Entegris Inc (NASDAQ:ENTG) – Seaport Global Securities boosted their Q1 2018 earnings per share estimates for Entegris in a note issued to investors on Monday. Seaport Global Securities analyst M. Harrison now expects that the semiconductor company will earn $0.42 per share for the quarter, up from their previous estimate of $0.37. Seaport Global Securities currently has a “Buy” rating and a $37.00 target price on the stock. Seaport Global Securities also issued estimates for Entegris’ Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.46 EPS, Q4 2018 earnings at $0.48 EPS, FY2018 earnings at $1.79 EPS, Q1 2019 earnings at $0.48 EPS, Q2 2019 earnings at $0.50 EPS, Q3 2019 earnings at $0.52 EPS, Q4 2019 earnings at $0.53 EPS and FY2019 earnings at $2.02 EPS.
A number of other research firms also recently issued reports on ENTG. Citigroup lifted their price target on Entegris from $29.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Zacks Investment Research upgraded Entegris from a “sell” rating to a “hold” rating and set a $34.00 price target for the company in a research note on Thursday, February 8th. Loop Capital lifted their price target on Entegris from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Dougherty & Co lifted their price target on Entegris from $36.00 to $37.50 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Craig Hallum upgraded Entegris from a “hold” rating to a “buy” rating in a research note on Tuesday, February 6th. Four equities research 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 stock. The company has a consensus rating of “Buy” and an average price target of $32.77.
Several institutional investors have recently bought and sold shares of ENTG. Carillon Tower Advisers Inc. bought a new position in shares of Entegris during the 4th quarter worth approximately $51,256,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Entegris in the 3rd quarter worth approximately $23,700,000. Victory Capital Management Inc. raised its holdings in shares of Entegris by 9.3% in the 3rd quarter. Victory Capital Management Inc. now owns 2,478,586 shares of the semiconductor company’s stock worth $71,507,000 after purchasing an additional 211,759 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Entegris by 19.9% in the 3rd quarter. Wells Fargo & Company MN now owns 1,170,846 shares of the semiconductor company’s stock worth $33,779,000 after purchasing an additional 194,301 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Entegris by 3,425.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 187,230 shares of the semiconductor company’s stock worth $5,317,000 after purchasing an additional 181,919 shares during the period. 95.70% of the stock is currently owned by hedge funds and other institutional investors.
In other Entegris 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 transaction of $90,630.00. Following the transaction, the director now owns 45,364 shares of the company’s stock, valued at approximately $1,370,446.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael A. Bradley sold 5,000 shares of Entegris 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 directly owns 65,557 shares in the company, valued at approximately $1,966,710. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st will be given 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 0.90%. Entegris’s dividend payout ratio is currently 23.73%.
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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).
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