Entegris (NASDAQ:ENTG) Posts Earnings Results, Beats Expectations By $0.07 EPS

Entegris (NASDAQ:ENTG) released its earnings results on Wednesday. The semiconductor company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07, Briefing.com reports. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The business had revenue of $771.03 million for the quarter, compared to the consensus estimate of $769.24 million. During the same period in the previous year, the firm earned $0.65 EPS. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. Entegris updated its Q2 2024 guidance to 0.680-0.730 EPS and its Q2 guidance to $0.68 to $0.73 EPS.

Entegris Price Performance

Shares of ENTG stock traded up $3.29 during mid-day trading on Thursday, reaching $126.60. The company’s stock had a trading volume of 1,320,865 shares, compared to its average volume of 1,410,421. Entegris has a 1-year low of $72.96 and a 1-year high of $146.91. The company has a market cap of $19.08 billion, a P/E ratio of 103.62 and a beta of 1.31. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.67 and a current ratio of 3.85. The firm’s 50-day moving average is $135.46 and its two-hundred day moving average is $118.99.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Tuesday, April 30th. Entegris’s dividend payout ratio is 33.61%.

Wall Street Analyst Weigh In

ENTG has been the topic of several research reports. StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. KeyCorp upped their price objective on shares of Entegris from $136.00 to $164.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Craig Hallum raised shares of Entegris from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Thursday, February 15th. BMO Capital Markets upped their price objective on shares of Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $141.91.

Insider Activity

In related news, CAO Michael Sauer sold 1,897 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the sale, the chief accounting officer now owns 1,779 shares in the company, valued at approximately $235,788.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Michael Sauer sold 1,897 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the sale, the chief accounting officer now owns 1,779 shares in the company, valued at approximately $235,788.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Susan G. Rice sold 17,518 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the completion of the sale, the senior vice president now owns 42,931 shares of the company’s stock, valued at approximately $5,832,605.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,082 shares of company stock worth $5,606,849. 0.67% of the stock is currently owned by corporate insiders.

About Entegris

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).