, the insider now directly owns 37,457 shares in the company, valued at $5,431,265. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.67% of the stock is currently owned by insiders.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Wednesday, July 31st. Entegris's dividend payout ratio (DPR) 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).