Q1 2018 Earnings Estimate for Entegris Inc (ENTG) Issued By Seaport Global Securities
Entegris Inc (NASDAQ:ENTG) – Seaport Global Securities increased their Q1 2018 earnings estimates for shares of Entegris in a research report issued 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 prior forecast of $0.37. Seaport Global Securities has a “Buy” rating and a $37.00 price target 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 equities analysts have also recently issued reports on the stock. Loop Capital upped their price target on shares of Entegris from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of Entegris from a “hold” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a research note on Thursday, October 19th. Citigroup upped their price target on shares of Entegris from $29.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Dougherty & Co upped their price target on shares of Entegris from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $35.00 price target on shares of Entegris in a research note on Friday, October 27th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Entegris presently has a consensus rating of “Buy” and a consensus target price of $32.77.
Several large investors have recently modified their holdings of the company. State Street Corp lifted its stake in shares of Entegris by 5.7% in the 2nd quarter. State Street Corp now owns 2,842,071 shares of the semiconductor company’s stock worth $62,383,000 after purchasing an additional 152,890 shares during the period. Victory Capital Management Inc. lifted its stake 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. Renaissance Technologies LLC lifted its stake in shares of Entegris by 2.4% in the 4th quarter. Renaissance Technologies LLC now owns 1,759,455 shares of the semiconductor company’s stock worth $53,575,000 after purchasing an additional 41,365 shares during the period. Carillon Tower Advisers Inc. bought a new position in shares of Entegris in the 4th quarter worth approximately $51,256,000. Finally, Geode Capital Management LLC lifted its stake in shares of Entegris by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 1,402,887 shares of the semiconductor company’s stock worth $42,717,000 after purchasing an additional 50,809 shares during the period. Hedge funds and other institutional investors own 95.70% of the company’s stock.
In other news, Director Paul L. H. Olson sold 3,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $30.21, for a total value of $90,630.00. Following the transaction, the director now owns 45,364 shares in the company, valued at approximately $1,370,446.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael A. Bradley sold 5,000 shares of the 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 completion of the transaction, the director now 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 currently owned by corporate insiders.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Tuesday, January 30th. Entegris’s dividend payout ratio is currently 23.73%.
ILLEGAL ACTIVITY NOTICE: “Q1 2018 Earnings Estimate for Entegris Inc (ENTG) Issued By Seaport Global Securities” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://www.thecerbatgem.com/2018/02/14/q1-2018-earnings-estimate-for-entegris-inc-entg-issued-by-seaport-global-securities.html.
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).
Receive News & Ratings for Entegris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris and related companies with MarketBeat.com's FREE daily email newsletter.