Entegris Inc. (ENTG) Sets New 12-Month High at $15.29
Entegris Inc. (NASDAQ:ENTG) hit a new 52-week high during trading on Thursday . The company traded as high as $15.29 and last traded at $15.20, with a volume of 185,830 shares changing hands. The stock had previously closed at $14.99.
Separately, Zacks Investment Research downgraded shares of Entegris from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
The stock’s 50-day moving average is $14.35 and its 200 day moving average is $13.05. The company has a market capitalization of $2.13 billion and a price-to-earnings ratio of 26.53.
Entegris (NASDAQ:ENTG) last released its earnings results on Tuesday, April 26th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The company earned $267 million during the quarter, compared to analyst estimates of $258.26 million. During the same period in the prior year, the business posted $0.18 earnings per share. Entegris’s revenue was up 1.4% on a year-over-year basis. On average, equities analysts expect that Entegris Inc. will post $0.82 earnings per share for the current year.
In related news, VP William James Shaner sold 24,746 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $14.40, for a total value of $356,342.40. Following the sale, the vice president now directly owns 85,047 shares of the company’s stock, valued at $1,224,676.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel W. Christman sold 4,695 shares of the firm’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $13.49, for a total transaction of $63,335.55. Following the completion of the sale, the director now directly owns 75,362 shares in the company, valued at $1,016,633.38. The disclosure for this sale can be found here.
Several large investors recently added to or reduced their stakes in the company. US Bancorp DE boosted its stake 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 in the last quarter. Nationwide Fund Advisors boosted its stake in Entegris by 1.3% in the fourth quarter. Nationwide Fund Advisors now owns 106,976 shares of the company’s stock valued at $1,420,000 after buying an additional 1,392 shares in the last quarter. Rhumbline Advisers boosted its stake in Entegris by 3.5% in the fourth quarter. Rhumbline Advisers now owns 169,887 shares of the company’s stock valued at $2,254,000 after buying an additional 5,820 shares in the last quarter. California State Teachers Retirement System boosted its stake in Entegris by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 259,844 shares of the company’s stock valued at $3,448,000 after buying an additional 4,121 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake 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 in 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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