Insider Selling: Entegris Director Sells 5,203 Shares of Stock (ENTG)
Entegris (NASDAQ:ENTG) Director Daniel W. Christman sold 5,203 shares of the company’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $11.02, for a total transaction of $57,337.06. Following the completion of the transaction, the director now directly owns 80,239 shares of the company’s stock, valued at approximately $884,234. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on ENTG shares. Analysts at Needham & Company LLC raised their price target on shares of Entegris from $13.00 to $14.00 in a research note on Thursday, April 24th. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Entegris in a research note on Tuesday, April 22nd. They now have a $12.00 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of Entegris from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $12.40.
Shares of Entegris (NASDAQ:ENTG) traded up 2.25% during mid-day trading on Monday, hitting $11.37. 262,062 shares of the company’s stock traded hands. Entegris has a 52-week low of $8.97 and a 52-week high of $12.66. The stock’s 50-day moving average is $11.7 and its 200-day moving average is $11.29. The company has a market cap of $1.582 billion and a price-to-earnings ratio of 21.80.
Entegris (NASDAQ:ENTG) last released its earnings data on Wednesday, April 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.01. The company had revenue of $165.80 million for the quarter, compared to the consensus estimate of $171.70 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. Analysts expect that Entegris will post $0.66 EPS for the current fiscal year.
Entegris, Inc is a global developer, manufacturer and supplier of products and materials used in processing and manufacturing in the semiconductor and other high-technology industries.
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