Entegris Inc (NASDAQ:ENTG) – Analysts at Seaport Global Securities cut their Q3 2018 earnings estimates for Entegris in a research report issued on Wednesday, October 17th. Seaport Global Securities analyst M. Harrison now anticipates that the semiconductor company will post earnings of $0.49 per share for the quarter, down from their prior estimate of $0.50. Seaport Global Securities also issued estimates for Entegris’ Q4 2018 earnings at $0.51 EPS, FY2018 earnings at $1.96 EPS, Q1 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.57 EPS and FY2019 earnings at $2.24 EPS.
Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, July 26th. The semiconductor company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.04. Entegris had a net margin of 8.61% and a return on equity of 24.90%. The business had revenue of $383.06 million during the quarter, compared to the consensus estimate of $378.52 million. During the same period in the previous year, the firm posted $0.34 earnings per share. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year.
NASDAQ:ENTG opened at $26.67 on Thursday. Entegris has a 12 month low of $25.73 and a 12 month high of $39.55. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.79 and a quick ratio of 2.49. The firm has a market cap of $3.96 billion, a PE ratio of 18.53 and a beta of 1.40.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Wednesday, October 31st will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, October 30th. This represents a $0.28 dividend on an annualized basis and a yield of 1.05%. Entegris’s dividend payout ratio is presently 19.44%.
In related news, Director Brian F. Sullivan sold 5,133 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $36.65, for a total transaction of $188,124.45. Following the completion of the transaction, the director now directly owns 103,294 shares in the company, valued at $3,785,725.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Gentilcore sold 14,868 shares of the business’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $33.92, for a total transaction of $504,322.56. Following the transaction, the director now owns 4,090 shares of the company’s stock, valued at $138,732.80. The disclosure for this sale can be found here. Insiders have sold 36,024 shares of company stock valued at $1,268,095 over the last 90 days. 1.20% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Eagle Asset Management Inc. raised its position in shares of Entegris by 14.5% in the second quarter. Eagle Asset Management Inc. now owns 2,707,416 shares of the semiconductor company’s stock worth $91,781,000 after acquiring an additional 343,038 shares during the period. Carillon Tower Advisers Inc. raised its position in shares of Entegris by 30.1% in the second quarter. Carillon Tower Advisers Inc. now owns 2,189,408 shares of the semiconductor company’s stock worth $74,221,000 after acquiring an additional 506,109 shares during the period. Voya Investment Management LLC raised its position in shares of Entegris by 64.2% in the second quarter. Voya Investment Management LLC now owns 1,991,716 shares of the semiconductor company’s stock worth $67,519,000 after acquiring an additional 779,064 shares during the period. Northern Trust Corp raised its position in shares of Entegris by 2.1% in the second quarter. Northern Trust Corp now owns 1,848,454 shares of the semiconductor company’s stock worth $62,662,000 after acquiring an additional 37,684 shares during the period. Finally, Janus Henderson Group PLC acquired a new position in shares of Entegris in the second quarter worth about $55,149,000. Institutional investors own 94.18% of the company’s stock.
Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM), Microcontamination Control (MC), and Advanced Materials Handling (AMH).
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