Entegris Inc (NASDAQ:ENTG) – Equities researchers at Dougherty & Co lifted their Q1 2017 earnings estimates for Entegris in a research note issued to investors on Thursday, Zacks Investment Research reports. Dougherty & Co analyst R. Ryan now expects that the semiconductor company will post earnings of $0.24 per share for the quarter, up from their prior estimate of $0.23. Dougherty & Co has a “Buy” rating and a $23.00 price target on the stock. Dougherty & Co also issued estimates for Entegris’ Q3 2017 earnings at $0.27 EPS, FY2017 earnings at $1.04 EPS and FY2018 earnings at $1.18 EPS.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Thursday, February 2nd. The semiconductor company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.03. Entegris had a return on equity of 15.45% and a net margin of 8.27%. The company had revenue of $308.50 million for the quarter, compared to analysts’ expectations of $282.88 million. During the same period in the prior year, the firm earned $0.20 earnings per share. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: “Research Analysts Set Expectations for Entegris Inc’s Q1 2017 Earnings (ENTG)” was first reported by BBNS and is the sole property of of BBNS. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://baseballnewssource.com/markets/q1-2017-eps-estimates-for-entegris-inc-entg-raised-by-dougherty-co-updated-updated/525279.html.
Several other analysts also recently weighed in on the company. Needham & Company LLC reiterated a “positive” rating and set a $25.00 price target on shares of Entegris in a research note on Tuesday, March 21st. Citigroup Inc boosted their price target on Entegris from $21.00 to $24.00 and gave the company a “neutral” rating in a research note on Monday, March 20th. Aegis began coverage on Entegris in a research note on Friday, March 17th. They set a “buy” rating and a $29.00 price target on the stock. Goldman Sachs Group Inc began coverage on Entegris in a research note on Friday, February 10th. They set a “buy” rating and a $26.00 price target on the stock. Finally, Zacks Investment Research upgraded Entegris from a “sell” rating to a “hold” rating and set a $22.00 price target on the stock in a research note on Monday, February 6th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $23.88.
Entegris (NASDAQ:ENTG) traded up 0.21% during midday trading on Friday, hitting $23.95. The stock had a trading volume of 355,653 shares. The stock has a market cap of $3.38 billion, a PE ratio of 35.22 and a beta of 1.43. The company’s 50 day moving average price is $22.62 and its 200-day moving average price is $19.39. Entegris has a 52-week low of $12.79 and a 52-week high of $24.05.
A number of institutional investors have recently added to or reduced their stakes in the company. Glaxis Capital Management LLC acquired a new position in Entegris during the first quarter worth $1,237,000. Legato Capital Management LLC boosted its position in Entegris by 2,240.0% in the first quarter. Legato Capital Management LLC now owns 97,601 shares of the semiconductor company’s stock worth $4,171,000 after buying an additional 93,430 shares during the last quarter. Bank of Montreal Can boosted its position in Entegris by 48.6% in the first quarter. Bank of Montreal Can now owns 326,802 shares of the semiconductor company’s stock worth $7,647,000 after buying an additional 106,885 shares during the last quarter. GW&K Investment Management LLC acquired a new position in Entegris during the first quarter worth $241,000. Finally, Teachers Advisors LLC boosted its position in Entegris by 50.2% in the fourth quarter. Teachers Advisors LLC now owns 1,122,845 shares of the semiconductor company’s stock worth $20,099,000 after buying an additional 375,065 shares during the last quarter. 98.55% of the stock is owned by institutional investors.
In other news, VP Corey Rucci sold 7,247 shares of the business’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $21.68, for a total value of $157,114.96. Following the completion of the transaction, the vice president now owns 30,378 shares of the company’s stock, valued at approximately $658,595.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Gregory B. Graves sold 115,336 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $22.06, for a total value of $2,544,312.16. Following the completion of the transaction, the chief financial officer now directly owns 84,080 shares of the company’s stock, valued at approximately $1,854,804.80. The disclosure for this sale can be found here. In the last three months, insiders sold 160,580 shares of company stock valued at $3,543,915. Insiders own 1.70% of the company’s stock.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Entegris Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris Inc and related companies with our FREE daily email newsletter.