FY2017 Earnings Estimate for Entegris, Inc. Issued By KeyCorp (ENTG)
Entegris, Inc. (NASDAQ:ENTG) – Investment analysts at KeyCorp upped their FY2017 earnings per share estimates for shares of Entegris in a research report issued to clients and investors on Thursday. KeyCorp analyst W. Twigg now forecasts that the semiconductor company will post earnings of $1.40 per share for the year, up from their prior forecast of $1.29. KeyCorp currently has a “Outperform” rating and a $30.00 target price on the stock. KeyCorp also issued estimates for Entegris’ Q4 2017 earnings at $0.38 EPS, Q1 2018 earnings at $0.39 EPS, Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.41 EPS, Q4 2018 earnings at $0.44 EPS and FY2018 earnings at $1.65 EPS.
Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, October 26th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.06. The firm had revenue of $345.60 million for the quarter, compared to the consensus estimate of $334.30 million. Entegris had a return on equity of 18.82% and a net margin of 10.73%. The business’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.24 earnings per share.
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Several other research analysts have also recently weighed in on the stock. Loop Capital lifted their price target on shares of Entegris from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday. Dougherty & Co lifted their price target on shares of Entegris from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday. Citigroup Inc. lifted their price target on shares of Entegris from $29.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday. Needham & Company LLC reiterated a “buy” rating and set a $35.00 price target on shares of Entegris in a research note on Friday. Finally, Zacks Investment Research upgraded shares of Entegris from a “hold” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a research note on Thursday, October 19th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $32.10.
Shares of Entegris (NASDAQ:ENTG) opened at 32.30 on Monday. The stock has a market cap of $4.58 billion, a P/E ratio of 38.41 and a beta of 1.52. The firm’s 50 day moving average price is $28.78 and its 200 day moving average price is $25.56. Entegris has a 52-week low of $15.30 and a 52-week high of $32.75.
The company 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 related news, VP Corey Rucci sold 15,000 shares of Entegris stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $26.25, for a total transaction of $393,750.00. Following the transaction, the vice president now owns 25,964 shares in the company, valued at approximately $681,555. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert Nicholas Burns sold 4,901 shares of Entegris stock in a transaction 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 transaction, the director now owns 51,272 shares in the company, valued at approximately $1,256,676.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,651 shares of company stock worth $708,491. 1.70% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its stake in shares of Entegris by 9.4% during the 1st quarter. Bank of America Corp DE now owns 1,153,415 shares of the semiconductor company’s stock valued at $26,991,000 after buying an additional 99,247 shares in the last quarter. Aperio Group LLC lifted its stake in shares of Entegris by 22.1% during the 2nd quarter. Aperio Group LLC now owns 30,985 shares of the semiconductor company’s stock valued at $680,000 after buying an additional 5,603 shares in the last quarter. Strs Ohio lifted its stake in shares of Entegris by 6.3% during the 2nd quarter. Strs Ohio now owns 18,700 shares of the semiconductor company’s stock valued at $410,000 after buying an additional 1,100 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new position in shares of Entegris during the 2nd quarter valued at $5,185,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Entegris by 6.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 156,829 shares of the semiconductor company’s stock valued at $3,442,000 after buying an additional 9,583 shares in the last quarter. Institutional investors own 95.35% of the company’s stock.
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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