Insider Selling: John J. Murphy Unloads 41,810 Shares of Entegris Stock (ENTG)
Entegris (NASDAQ:ENTG) VP John J. Murphy sold 41,810 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $11.99, for a total transaction of $501,301.90. Following the sale, the vice president now directly owns 56,574 shares of the company’s stock, valued at approximately $678,322. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Entegris in a research note on Wednesday, July 30th. They now have a $13.00 price target on the stock, up previously from $12.00. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $13.86.
Shares of Entegris (NASDAQ:ENTG) traded up 1.58% on Tuesday, hitting $12.19. The stock had a trading volume of 484,426 shares. Entegris has a 1-year low of $9.32 and a 1-year high of $14.05. The stock’s 50-day moving average is $12.39 and its 200-day moving average is $12.10. The company has a market cap of $1.700 billion and a P/E ratio of 44.78. Entegris also was the target of a large growth in short interest in August. As of August 15th, there was short interest totalling 5,408,756 shares, a growth of 45.5% from the July 31st total of 3,716,598 shares. Currently, 3.9% of the shares of the stock are short sold. Based on an average daily volume of 855,040 shares, the days-to-cover ratio is currently 6.3 days.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.02. The company had revenue of $251.60 million for the quarter, compared to the consensus estimate of $240.20 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 41.7% on a year-over-year basis. On average, analysts predict that Entegris will post $0.68 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.
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