Entegris Inc (NASDAQ:ENTG) – KeyCorp issued their Q1 2019 EPS estimates for shares of Entegris in a report issued on Tuesday. KeyCorp analyst W. Twigg anticipates that the semiconductor company will earn $0.49 per share for the quarter. KeyCorp also issued estimates for Entegris’ Q2 2019 earnings at $0.51 EPS, Q3 2019 earnings at $0.52 EPS, Q4 2019 earnings at $0.54 EPS and FY2019 earnings at $2.06 EPS.
Other equities research analysts have also recently issued reports about the stock. Needham & Company LLC reissued a “buy” rating and issued a $37.00 price objective (up from $35.00) on shares of Entegris in a research report on Wednesday. Craig Hallum upgraded shares of Entegris from a “hold” rating to a “buy” rating in a report on Tuesday. Dougherty & Co boosted their price target on shares of Entegris from $36.00 to $37.50 and gave the company a “buy” rating in a report on Wednesday. Loop Capital restated a “buy” rating and issued a $40.00 price target on shares of Entegris in a report on Friday, December 1st. Finally, ValuEngine upgraded shares of Entegris from a “hold” rating to a “buy” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $32.86.
Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in Entegris by 3,425.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 187,230 shares of the semiconductor company’s stock valued at $5,317,000 after purchasing an additional 181,919 shares in the last quarter. Numeric Investors LLC acquired a new position in Entegris during the 2nd quarter valued at approximately $312,000. Stevens Capital Management LP acquired a new position in Entegris during the 3rd quarter valued at approximately $252,000. Cipher Capital LP increased its stake in Entegris by 79.8% during the 3rd quarter. Cipher Capital LP now owns 74,235 shares of the semiconductor company’s stock valued at $2,141,000 after purchasing an additional 32,939 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY increased its stake in Entegris by 2.2% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 559,700 shares of the semiconductor company’s stock valued at $16,147,000 after purchasing an additional 12,000 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.
In related news, Director Paul L. H. Olson sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $30.21, for a total transaction of $90,630.00. Following the completion of the transaction, the director now owns 45,364 shares in the company, valued at approximately $1,370,446.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael A. Bradley sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $30.00, for a total transaction of $150,000.00. Following the transaction, the director now owns 65,557 shares of the company’s stock, valued at approximately $1,966,710. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, January 31st will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, January 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.91%. Entegris’s dividend payout ratio (DPR) is presently 23.73%.
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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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