Dougherty & Co Analysts Raise Earnings Estimates for Entegris, Inc. (ENTG)
Entegris, Inc. (NASDAQ:ENTG) – Research analysts at Dougherty & Co raised their FY2018 earnings per share (EPS) estimates for shares of Entegris in a research report issued on Monday. Dougherty & Co analyst R. Ryan now forecasts that the semiconductor company will post earnings of $1.42 per share for the year, up from their previous forecast of $1.38. Dougherty & Co currently has a “Buy” rating and a $30.00 target price on the stock.
Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Entegris had a return on equity of 17.04% and a net margin of 9.63%. The business had revenue of $329.00 million during the quarter, compared to analyst estimates of $324.51 million. During the same quarter in the prior year, the company posted $0.28 EPS. Entegris’s quarterly revenue was up 8.5% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: “Dougherty & Co Analysts Raise Earnings Estimates for Entegris, Inc. (ENTG)” was posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/10/24/dougherty-co-analysts-raise-earnings-estimates-for-entegris-inc-entg.html.
Several other analysts also recently weighed in on the stock. Deutsche Bank AG initiated coverage on shares of Entegris in a research note on Wednesday, July 5th. They set a “hold” rating and a $24.00 price target for the company. BidaskClub raised shares of 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 price target on shares of Entegris in a research note on Saturday, September 16th. Zacks Investment Research raised shares of Entegris from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research note on Monday, July 31st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $29.00 price target (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 given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $29.40.
Entegris (ENTG) traded up 1.575% on Tuesday, hitting $30.625. The company’s stock had a trading volume of 367,736 shares. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 36.415 and a beta of 1.52. Entegris has a 12 month low of $14.73 and a 12 month high of $30.90. The firm has a 50 day moving average of $28.29 and a 200 day moving average of $25.37.
Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Entegris by 11.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,324 shares of the semiconductor company’s stock worth $117,000 after buying an additional 533 shares in the last quarter. FNY Partners Fund LP purchased a new position in Entegris in the first quarter worth $154,000. Seven Eight Capital LP purchased a new position in Entegris in the second quarter worth $149,000. Reliance Trust Co. of Delaware purchased a new position in Entegris in the third quarter worth $208,000. Finally, Balyasny Asset Management LLC purchased a new position in Entegris in the second quarter worth $243,000. 94.50% of the stock is owned by institutional investors.
In related news, CFO Gregory B. Graves sold 19,712 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $26.21, for a total value of $516,651.52. Following the completion of the transaction, the chief financial officer now owns 61,546 shares of the company’s stock, valued at $1,613,120.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Corey Rucci sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $26.25, for a total transaction of $393,750.00. Following the completion of the transaction, the vice president now directly owns 25,964 shares of the company’s stock, valued at approximately $681,555. The disclosure for this sale can be found here. Insiders sold 48,263 shares of company stock valued at $1,248,543 in the last three months. 1.70% of the stock is currently owned by insiders.
The firm also recently disclosed a special dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st will be paid a $0.07 dividend. The ex-dividend date is Tuesday, October 31st.
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).
Receive News & Ratings for Entegris Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris Inc. and related companies with MarketBeat.com's FREE daily email newsletter.