Entegris, Inc. (NASDAQ:ENTG) – Stock analysts at Dougherty & Co issued their Q4 2017 earnings estimates for Entegris in a research report issued on Monday. Dougherty & Co analyst R. Ryan forecasts that the semiconductor company will post earnings per share of $0.37 for the quarter. Dougherty & Co has a “Buy” rating and a $36.00 price objective on the stock.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.06. Entegris had a return on equity of 18.82% and a net margin of 10.73%. The company had revenue of $345.60 million during the quarter, compared to analysts’ expectations of $334.30 million. During the same period in the prior year, the company earned $0.24 EPS. Entegris’s revenue was up 16.5% compared to the same quarter last year.
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Several other research analysts have also recently weighed in on the company. Zacks Investment Research raised Entegris from a “hold” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research note on Thursday, October 19th. BidaskClub raised Entegris from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. KeyCorp reaffirmed an “outperform” rating and set a $30.00 target price on shares of Entegris in a research note on Saturday, September 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $29.00 target price on shares of Entegris in a research note on Tuesday, September 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $29.00 target price (up previously from $28.00) on shares of Entegris in a research note on Sunday, July 30th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Entegris presently has a consensus rating of “Buy” and an average target price of $32.10.
The business also recently announced a special dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.07 per share. The ex-dividend date is Tuesday, October 31st. Entegris’s dividend payout ratio is 7.22%.
In other news, Director Paul L. H. Olson sold 4,250 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $24.57, for a total transaction of $104,422.50. Following the completion of the sale, the director now directly owns 56,364 shares of the company’s stock, valued at $1,384,863.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert Nicholas Burns sold 4,901 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $24.51, for a total value of $120,123.51. Following the sale, the director now directly owns 51,272 shares of the company’s stock, valued at $1,256,676.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,651 shares of company stock valued at $708,491. 1.70% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in ENTG. BlackRock Inc. lifted its holdings in shares of Entegris by 26,099.4% during the first quarter. BlackRock Inc. now owns 9,885,824 shares of the semiconductor company’s stock valued at $231,328,000 after purchasing an additional 9,848,091 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in Entegris by 285.8% in the 2nd quarter. Eagle Asset Management Inc. now owns 2,324,644 shares of the semiconductor company’s stock worth $51,025,000 after acquiring an additional 1,722,099 shares in the last quarter. FMR LLC lifted its stake in Entegris by 169.6% in the 1st quarter. FMR LLC now owns 2,523,000 shares of the semiconductor company’s stock worth $59,038,000 after acquiring an additional 1,587,200 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in Entegris in the 3rd quarter worth about $23,700,000. Finally, Rothschild Asset Management Inc. purchased a new stake in Entegris in the 2nd quarter worth about $12,573,000. 95.35% of the stock is owned by institutional investors and hedge funds.
Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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