Entegris (NASDAQ:ENTG) Posts Earnings Results, Beats Estimates By $0.07 EPS

Entegris (NASDAQ:ENTG) posted its earnings results on Wednesday. The semiconductor company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07, Briefing.com reports. The firm had revenue of $771.03 million during the quarter, compared to analysts’ expectations of $769.24 million. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 earnings per share. Entegris updated its Q2 2024 guidance to 0.680-0.730 EPS and its Q2 guidance to $0.68 to $0.73 EPS.

Entegris Trading Up 2.7 %

Shares of ENTG stock traded up $3.29 during trading hours on Thursday, hitting $126.60. 1,320,865 shares of the company were exchanged, compared to its average volume of 1,410,421. The firm has a market cap of $19.08 billion, a P/E ratio of 103.62 and a beta of 1.31. Entegris has a fifty-two week low of $72.96 and a fifty-two week high of $146.91. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.67 and a current ratio of 3.85. The company has a 50 day simple moving average of $135.46 and a two-hundred day simple moving average of $118.99.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Tuesday, April 30th. Entegris’s dividend payout ratio (DPR) is 33.61%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ENTG. BMO Capital Markets raised their price objective on shares of Entegris from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, February 16th. UBS Group increased their target price on shares of Entegris from $90.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Needham & Company LLC reissued a “buy” rating and set a $150.00 target price on shares of Entegris in a research report on Wednesday. Craig Hallum raised shares of Entegris from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Thursday, February 15th. Finally, KeyCorp increased their target price on shares of Entegris from $136.00 to $164.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.91.

Insider Transactions at Entegris

In other news, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the sale, the chief accounting officer now owns 1,779 shares of the company’s stock, valued at approximately $235,788.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the sale, the chief accounting officer now directly owns 1,779 shares in the company, valued at approximately $235,788.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael Besnard sold 12,667 shares of Entegris stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $135.78, for a total value of $1,719,925.26. Following the completion of the sale, the senior vice president now directly owns 10,213 shares of the company’s stock, valued at approximately $1,386,721.14. The disclosure for this sale can be found here. Insiders sold a total of 41,082 shares of company stock valued at $5,606,849 in the last quarter. 0.67% of the stock is currently owned by company insiders.

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).