Robert Nicholas Burns Sells 4,901 Shares of Entegris, Inc. (ENTG) Stock

Entegris, Inc. (NASDAQ:ENTG) Director Robert Nicholas Burns sold 4,901 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $24.51, for a total transaction of $120,123.51. Following the transaction, the director now directly owns 51,272 shares in the company, valued at $1,256,676.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Entegris, Inc. (ENTG) traded up 0.43% during mid-day trading on Friday, reaching $23.55. 99,971 shares of the company’s stock traded hands. Entegris, Inc. has a 12 month low of $14.73 and a 12 month high of $27.20. The firm’s 50-day moving average price is $24.47 and its 200 day moving average price is $23.42. The stock has a market capitalization of $3.34 billion, a PE ratio of 28.00 and a beta of 1.47.

Entegris (NASDAQ:ENTG) last issued its earnings results on Thursday, July 27th. The semiconductor company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm had revenue of $329 million during the quarter, compared to analysts’ expectations of $324.51 million. Entegris had a return on equity of 17.04% and a net margin of 9.63%. Entegris’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business earned $0.28 earnings per share. Equities research analysts predict that Entegris, Inc. will post $1.28 EPS for the current year.

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ENTG has been the topic of a number of recent research reports. BidaskClub raised shares of Entegris from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research raised shares of Entegris from a “hold” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a research report on Monday, July 31st. Deutsche Bank AG initiated coverage on shares of Entegris in a research report on Wednesday, July 5th. They set a “hold” rating and a $24.00 target price on the stock. Craig Hallum cut shares of Entegris from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. They noted that the move was a valuation call. Finally, Dougherty & Co upped their price target on shares of Entegris from $26.50 to $27.50 and gave the company a “buy” rating in a report on Friday, April 28th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $27.50.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Swiss National Bank boosted its position in shares of Entegris by 1.6% in the first quarter. Swiss National Bank now owns 232,400 shares of the semiconductor company’s stock valued at $5,438,000 after buying an additional 3,700 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Entegris by 12.1% in the first quarter. Bank of New York Mellon Corp now owns 864,891 shares of the semiconductor company’s stock valued at $20,238,000 after buying an additional 93,089 shares during the period. American Century Companies Inc. boosted its position in shares of Entegris by 75.8% in the first quarter. American Century Companies Inc. now owns 373,793 shares of the semiconductor company’s stock valued at $8,747,000 after buying an additional 161,192 shares during the period. Wells Fargo & Company MN boosted its position in shares of Entegris by 5.7% in the first quarter. Wells Fargo & Company MN now owns 936,434 shares of the semiconductor company’s stock valued at $21,913,000 after buying an additional 50,851 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of Entegris by 22.9% in the first quarter. Russell Investments Group Ltd. now owns 269,909 shares of the semiconductor company’s stock valued at $6,316,000 after buying an additional 50,220 shares during the period. 97.16% of the stock is owned by hedge funds and other institutional investors.

Entegris Company Profile

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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