Entegris Inc (ENTG) has disclosed a new risk, in the Share Price & Shareholder Rights category.
Entegris Inc. has not engaged in the repurchase of any common stock under its Board-authorized plan in the quarter ending March 30, 2024, which can be viewed as a passive approach towards capital return to shareholders. However, the company does issue common stock awards as part of its equity incentive plans. Notably, shares withheld for tax obligations upon the vesting or exercise of these awards are treated as repurchases in its financial statements, effectively reducing the number of shares in circulation. This technicality distinguishes these transactions from typical buybacks, possibly affecting investor perception of the company’s stock liquidity and capital management strategies.
Overall, Wall Street has a Moderate Buy consensus rating on ENTG stock based on 7 Buys and 4 Holds.
To learn more about Entegris Inc’s risk factors, click here.
