Entegris (NASDAQ:ENTG) Updates Q1 2024 Earnings Guidance

Entegris (NASDAQ:ENTG) updated its first quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.590-0.640 for the period, compared to the consensus EPS estimate of 0.620. The company issued revenue guidance of $755.0 million-$775.0 million, compared to the consensus revenue estimate of $786.6 million.

Entegris Stock Performance

NASDAQ:ENTG opened at $138.32 on Wednesday. The company has a quick ratio of 2.67, a current ratio of 3.85 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $20.85 billion, a PE ratio of 116.24 and a beta of 1.32. Entegris has a twelve month low of $69.37 and a twelve month high of $146.91. The stock’s 50-day simple moving average is $132.78 and its 200 day simple moving average is $113.43.

Entegris (NASDAQ:ENTG) last issued its earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The firm had revenue of $812.30 million for the quarter, compared to analyst estimates of $780.95 million. During the same quarter last year, the business posted $0.83 earnings per share. The company’s quarterly revenue was down 14.1% on a year-over-year basis. On average, analysts anticipate that Entegris will post 3.31 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, January 31st were issued a $0.10 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. Entegris’s dividend payout ratio (DPR) is presently 33.61%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Entegris from $104.00 to $147.00 and gave the company a buy rating in a research note on Thursday, February 15th. Citigroup raised their price objective on Entegris from $117.00 to $134.00 and gave the stock a neutral rating in a research report on Friday, February 16th. UBS Group upped their target price on Entegris from $90.00 to $130.00 and gave the company a neutral rating in a report on Thursday, February 15th. Wolfe Research assumed coverage on shares of Entegris in a report on Friday, March 1st. They set an outperform rating and a $160.00 price target for the company. Finally, BMO Capital Markets boosted their price target on shares of Entegris from $130.00 to $160.00 and gave the stock an outperform rating in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Entegris has a consensus rating of Moderate Buy and an average price target of $141.64.

Insider Activity

In other news, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the sale, the chief accounting officer now directly owns 1,779 shares in the company, valued at approximately $235,788.66. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Daniel D. Woodland sold 9,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the transaction, the insider now owns 32,730 shares in the company, valued at approximately $4,565,835. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,082 shares of company stock worth $5,606,849. Company insiders own 0.67% of the company’s stock.

Institutional Trading of Entegris

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. KB Financial Partners LLC purchased a new position in shares of Entegris during the first quarter valued at approximately $34,000. Belpointe Asset Management LLC boosted its holdings in Entegris by 51.1% during the 1st quarter. Belpointe Asset Management LLC now owns 485 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 164 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Entegris by 31.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 818 shares of the semiconductor company’s stock valued at $98,000 after purchasing an additional 198 shares during the last quarter. Stonebridge Capital Advisors LLC raised its holdings in shares of Entegris by 3,909.1% in the first quarter. Stonebridge Capital Advisors LLC now owns 882 shares of the semiconductor company’s stock valued at $116,000 after purchasing an additional 860 shares during the last quarter. Finally, UniSuper Management Pty Ltd bought a new position in shares of Entegris during the second quarter valued at about $122,000.

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).