Entegris, Inc. (NASDAQ:ENTG) Director Paul L. H. Olson sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $25.77, for a total value of $90,195.00. Following the transaction, the director now directly owns 52,864 shares of the company’s stock, valued at approximately $1,362,305.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Entegris, Inc. (ENTG) opened at 25.45 on Friday. The stock has a market cap of $3.61 billion, a P/E ratio of 30.26 and a beta of 1.46. The firm’s 50 day moving average price is $25.12 and its 200-day moving average price is $23.94. Entegris, Inc. has a 12-month low of $14.73 and a 12-month high of $27.20.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.05. The business had revenue of $329 million during the quarter, compared to the consensus estimate of $324.51 million. Entegris had a net margin of 9.63% and a return on equity of 17.04%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. Equities research analysts anticipate that Entegris, Inc. will post $1.28 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Entegris by 2.2% during the second quarter. Vanguard Group Inc. now owns 11,453,733 shares of the semiconductor company’s stock valued at $251,409,000 after acquiring an additional 244,694 shares in the last quarter. BlackRock Inc. raised its stake in shares of Entegris by 15.8% during the second quarter. BlackRock Inc. now owns 11,450,690 shares of the semiconductor company’s stock valued at $251,344,000 after acquiring an additional 1,564,866 shares in the last quarter. FMR LLC raised its stake in shares of Entegris by 54.8% during the second quarter. FMR LLC now owns 3,904,882 shares of the semiconductor company’s stock valued at $85,712,000 after acquiring an additional 1,381,882 shares in the last quarter. Snyder Capital Management L P raised its stake in shares of Entegris by 8.6% during the first quarter. Snyder Capital Management L P now owns 3,397,019 shares of the semiconductor company’s stock valued at $79,490,000 after acquiring an additional 270,261 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Entegris by 5.7% during the second quarter. State Street Corp now owns 2,842,071 shares of the semiconductor company’s stock valued at $62,383,000 after acquiring an additional 152,890 shares in the last quarter. 95.29% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on ENTG. Stifel Nicolaus reaffirmed a “buy” rating and set a $28.00 price target (up previously from $26.00) on shares of Entegris in a research report on Thursday, July 13th. BidaskClub lowered Entegris from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research lowered Entegris from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Dougherty & Co upped their price target on Entegris from $27.50 to $30.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Deutsche Bank AG began coverage on Entegris in a research report on Wednesday, July 5th. They set a “hold” rating and a $24.00 price target for the company. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Entegris currently has a consensus rating of “Buy” and an average price target of $27.50.
Entegris Company Profile
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).
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