In yesterday’s Wall Street session, Entegris Inc. (NASDAQ:ENTG) shares traded at $107.48, up 0.50% from the previous session.
As of this writing, 14 analysts cover Entegris Inc. (NASDAQ:ENTG). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $129.00 and a low of $94.00, we find $111.00. Given the previous closing price of $106.94, this indicates a potential upside of 3.8 percent. ENTG stock price is now 8.09% away from the 50-day moving average and 29.77% away from the 200-day moving average. The market capitalization of the company currently stands at $16.16B.
There are 3 analysts who have given it a hold rating, whereas 9 have given it a buy rating. Brokers who have rated the stock have averaged $110.58 as their price target over the next twelve months.
With the price target of $129, BMO Capital Markets recently initiated with Outperform rating for Entegris Inc. (NASDAQ: ENTG).
In other news, Shaner William James, SVP & President, AMH sold 14,004 shares of the company’s stock on May 15. The stock was sold for $1,282,906 at an average price of $91.61. Upon completion of the transaction, the SVP & President, AMH now directly owns 17,912 shares in the company, valued at $1.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 11, SVP & CTO O’Neill James Anthony sold 4,845 shares of the business’s stock. A total of $439,538 was realized by selling the stock at an average price of $90.72. This leaves the insider owning 15,588 shares of the company worth $1.68 million. Insiders disposed of 100,289 shares of company stock worth roughly $10.78 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ENTG stock. A new stake in Entegris Inc. shares was purchased by HOLOCENE ADVISORS, LP during the first quarter worth $173,786,000. SOUTHPOINT CAPITAL ADVISORS LP invested $107,480,000 in shares of ENTG during the first quarter. In the first quarter, STEADFAST CAPITAL MANAGEMENT LP acquired a new stake in Entegris Inc. valued at approximately $39,875,000. GREAT LAKES ADVISORS, LLC acquired a new stake in ENTG for approximately $25,538,000. ORION PORTFOLIO SOLUTIONS, LLC purchased a new stake in ENTG valued at around $10,744,000 in the second quarter. In total, there are 693 active investors with 104.09% ownership of the company’s stock.
Wednesday morning saw Entegris Inc. (NASDAQ: ENTG) opened at $108.68. During the past 12 months, Entegris Inc. has had a low of $61.75 and a high of $114.47. As of last week, the company has a debt-to-equity ratio of 1.83, a current ratio of 3.10, and a quick ratio of 2.10. According to the stock market information, the enterprise value for the company is $21.25B, which is based on a 4133.85 price-to-earnings ratio, a 828.43 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for ENTG is $100.08 and a two-hundred day moving average price translates $82.92 for the stock.
The latest earnings results from Entegris Inc. (NASDAQ: ENTG) was released for Mar, 2023. According to the Semiconductor Equipment & Materials Company, earnings per share came in at $0.65, beating analysts’ expectations of $0.52 by 0.13. This compares to $0.92 EPS in the same period last year. The net profit margin was -0.10% and return on equity was -0.20% for ENTG. The company reported revenue of $922.4 million for the quarter, compared to $649.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 41.98 percent. For the current quarter, analysts expect ENTG to generate $886.39M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/24/2023. Investors who held shares on 05/03/2023 were paid a $0.10 dividend. On an annualized basis, this represents a $0.40 dividend and a 0.37% percent yield. There was an ex-dividend date of 05/02/2023 for this dividend. In terms of dividend payout ratio, ENTG is presently at 27.43%.
Entegris Inc.(ENTG) Company Profile
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 four segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); The Advanced Planarization Solutions (APS); and Advanced Materials Handling (AMH). The SCEM segment offers high-performance and high-purity process chemistries, gases, and materials, as well as delivery systems to support semiconductor and other advanced manufacturing processes. The MC segment provides solutions to filter and purify critical liquid chemistries and gases used in semiconductor manufacturing processes and other high-technology industries. The APS segment offers chemical mechanical planarization solutions; and advanced materials and high-purity wet chemicals, including chemical mechanical planarization slurries, pads, formulated cleans, and other electronic chemicals. The AMH segment develops solutions to monitor, protect, transport, and deliver critical liquid chemistries, wafers, and other substrates for application in the semiconductor, life sciences, and other high-technology industries. The company’s customers include logic and memory semiconductor device manufacturers, semiconductor equipment makers, gas and chemical manufacturing companies, and wafer grower companies; and flat panel display equipment makers, panel manufacturers, and manufacturers of hard disk drive components and devices, as well as their related ecosystems. It also serves manufacturers and suppliers in the solar industries, electrical discharge machining customers, glass and glass container manufacturers, aerospace manufacturers, and manufacturers of biomedical implantation devices. Entegris, Inc. was founded in 1966 and is headquartered in Billerica, Massachusetts.
