Entegris, Inc. (NASDAQ:ENTG) has become the apple of many investors’ eyes in recent years, with a consensus rating of “Moderate Buy” from twelve ratings firms currently covering the semiconductor company, according to Bloomberg.com. Of the twelve firms covering Entegris, three have rated it as a hold; however, nine have issued buy ratings on the stock.
Looking back over the last year, brokers that have covered Entegris have placed an average 1 year price target on the company of $112.92. Although this is no guarantee that Entegris will reach this price in a year’s time, such high expectations from brokers indicate strong confidence in the company’s future prospects and continued growth within its industry.
In addition to positive reviews and revenue forecasts, Entegris recently announced a quarterly dividend, paying out $0.10 per share to stockholders of record on May 3rd – an annualized dividend of $0.40 and a yield of 0.39%. Given that manufacturers need semiconductor components for almost every type of electronic product or service offered today, semiconductor companies like Entegris are poised for immense success over the long term.
It should be noted that institutional investors have already taken notice: Exchange Traded Concepts LLC bought a stake worth $27,000 during Q4 2020 while KB Financial Partners LLC acquired shares worth approximately $34k during Q1 2021,a boost in holdings by Belpointe Asset Management LLC up by 51.1% equaling their holdings to 485 shares valued at about $40k.
TCTC Holdings and Neo Ivy Capital Management also hopped onto the bandwagon with new positions of around $45k and $54k respectively placed towards establishing themselves within said growing market.
Summing up the information mentioned above collectively highlights how bullish both analysts and stakeholders can be regarding certain shares such as those of Entegris, Inc.. While past performance for a stock may not guarantee its future results over the long term, it is vital to keep an eye on such shares with strong growth and positive trends continuously repeating themselves within the industry. Given the news circling around this company, only time will tell what its investment outcome shall be; but as of right now those who have stayed invested are seemingly happy.
Mixed Reviews for Entegris’s Financial Performance in Semiconductor Industry
Entegris’s Financial Performance Receives Mixed Reviews
Semiconductor company, Entegris (NASDAQ:ENTG) has been the focus of several research reports lately. Mizuho raised its price target on shares of Entegris from $95.00 to $98.00 while Needham & Company LLC raised their target from $100.00 to $106.00, both in a report published on May 12th. BMO Capital Markets was also impressed with the company and gave Entegris an “outperform” rating and a $129.00 price target; meanwhile, StockNews.com gave it a “sell” rating the same day.
However, Loop Capital wasn’t as bullish and reduced their price target on Entegris from $143.00 to $123.00 in another report released two days later on May 15th.
The market reacted positively though with shares opening at $103.54 on May 26th and closing at $104.07 that afternoon.
In other financial news, SVP James Anthony O’neill sold 4,845 shares at an average price of $90.72 each – representing a total transaction value of over $439k – in a transaction that occurred on May 11th but was filed with the Securities & Exchange Commission afterwards.
Although Entegris announced its quarterly dividend too recently and paid it out just three days later to stockholders of record on May 3rd, analysts were surprised with the small offering when compared to other companies’ dividends in the same industry.
While some are advocating for patience regarding Entegris’s future earnings returns as they continue to produce semiconductors with less contamination risk than their competitors, others are cautious about how large geopolitical events could potentially affect this semiconductor supplier’s business overseas.
With Entegris reporting EPS of 0.65 for Q1 this year, beating analysts’ estimates by a respectable 13 cents, and revenues of $922.4 million, surpassing consensus forecasts by almost $33 million, all eyes will be on whether they can continue this growth in the highly competitive industry in the second quarter and beyond.