Entegris, Inc. (NASDAQ:ENTG) – Equities researchers at Dougherty & Co cut their Q3 2017 EPS estimates for shares of Entegris in a research note issued to investors on Monday. Dougherty & Co analyst R. Ryan now forecasts that the semiconductor company will earn $0.34 per share for the quarter, down from their prior forecast of $0.35. Dougherty & Co currently has a “Buy” rating and a $30.00 price target on the stock.

A number of other brokerages have also weighed in on ENTG. 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. BidaskClub lowered shares of Entegris from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. KeyCorp reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Entegris in a research note on Saturday, September 16th. Deutsche Bank AG started coverage on shares of Entegris in a research note on Wednesday, July 5th. They issued a “hold” rating and a $24.00 price target for the company. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $29.00 price target (up from $28.00) on shares of Entegris in a research note on Sunday, July 30th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $29.40.

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Shares of Entegris (NASDAQ:ENTG) opened at 30.35 on Wednesday. The stock’s 50 day moving average is $28.34 and its 200-day moving average is $25.42. Entegris has a 52-week low of $14.73 and a 52-week high of $30.90. The firm has a market capitalization of $4.30 billion, a P/E ratio of 36.09 and a beta of 1.52.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.05. Entegris had a net margin of 9.63% and a return on equity of 17.04%. The company had revenue of $329.00 million during the quarter, compared to the consensus estimate of $324.51 million. During the same period last year, the firm earned $0.28 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis.

The firm also recently announced a special dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, October 31st.

In other news, Director Robert Nicholas Burns sold 4,901 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $24.51, for a total transaction of $120,123.51. Following the sale, the director now owns 51,272 shares in the company, valued at $1,256,676.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul L. H. Olson sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $25.77, for a total transaction of $90,195.00. Following the sale, the director now owns 52,864 shares in the company, valued at approximately $1,362,305.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,363 shares of company stock valued at $1,225,143. Company insiders own 1.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Entegris during the third quarter valued at approximately $23,700,000. Nationwide Fund Advisors raised its holdings in shares of Entegris by 16.7% during the third quarter. Nationwide Fund Advisors now owns 223,129 shares of the semiconductor company’s stock valued at $6,437,000 after acquiring an additional 31,884 shares during the period. Reliance Trust Co. of Delaware acquired a new stake in shares of Entegris during the third quarter valued at approximately $208,000. Strs Ohio raised its holdings in shares of Entegris by 10.2% during the third quarter. Strs Ohio now owns 20,600 shares of the semiconductor company’s stock valued at $594,000 after acquiring an additional 1,900 shares during the period. Finally, Alpha Windward LLC acquired a new stake in shares of Entegris during the third quarter valued at approximately $561,000. Institutional investors and hedge funds own 94.50% of the company’s stock.

Entegris Company Profile

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).

Earnings History and Estimates for Entegris (NASDAQ:ENTG)

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