Entegris, Inc. (NASDAQ:ENTG) CFO Gregory B. Graves Sells 4,908 Shares
Entegris, Inc. (NASDAQ:ENTG) CFO Gregory B. Graves sold 4,908 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $26.00, for a total transaction of $127,608.00. Following the transaction, the chief financial officer now directly owns 65,554 shares in the company, valued at $1,704,404. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Entegris, Inc. (ENTG) traded down 0.19% during midday trading on Friday, reaching $25.85. 650,459 shares of the company traded hands. The company’s 50 day moving average is $24.14 and its 200-day moving average is $22.53. Entegris, Inc. has a 12 month low of $14.56 and a 12 month high of $27.20. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 32.31 and a beta of 1.44.
Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, April 27th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. Entegris had a net margin of 9.26% and a return on equity of 16.65%. The business had revenue of $317.40 million for the quarter, compared to analysts’ expectations of $304.62 million. During the same period last year, the company earned $0.17 earnings per share. The company’s quarterly revenue was up 18.9% on a year-over-year basis. Equities research analysts forecast that Entegris, Inc. will post $1.16 earnings per share for the current fiscal year.
Several brokerages recently issued reports on ENTG. Stifel Nicolaus reissued a “buy” rating and set a $28.00 price objective (up from $26.00) on shares of Entegris in a report on Thursday, July 13th. Dougherty & Co raised their target price on shares of Entegris from $26.50 to $27.50 and gave the company a “buy” rating in a research note on Friday, April 28th. Zacks Investment Research downgraded shares of Entegris from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) upgraded shares of Entegris from a “buy” rating to a “conviction-buy” rating and set a $29.00 price objective for the company in a research note on Monday, May 22nd. Finally, BidaskClub downgraded shares of Entegris from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.39.
Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in Entegris by 9.4% in the first quarter. Bank of America Corp DE now owns 1,153,415 shares of the semiconductor company’s stock valued at $26,991,000 after buying an additional 99,247 shares in the last quarter. First Interstate Bank boosted its position in shares of Entegris by 0.7% in the first quarter. First Interstate Bank now owns 9,970 shares of the semiconductor company’s stock worth $233,000 after buying an additional 70 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Entegris during the first quarter worth $3,445,000. Strs Ohio boosted its position in shares of Entegris by 40.8% in the first quarter. Strs Ohio now owns 17,600 shares of the semiconductor company’s stock worth $411,000 after buying an additional 5,100 shares during the period. Finally, Bank of Montreal Can boosted its position in shares of Entegris by 48.6% in the first quarter. Bank of Montreal Can now owns 326,802 shares of the semiconductor company’s stock worth $7,647,000 after buying an additional 106,885 shares during the period. 97.78% of the stock is currently owned by institutional investors and hedge funds.
Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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