Entegris, Inc. (ENTG) VP Corey Rucci Sells 15,000 Shares
Entegris, Inc. (NASDAQ:ENTG) VP Corey Rucci sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $26.25, for a total value of $393,750.00. Following the sale, the vice president now owns 25,964 shares of the company’s stock, valued at approximately $681,555. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Entegris, Inc. (ENTG) traded up 1.14% on Thursday, reaching $26.65. The company’s stock had a trading volume of 887,737 shares. The stock’s 50 day moving average is $25.11 and its 200-day moving average is $23.90. Entegris, Inc. has a 52 week low of $14.73 and a 52 week high of $27.20. The firm has a market capitalization of $3.78 billion, a PE ratio of 31.69 and a beta of 1.46.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $329 million for the quarter, compared to analyst estimates of $324.51 million. During the same period in the previous year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. Analysts predict that Entegris, Inc. will post $1.28 EPS for the current year.
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A number of institutional investors and hedge funds have recently modified their holdings of the stock. Teacher Retirement System of Texas increased its stake in Entegris by 0.5% during the second quarter. Teacher Retirement System of Texas now owns 11,271 shares of the semiconductor company’s stock valued at $247,000 after acquiring an additional 53 shares during the period. Alps Advisors Inc. increased its stake in Entegris by 0.3% during the second quarter. Alps Advisors Inc. now owns 21,965 shares of the semiconductor company’s stock valued at $482,000 after acquiring an additional 56 shares during the period. First Interstate Bank increased its stake in Entegris by 0.7% during the first quarter. First Interstate Bank now owns 9,970 shares of the semiconductor company’s stock valued at $233,000 after acquiring an additional 70 shares during the period. Pacad Investment Ltd. increased its stake in Entegris by 0.7% during the second quarter. Pacad Investment Ltd. now owns 13,821 shares of the semiconductor company’s stock valued at $303,000 after acquiring an additional 100 shares during the period. Finally, Ameritas Investment Partners Inc. increased its stake in Entegris by 1.2% during the second quarter. Ameritas Investment Partners Inc. now owns 12,364 shares of the semiconductor company’s stock valued at $271,000 after acquiring an additional 148 shares during the period. Hedge funds and other institutional investors own 95.29% of the company’s stock.
A number of equities research analysts have weighed in on the company. Stifel Nicolaus restated a “buy” rating and set a $28.00 price objective (up previously from $26.00) on shares of Entegris in a research note on Thursday, July 13th. BidaskClub lowered Entegris from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research lowered Entegris from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Dougherty & Co raised their price objective on Entegris from $27.50 to $30.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, Deutsche Bank AG assumed coverage on Entegris in a report on Wednesday, July 5th. They set a “hold” rating and a $24.00 target price on the stock. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. Entegris currently has an average rating of “Buy” and a consensus target price of $27.50.
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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