Entegris Inc. (ENTG) CFO Gregory B. Graves Sells 23,948 Shares
Entegris Inc. (NASDAQ:ENTG) CFO Gregory B. Graves sold 23,948 shares of the stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $17.50, for a total value of $419,090.00. Following the completion of the transaction, the chief financial officer now owns 98,939 shares of the company’s stock, valued at $1,731,432.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Entegris Inc. (NASDAQ:ENTG) opened at 17.14 on Friday. Entegris Inc. has a 12-month low of $10.37 and a 12-month high of $17.73. The firm has a market capitalization of $2.42 billion, a P/E ratio of 26.78 and a beta of 1.80. The company has a 50-day moving average price of $17.07 and a 200-day moving average price of $15.06.
Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.08. Entegris had a net margin of 8.14% and a return on equity of 15.38%. The business earned $303.10 million during the quarter, compared to analyst estimates of $278.93 million. During the same period in the previous year, the business earned $0.24 EPS. Entegris’s revenue was up 8.0% compared to the same quarter last year. Equities analysts predict that Entegris Inc. will post $0.91 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENTG. HBK Investments L P raised its position in Entegris by 179.9% in the first quarter. HBK Investments L P now owns 47,600 shares of the company’s stock worth $648,000 after buying an additional 30,593 shares in the last quarter. Adirondack Research & Management Inc. acquired a new position in Entegris during the first quarter worth $439,000. Geode Capital Management LLC raised its position in Entegris by 6.1% in the first quarter. Geode Capital Management LLC now owns 971,993 shares of the company’s stock worth $13,238,000 after buying an additional 55,683 shares in the last quarter. Primecap Management Co. CA raised its position in Entegris by 0.3% in the first quarter. Primecap Management Co. CA now owns 5,240,850 shares of the company’s stock worth $71,380,000 after buying an additional 14,200 shares in the last quarter. Finally, State Street Corp raised its position in Entegris by 2.6% in the first quarter. State Street Corp now owns 2,334,175 shares of the company’s stock worth $31,787,000 after buying an additional 59,677 shares in the last quarter. Institutional investors and hedge funds own 98.39% of the company’s stock.
ENTG has been the subject of a number of research reports. Zacks Investment Research upgraded Entegris from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a research note on Thursday, July 28th. Dougherty & Co cut Entegris from a “buy” rating to a “neutral” rating in a research note on Thursday, July 28th. Pacific Crest increased their price target on Entegris from $16.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, July 28th. Craig Hallum reiterated a “buy” rating on shares of Entegris in a research note on Thursday, July 28th. Finally, Citigroup Inc. increased their price target on Entegris from $14.50 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, July 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.00.
Entegris Company Profile
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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