Entegris (ENTG) Reaches New 52-Week High at $33.57

Shares of Entegris, Inc. (NASDAQ:ENTG) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $33.57 and last traded at $32.75, with a volume of 616600 shares traded. The stock had previously closed at $32.25.

ENTG has been the topic of a number of research analyst reports. Loop Capital lifted their price target on Entegris from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research lowered Entegris from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Dougherty & Co lifted their price target on Entegris from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. ValuEngine lowered Entegris from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Finally, Citigroup lifted their price target on Entegris from $29.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $32.55.

The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $4,610.00, a P/E ratio of 33.61, a PEG ratio of 1.84 and a beta of 1.52.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.06. The company had revenue of $345.60 million for the quarter, compared to analyst estimates of $334.30 million. Entegris had a return on equity of 18.82% and a net margin of 10.73%. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 earnings per share. research analysts expect that Entegris, Inc. will post 1.39 EPS for the current fiscal year.

In other Entegris news, VP Corey Rucci sold 3,528 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $32.68, for a total transaction of $115,295.04. Following the transaction, the vice president now owns 22,436 shares of the company’s stock, valued at $733,208.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Stuart Tison sold 3,814 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $31.00, for a total value of $118,234.00. Following the transaction, the senior vice president now directly owns 81,943 shares in the company, valued at approximately $2,540,233. The disclosure for this sale can be found here. Insiders have sold 21,296 shares of company stock worth $666,592 in the last three months. 1.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. boosted its stake in Entegris by 1.2% during the second quarter. Ameritas Investment Partners Inc. now owns 12,364 shares of the semiconductor company’s stock worth $271,000 after buying an additional 148 shares during the last quarter. 1st Global Advisors Inc. lifted its stake in shares of Entegris by 0.6% in the 2nd quarter. 1st Global Advisors Inc. now owns 34,720 shares of the semiconductor company’s stock valued at $762,000 after purchasing an additional 206 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of Entegris by 0.7% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 44,290 shares of the semiconductor company’s stock valued at $972,000 after purchasing an additional 290 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its stake in shares of Entegris by 1.1% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 47,487 shares of the semiconductor company’s stock valued at $1,042,000 after purchasing an additional 500 shares during the last quarter. Finally, Nationwide Fund Advisors lifted its stake in shares of Entegris by 0.3% in the 2nd quarter. Nationwide Fund Advisors now owns 191,245 shares of the semiconductor company’s stock valued at $4,198,000 after purchasing an additional 505 shares during the last quarter. 96.17% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This story was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://www.com-unik.info/2018/01/10/entegris-entg-reaches-new-52-week-high-at-33-57.html.

About Entegris

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).

Receive News & Ratings for Entegris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit