Entegris, Inc. (NASDAQ:ENTG) CFO Gregory B. Graves sold 4,908 shares of Entegris stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $26.00, for a total value of $127,608.00. Following the transaction, the chief financial officer now owns 65,554 shares in the company, valued at approximately $1,704,404. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Entegris, Inc. (NASDAQ ENTG) opened at 24.70 on Thursday. The company has a market cap of $3.50 billion, a P/E ratio of 29.37 and a beta of 1.47. The stock’s 50 day moving average price is $24.29 and its 200 day moving average price is $23.22. Entegris, Inc. has a 1-year low of $14.73 and a 1-year high of $27.20.
Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Entegris had a net margin of 9.63% and a return on equity of 17.04%. The company 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 business earned $0.28 earnings per share. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. Equities research analysts forecast that Entegris, Inc. will post $1.28 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Entegris by 11.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,324 shares of the semiconductor company’s stock worth $117,000 after buying an additional 533 shares during the last quarter. FNY Partners Fund LP purchased a new position in shares of Entegris during the first quarter valued at approximately $154,000. CIBC World Markets Inc. purchased a new position in shares of Entegris during the first quarter valued at approximately $228,000. First Interstate Bank increased 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 valued at $233,000 after buying an additional 70 shares in the last quarter. Finally, GW&K Investment Management LLC purchased a new position in shares of Entegris during the first quarter valued at approximately $241,000. Institutional investors own 98.18% of the company’s stock.
A number of brokerages have recently weighed in on ENTG. Dougherty & Co lifted their price target on Entegris from $27.50 to $30.00 and gave the company a “buy” rating in a report on Friday, July 28th. Stifel Nicolaus reiterated a “buy” rating and set a $28.00 price target (up previously from $26.00) on shares of Entegris in a report on Thursday, July 13th. BidaskClub downgraded Entegris from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research downgraded Entegris from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, Goldman Sachs Group, Inc. (The) upgraded Entegris from a “buy” rating to a “conviction-buy” rating and set a $29.00 target price on the stock in a research note on Monday, May 22nd. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target 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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