Equities research analysts expect that Entegris Inc (NASDAQ:ENTG) will report $360.28 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Entegris’ earnings, with estimates ranging from $359.70 million to $361.10 million. Entegris posted sales of $317.38 million in the same quarter last year, which would indicate a positive year over year growth rate of 13.5%. The business is scheduled to report its next earnings results on Thursday, April 26th.
On average, analysts expect that Entegris will report full year sales of $360.28 million for the current year, with estimates ranging from $1.43 billion to $1.48 billion. For the next financial year, analysts expect that the business will post sales of $1.55 billion per share, with estimates ranging from $1.52 billion to $1.59 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Entegris.
ENTG has been the subject of several recent analyst reports. Loop Capital raised their target price on shares of Entegris from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Dougherty & Co raised their target price on shares of Entegris from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, October 27th. ValuEngine downgraded shares of Entegris from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Finally, Citigroup raised their price objective on shares of Entegris from $29.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $32.86.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, January 31st will be issued 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 is presently 23.73%.
In related news, Director Paul L. H. Olson sold 3,000 shares of Entegris stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $30.21, for a total value of $90,630.00. Following the transaction, the director now directly owns 45,364 shares of the company’s stock, valued at $1,370,446.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael A. Bradley sold 5,000 shares of Entegris stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $30.00, for a total transaction of $150,000.00. Following the completion of the transaction, the director now directly owns 65,557 shares in the company, valued at $1,966,710. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Royce & Associates LP increased its stake in Entegris by 27.0% in the fourth quarter. Royce & Associates LP now owns 92,080 shares of the semiconductor company’s stock valued at $2,804,000 after acquiring an additional 19,580 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Entegris by 4.5% during the fourth quarter. UBS Asset Management Americas Inc. now owns 78,419 shares of the semiconductor company’s stock worth $2,388,000 after buying an additional 3,393 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Entegris by 0.5% during the fourth quarter. Schroder Investment Management Group now owns 1,188,643 shares of the semiconductor company’s stock worth $36,194,000 after buying an additional 5,556 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Entegris by 13.8% during the fourth quarter. Bank of New York Mellon Corp now owns 961,062 shares of the semiconductor company’s stock worth $29,264,000 after buying an additional 116,891 shares during the last quarter. Finally, Capital Fund Management S.A. bought a new stake in shares of Entegris during the fourth quarter worth $247,000. 95.70% of the stock is currently owned by institutional investors and hedge funds.
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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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