Entegris Short Interest Up 45.5% in August (ENTG)
Entegris (NASDAQ:ENTG) was the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 5,408,756 shares, an increase of 45.5% from the July 31st total of 3,716,598 shares, ARN reports. Approximately 3.9% of the company’s stock are short sold. Based on an average daily trading volume, of 855,040 shares, the short-interest ratio is presently 6.3 days.
In other Entegris news, Director Brian F. Sullivan sold 2,722 shares of Entegris stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $12.15, for a total value of $33,072.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
ENTG has been the subject of a number of recent research reports. 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. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $14.50.
Shares of Entegris (NASDAQ:ENTG) opened at 12.14 on Monday. Entegris has a 52-week low of $9.39 and a 52-week high of $14.05. The stock has a 50-day moving average of $12.23 and a 200-day moving average of $12.1. The company has a market cap of $1.693 billion and a price-to-earnings ratio of 44.78.
Entegris (NASDAQ:ENTG) last released its earnings data on Tuesday, July 29th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.15 earnings per share. Entegris’s revenue was up 41.7% compared to the same quarter last year. 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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