Insider Selling: Entegris Director Sells 2,722 Shares of Stock (ENTG)
Entegris (NASDAQ:ENTG) Director Brian F. Sullivan unloaded 2,722 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $12.15, for a total transaction of $33,072.30. Following the sale, the director now directly owns 112,991 shares in the company, valued at approximately $1,372,841. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Entegris (NASDAQ:ENTG) traded down 0.49% on Wednesday, hitting $12.13. The stock had a trading volume of 420,634 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 $1.692 billion and a price-to-earnings ratio of 45.49. Entegris also was the recipient of a large growth in short interest in the month of 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. Based on an average daily volume of 855,040 shares, the short-interest ratio is presently 6.3 days. Currently, 3.9% of the shares of the company are short sold.
Entegris (NASDAQ:ENTG) last announced its earnings results on Tuesday, July 29th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 41.7% on a year-over-year basis. Analysts expect that Entegris will post $0.68 EPS for the current fiscal year.
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 analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $13.86.
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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