Entegris Sets New 1-Year High at $14.05 (ENTG)
Entegris (NASDAQ:ENTG) shares reached a new 52-week high during trading on Friday , Analyst Ratings Net reports. The company traded as high as $14.05 and last traded at $13.93, with a volume of 256,282 shares changing hands. The stock had previously closed at $13.95.
Several analysts have recently commented on the stock. Analysts at Needham & Company LLC raised their price target on shares of Entegris from $14.00 to $16.00 in a research note on Friday, June 20th. They now have a “buy” rating on the stock. Separately, analysts at Dougherty & Co raised their price target on shares of Entegris from $13.50 to $17.00 in a research note on Friday, June 20th. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Entegris from $14.00 to $15.00 in a research note on Friday, June 20th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $13.71.
The stock has a 50-day moving average of $12.68 and a 200-day moving average of $11.85. The company has a market cap of $1.934 billion and a P/E ratio of 27.35.
Entegris (NASDAQ:ENTG) last announced its earnings results 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 $0.73 earnings per share for the current fiscal year.
In other Entegris news, VP Todd James Edlund sold 15,498 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $13.95, for a total value of $216,197.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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