Insider Selling: Entegris, Inc. (NASDAQ:ENTG) Director Sells 3,000 Shares of Stock

Entegris, Inc. (NASDAQ:ENTG) Director Paul L. H. Olson sold 3,000 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $30.21, for a total transaction of $90,630.00. Following the completion of the sale, the director now owns 45,364 shares of the company’s stock, valued at $1,370,446.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Entegris, Inc. (NASDAQ:ENTG) traded up $0.15 during mid-day trading on Thursday, hitting $32.50. 751,011 shares of the stock were exchanged, compared to its average volume of 873,076. Entegris, Inc. has a 52 week low of $18.05 and a 52 week high of $33.95. The firm has a market cap of $4,600.00, a PE ratio of 33.51, a price-to-earnings-growth ratio of 1.84 and a beta of 1.52. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.40.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. Entegris had a net margin of 10.73% and a return on equity of 18.82%. The company had revenue of $345.60 million during the quarter, compared to analysts’ expectations of $334.30 million. During the same quarter in the prior year, the company posted $0.24 EPS. The business’s revenue was up 16.5% on a year-over-year basis. research analysts forecast that Entegris, Inc. will post 1.39 EPS for the current year.

Several hedge funds have recently made changes to their positions in ENTG. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Entegris by 11.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,324 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 533 shares in the last quarter. Seven Eight Capital LP acquired a new position in shares of Entegris in the 2nd quarter valued at $149,000. Wolverine Trading LLC raised its stake in shares of Entegris by 149.6% in the 3rd quarter. Wolverine Trading LLC now owns 6,989 shares of the semiconductor company’s stock valued at $202,000 after buying an additional 21,089 shares in the last quarter. Reliance Trust Co. of Delaware acquired a new position in shares of Entegris in the 3rd quarter valued at $208,000. Finally, Barings LLC acquired a new position in shares of Entegris in the 3rd quarter valued at $225,000. Institutional investors own 96.17% of the company’s stock.

ENTG has been the subject of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $35.00 target price on shares of Entegris in a research note on Friday, October 27th. Loop Capital initiated coverage on shares of Entegris in a research note on Thursday, September 28th. They set a “buy” rating and a $35.00 target price for the company. Dougherty & Co upped their target price on shares of Entegris from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Seaport Global Securities initiated coverage on shares of Entegris in a research note on Friday, December 15th. They set a “buy” rating and a $37.00 target price for the company. Finally, Zacks Investment Research cut shares of Entegris from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $32.55.

TRADEMARK VIOLATION WARNING: “Insider Selling: Entegris, Inc. (NASDAQ:ENTG) Director Sells 3,000 Shares of Stock” was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://stocknewstimes.com/2018/01/11/paul-l-h-olson-sells-3000-shares-of-entegris-inc-entg-stock.html.

About Entegris

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).

Insider Buying and Selling by Quarter for Entegris (NASDAQ:ENTG)

Receive News & Ratings for Entegris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply