Insider Selling: Entegris VP Sells 42,640 Shares of Stock (ENTG)
Entegris (NASDAQ:ENTG) VP Todd James Edlund sold 42,640 shares of the stock on the open market in a transaction dated Monday, June 9th. The shares were sold at an average price of $5.40, for a total transaction of $230,256.00. Following the completion of the transaction, the vice president now directly owns 137,125 shares of the company’s stock, valued at approximately $740,475. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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. 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $12.40.
Shares of Entegris (NASDAQ:ENTG) traded up 1.31% during mid-day trading on Tuesday, hitting $12.35. 723,846 shares of the company’s stock traded hands. Entegris has a 1-year low of $8.97 and a 1-year high of $12.66. The stock’s 50-day moving average is $11.33 and its 200-day moving average is $11.4. The company has a market cap of $1.719 billion and a price-to-earnings ratio of 23.90.
Entegris (NASDAQ:ENTG) last released its earnings data on Wednesday, April 23rd. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. On average, analysts predict that Entegris will post $0.66 earnings per share 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.