Entegris Inc. (ENTG) Sees Unusually-High Trading Volume
Entegris Inc. (NASDAQ:ENTG) saw an uptick in trading volume on Monday . 402,522 shares changed hands during mid-day trading, a decline of 17% from the previous session’s volume of 482,871 shares.The stock last traded at $17.54 and had previously closed at $17.37.
A number of brokerages have commented on ENTG. Zacks Investment Research raised Entegris from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a research note on Thursday, July 28th. Citigroup Inc. lifted their price objective on Entegris from $14.50 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, July 28th. Dougherty & Co lowered Entegris from a “buy” rating to a “neutral” rating in a research report on Thursday, July 28th. Craig Hallum reiterated a “buy” rating on shares of Entegris in a research report on Thursday, July 28th. Finally, Pacific Crest lifted their price objective on Entegris from $16.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Entegris has a consensus rating of “Buy” and an average price target of $19.00.
The firm has a market cap of $2.47 billion and a PE ratio of 27.36. The firm has a 50 day moving average price of $16.36 and a 200 day moving average price of $14.19.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.08. The business earned $303.10 million during the quarter, compared to analysts’ expectations of $278.93 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts anticipate that Entegris Inc. will post $0.91 earnings per share for the current year.
In other news, insider John J. Murphy sold 4,347 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $16.81, for a total value of $73,073.07. Following the sale, the insider now directly owns 72,486 shares in the company, valued at $1,218,489.66. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Brian F. Sullivan sold 9,391 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $17.01, for a total value of $159,740.91. Following the completion of the sale, the director now owns 103,213 shares in the company, valued at $1,755,653.13. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE increased its position in Entegris by 19.3% in the fourth quarter. US Bancorp DE now owns 81,706 shares of the company’s stock valued at $1,085,000 after buying an additional 13,215 shares during the last quarter. Wells Fargo & Company MN increased its position in Entegris by 20.5% in the fourth quarter. Wells Fargo & Company MN now owns 906,128 shares of the company’s stock valued at $12,024,000 after buying an additional 154,221 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Entegris by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,093,097 shares of the company’s stock valued at $54,317,000 after buying an additional 207,121 shares during the last quarter.
Entegris, Inc is a developer, manufacturer and supplier of materials and solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company designs, manufactures and markets its products through two segments: Critical Materials Handling and Electronic Materials.
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