According to Zacks, “Entegris is a leading provider of materials management solutions to the microelectronics industry including, in particular, the semiconductor manufacturing and disk manufacturing markets. The company’s materials management solutions for the semiconductor industry assure the integrity of materials as they are handled, stored, processed and transported throughout the semiconductor manufacturing process. These solutions enable customers to protect their investment in work-in-process and finished devices. “
Other analysts also recently issued reports about the company. Craig Hallum restated a buy rating on shares of Entegris in a research note on Thursday, July 28th. Citigroup Inc. boosted 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. Dougherty & Co downgraded Entegris from a buy rating to a neutral rating in a research note on Thursday, July 28th. Finally, Pacific Crest boosted 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. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $19.00.
Shares of Entegris (NASDAQ:ENTG) opened at 17.14 on Tuesday. The stock has a 50 day moving average price of $16.99 and a 200-day moving average price of $14.84. Entegris has a 52 week low of $10.37 and a 52 week high of $17.73. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 26.78 and a beta of 1.83.
Entegris (NASDAQ:ENTG) last posted its earnings results on Wednesday, July 27th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. The business had revenue of $303.10 million for the quarter, compared to analyst estimates of $278.93 million. Entegris had a return on equity of 15.38% and a net margin of 8.14%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS. On average, equities research analysts forecast that Entegris will post $0.91 earnings per share for the current year.
In other news, major shareholder Gmt Capital Corp sold 61,900 shares of the company’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $17.40, for a total transaction of $1,077,060.00. Following the completion of the sale, the insider now directly owns 14,052,510 shares in the company, valued at approximately $244,513,674. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Gregory B. Graves sold 37,896 shares of the company’s stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $15.01, for a total value of $568,818.96. Following the sale, the chief financial officer now owns 131,946 shares of the company’s stock, valued at $1,980,509.46. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Fiera Capital Corp bought a new stake in Entegris during the second quarter worth $35,651,000. Norges Bank bought a new stake in Entegris during the fourth quarter worth $14,457,000. Skyline Asset Management LP bought a new stake in Entegris during the first quarter worth $14,458,000. Silvercrest Asset Management Group LLC increased its stake in Entegris by 21.7% in the second quarter. Silvercrest Asset Management Group LLC now owns 4,149,706 shares of the company’s stock worth $60,046,000 after buying an additional 740,223 shares during the last quarter. Finally, Teachers Advisors Inc. increased its stake in Entegris by 351.9% in the first quarter. Teachers Advisors Inc. now owns 917,051 shares of the company’s stock worth $12,490,000 after buying an additional 714,120 shares during the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.
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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