Entegris, Inc. (ENTG) Director Sells $120,123.51 in Stock
Entegris, Inc. (NASDAQ:ENTG) Director Robert Nicholas Burns sold 4,901 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $24.51, for a total transaction of $120,123.51. Following the transaction, the director now owns 51,272 shares in the company, valued at $1,256,676.72. The sale was disclosed in a filing with the SEC, which is available through this link.
Entegris, Inc. (ENTG) remained flat at $24.45 during mid-day trading on Wednesday. 661,438 shares of the stock traded hands. The firm has a 50 day moving average price of $24.47 and a 200-day moving average price of $23.42. The company has a market cap of $3.47 billion, a PE ratio of 29.07 and a beta of 1.47. Entegris, Inc. has a 12 month low of $14.73 and a 12 month high of $27.20.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.05. Entegris had a return on equity of 17.04% and a net margin of 9.63%. The business had revenue of $329 million during the quarter, compared to the consensus estimate of $324.51 million. During the same period in the previous year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. Analysts predict that Entegris, Inc. will post $1.28 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Swiss National Bank increased its position in shares of Entegris by 1.6% in the first quarter. Swiss National Bank now owns 232,400 shares of the semiconductor company’s stock worth $5,438,000 after buying an additional 3,700 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Entegris by 12.1% in the first quarter. Bank of New York Mellon Corp now owns 864,891 shares of the semiconductor company’s stock worth $20,238,000 after buying an additional 93,089 shares in the last quarter. American Century Companies Inc. increased its position in shares of Entegris by 75.8% in the first quarter. American Century Companies Inc. now owns 373,793 shares of the semiconductor company’s stock worth $8,747,000 after buying an additional 161,192 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Entegris by 5.7% in the first quarter. Wells Fargo & Company MN now owns 936,434 shares of the semiconductor company’s stock worth $21,913,000 after buying an additional 50,851 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Entegris by 22.9% in the first quarter. Russell Investments Group Ltd. now owns 269,909 shares of the semiconductor company’s stock worth $6,316,000 after buying an additional 50,220 shares in the last quarter. 97.16% of the stock is owned by institutional investors and hedge funds.
Several brokerages have issued reports on ENTG. BidaskClub cut shares of Entegris from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Stifel Nicolaus reiterated a “buy” rating and set a $28.00 target price (up from $26.00) on shares of Entegris in a report on Thursday, July 13th. Zacks Investment Research upgraded shares of Entegris from a “hold” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a report on Monday, July 31st. Dougherty & Co increased their target price on shares of Entegris from $27.50 to $30.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, Craig Hallum cut shares of Entegris from a “buy” rating to a “hold” rating in a report on Friday, April 28th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $27.50.
Entegris Company Profile
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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