Gregory B. Graves Sells 4,908 Shares of Entegris, Inc. (ENTG) Stock
Entegris, Inc. (NASDAQ:ENTG) CFO Gregory B. Graves sold 4,908 shares of the business’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $26.00, for a total value of $127,608.00. Following the completion of the sale, the chief financial officer now owns 65,554 shares in the company, valued at $1,704,404. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Entegris, Inc. (NASDAQ ENTG) traded down 0.19% on Friday, hitting $25.85. The stock had a trading volume of 650,459 shares. Entegris, Inc. has a 12 month low of $14.56 and a 12 month high of $27.20. The stock has a market cap of $3.66 billion, a PE ratio of 32.31 and a beta of 1.44. The firm’s 50 day moving average price is $24.14 and its 200-day moving average price is $22.53.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. The business had revenue of $317.40 million during the quarter, compared to the consensus estimate of $304.62 million. Entegris had a net margin of 9.26% and a return on equity of 16.65%. The business’s revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 EPS. On average, analysts forecast that Entegris, Inc. will post $1.16 EPS for the current year.
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Several equities research analysts have weighed in on ENTG shares. Dougherty & Co boosted their price objective on Entegris from $26.50 to $27.50 and gave the stock a “buy” rating in a research note on Friday, April 28th. Craig Hallum cut Entegris from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) raised Entegris from a “buy” rating to a “conviction-buy” rating and set a $29.00 price objective on the stock in a research note on Monday, May 22nd. BidaskClub cut Entegris from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, Zacks Investment Research cut Entegris from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Entegris currently has a consensus rating of “Buy” and a consensus target price of $25.39.
Several hedge funds have recently made changes to their positions in ENTG. FMR LLC increased its stake in shares of Entegris by 74.7% in the fourth quarter. FMR LLC now owns 935,800 shares of the semiconductor company’s stock worth $16,751,000 after buying an additional 400,000 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of Entegris by 273.2% in the fourth quarter. Guggenheim Capital LLC now owns 40,011 shares of the semiconductor company’s stock worth $716,000 after buying an additional 29,291 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Entegris by 31.1% in the fourth quarter. AQR Capital Management LLC now owns 198,333 shares of the semiconductor company’s stock worth $3,550,000 after buying an additional 47,091 shares in the last quarter. Norges Bank purchased a new stake in shares of Entegris during the fourth quarter worth about $20,982,000. Finally, Teachers Advisors LLC increased its stake in shares of Entegris by 50.2% in the fourth quarter. Teachers Advisors LLC now owns 1,122,845 shares of the semiconductor company’s stock worth $20,099,000 after buying an additional 375,065 shares in the last quarter. Institutional investors and hedge funds own 97.78% of the company’s stock.
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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