Entegris Inc. (ENTG) looking to reclaim success with recent performance

Entegris Inc. (NASDAQ: ENTG) stock jumped 7.43% on Monday to $84.33 against a previous-day closing price of $78.50. With 1.8 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.91 million shares. During the session, the Semiconductor Equipment & Materials company that operates in wider Technology sector, reached to the highest price of $84.53 whereas the lowest price it dropped to was $78.66. The 52-week range on ENTG shows that it touched its highest point at $141.82 and its lowest point at $61.75 during that stretch. It currently has a 1-year price target of $99.82. With its current market cap of 12.09 billion, ENTG has annualized dividend of $0.40 while the current yield stands at 0.47%. Beta for the stock currently stands at 1.24.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ENTG was up-trending over the past week, with a rise of 5.94%, but this was up by 30.50% over a month. Three-month performance surged to 11.09% while six-month performance fell -17.54%. The stock lost -31.96% in the past year, while it has gained 28.57% so far this year. A look at the trailing 12-month EPS for ENTG yields 2.02 with Next year EPS estimates of 3.36. For the next quarter, that number is 0.78. This implies an EPS growth rate of 38.40% for this year and -8.60% for next year. EPS is expected to grow by 8.84% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 34.40%.

Float and Shares Shorts:

At present, 148.57 million ENTG shares are outstanding with a float of 147.90 million shares on hand for trading. On Oct 13, 2022, short shares totaled 5.57 million, which was 3.74% higher than short shares on Sep 14, 2022. In addition to Mr. Bertrand Loy as the firm’s CEO, Pres & Director, Mr. Gregory B. Graves serves as its Exec. VP, CFO & Treasurer.

Institutional Ownership:

Through their ownership of 95.30% of ENTG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 54.99% of ENTG, in contrast to 46.33% held by mutual funds. Shares owned by individuals account for 23.67%. As the largest shareholder in ENTG with 9.15% of the stake, The Vanguard Group, Inc. holds 13,644,312 shares worth 13,644,312. A second-largest stockholder of ENTG, T. Rowe Price Associates, Inc., holds 9,924,490 shares, controlling over 6.66% of the firm’s shares. Select Equity Group LP is the third largest shareholder in ENTG, holding 9,719,660 shares or 6.52% stake. With a 5.30% stake in ENTG, the T Rowe Price New Horizons Fund is the largest stakeholder. A total of 7,904,936 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 3.04% of ENTG stock, is the second-largest Mutual Fund holder. It holds 4,529,661 shares valued at 297.1 million. BlackRock Mid Cap Growth Equity P holds 2.64% of the stake in ENTG, owning 3,939,516 shares worth 258.39 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ENTG since 12 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 3 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ENTG analysts setting a high price target of $110.00 and a low target of $80.00, the average target price over the next 12 months is $94.80. Based on these targets, ENTG could surge 30.44% to reach the target high and fall by -5.13% to reach the target low. Reaching the average price target will result in a growth of 12.42% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ENTG will report FY 2022 earnings on 01/30/2024. Analysts have provided yearly estimates in a range of $3.79 being high and $3.51 being low. For ENTG, this leads to a yearly average estimate of $3.68. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Entegris Inc. surprised analysts by -$0.15 when it reported $0.85 EPS against a consensus estimate of $1.00. The surprise factor in the prior quarter was -$0.05. Based on analyst estimates, the high estimate for the next quarter is $0.82 and the low estimate is $0.75. The average estimate for the next quarter is thus $0.78.

Dividends & Yield:

In terms of dividends, ENTG has a current ratio of $0.4, which is $0.4 over the trailing 12-months, while a dividend of $0.3 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and ENTG currently yields $0.47. In the past year, ENTG’s dividend yield has been $0.47, but when looking at the stock over the past five years, its yield has been $0.51. Accordingly, ENTG has a current buyback yield of $0.19. This was $0.19 for the TTM, and it was $1.13 for the past five years.

Summary of Insider Activity:

Insiders traded ENTG stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 417 shares were sold. The number of buy transactions has increased to 44 while that of sell transactions has risen to 60 over the past year. The total number of shares bought during that period was 259,035 while 182,419 shares were sold.

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