Entegris Inc (NASDAQ:ENTG) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 8,473,600 shares, a growth of 6.2% from the May 15th total of 7,980,600 shares. Based on an average daily trading volume, of 1,330,000 shares, the short-interest ratio is presently 6.4 days. Approximately 6.4% of the company’s shares are sold short.
Several brokerages recently issued reports on ENTG. Zacks Investment Research downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research note on Tuesday, June 25th. CL King initiated coverage on shares of Entegris in a research note on Thursday, June 20th. They set a “buy” rating and a $44.00 price objective on the stock. Goldman Sachs Group raised shares of Entegris from a “neutral” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Monday, June 10th. BidaskClub downgraded shares of Entegris from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Finally, ValuEngine downgraded shares of Entegris from a “buy” rating to a “hold” rating in a research note on Saturday, May 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Entegris currently has a consensus rating of “Hold” and an average price target of $44.29.
In related news, SVP Gregory Bryan Marshall sold 13,758 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $37.96, for a total transaction of $522,253.68. Following the transaction, the senior vice president now owns 12,435 shares of the company’s stock, valued at $472,032.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gregory B. Graves sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $40.39, for a total transaction of $1,211,700.00. Following the transaction, the chief financial officer now directly owns 67,861 shares in the company, valued at approximately $2,740,905.79. The disclosure for this sale can be found here. Insiders have sold 62,894 shares of company stock worth $2,514,479 in the last three months. Insiders own 1.50% of the company’s stock.
Large investors have recently bought and sold shares of the business. Icon Wealth Partners LLC purchased a new position in Entegris during the first quarter worth approximately $27,000. Parallel Advisors LLC acquired a new stake in shares of Entegris in the first quarter worth $34,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Entegris in the fourth quarter worth $36,000. Water Island Capital LLC acquired a new stake in shares of Entegris in the first quarter worth $36,000. Finally, FTB Advisors Inc. increased its position in shares of Entegris by 41.9% in the first quarter. FTB Advisors Inc. now owns 1,445 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 427 shares in the last quarter.
NASDAQ:ENTG traded down $0.73 during trading hours on Friday, reaching $37.32. 17,789,174 shares of the company were exchanged, compared to its average volume of 1,186,027. The company has a current ratio of 4.34, a quick ratio of 3.06 and a debt-to-equity ratio of 0.93. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 19.75 and a beta of 1.45. Entegris has a 52-week low of $23.39 and a 52-week high of $42.01. The company’s 50 day moving average is $36.52.
Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.03. The company had revenue of $391.00 million for the quarter, compared to the consensus estimate of $400.43 million. Entegris had a net margin of 13.71% and a return on equity of 26.00%. Entegris’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 earnings per share. On average, analysts forecast that Entegris will post 1.94 EPS for the current fiscal year.
Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).
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