Entegris Inc (NASDAQ:ENTG) shot up 5.2% on Tuesday . The company traded as high as $27.73 and last traded at $27.70. 1,141,553 shares traded hands during trading, an increase of 13% from the average session volume of 1,011,313 shares. The stock had previously closed at $26.32.
A number of brokerages have recently weighed in on ENTG. BidaskClub raised shares of Entegris from a “hold” rating to a “buy” rating in a research note on Saturday, July 21st. ValuEngine raised shares of Entegris from a “hold” rating to a “buy” rating in a research note on Wednesday, July 18th. Loop Capital set a $46.00 target price on shares of Entegris and gave the company a “buy” rating in a research note on Saturday, July 28th. Stifel Nicolaus lifted their target price on shares of Entegris from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, July 2nd. Finally, Goldman Sachs Group lowered shares of Entegris from a “conviction-buy” rating to a “buy” rating in a research note on Wednesday, September 12th. Three investment analysts have rated the stock with a sell rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $41.60.
The company has a market cap of $4.10 billion, a price-to-earnings ratio of 18.80 and a beta of 1.41. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.49 and a current ratio of 3.79.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Thursday, July 26th. The semiconductor company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. Entegris had a net margin of 8.61% and a return on equity of 24.90%. The company had revenue of $383.06 million during the quarter, compared to analysts’ expectations of $378.52 million. During the same period last year, the company posted $0.34 EPS. Entegris’s revenue was up 16.4% on a year-over-year basis. As a group, equities analysts predict that Entegris Inc will post 1.95 earnings per share for the current year.
In related news, Director James Gentilcore sold 14,868 shares of Entegris stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $33.92, for a total transaction of $504,322.56. Following the completion of the transaction, the director now directly owns 4,090 shares of the company’s stock, valued at approximately $138,732.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul L. H. Olson sold 1,750 shares of Entegris stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $35.76, for a total transaction of $62,580.00. Following the transaction, the director now directly owns 47,704 shares of the company’s stock, valued at $1,705,895.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,024 shares of company stock valued at $1,268,095. 1.20% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. First Hawaiian Bank purchased a new position in Entegris during the 3rd quarter valued at about $137,000. Centaurus Financial Inc. purchased a new position in Entegris during the 2nd quarter valued at about $170,000. Signition LP purchased a new position in Entegris during the 2nd quarter valued at about $207,000. Raymond James Financial Services Advisors Inc. purchased a new position in Entegris during the 2nd quarter valued at about $207,000. Finally, Paloma Partners Management Co purchased a new position in Entegris during the 2nd quarter valued at about $208,000. 94.18% of the stock is owned by institutional investors.
Entegris Company Profile (NASDAQ:ENTG)
Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM), Microcontamination Control (MC), and Advanced Materials Handling (AMH).
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