The stock of Entegris Inc (NASDAQ:ENTG) hit a new 52-week high and has $22.57 target or 23.00% above today’s $18.35 share price. The 6 months bullish chart indicates low risk for the $2.59B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $22.57 price target is reached, the company will be worth $595.70 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 406,027 shares traded hands. Entegris Inc (NASDAQ:ENTG) has risen 34.69% since April 15, 2016 and is uptrending. It has outperformed by 30.06% the S&P500.
Entegris Inc (NASDAQ:ENTG) Ratings Coverage
Out of 3 analysts covering Entegris (NASDAQ:ENTG), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $20 is the highest target while $15 is the lowest. The $17.50 average target is -4.63% below today’s ($18.35) stock price. Entegris has been the topic of 3 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating by Pacific Crest given on Monday, January 25. The company was upgraded on Thursday, October 27 by Dougherty & Company.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 1.16 in 2016 Q2. Its down 0.20, from 1.36 in 2016Q1. The ratio fall, as 22 funds sold all Entegris Inc shares owned while 41 reduced positions. 18 funds bought stakes while 55 increased positions. They now own 138.09 million shares or 0.95% less from 139.41 million shares in 2016Q1.
Glenmede Tru Com Na last reported 0.13% of its portfolio in the stock. Pacad Inv Limited has 5,564 shares for 0.01% of their US portfolio. Federated Inc Pa has 664 shares for 0% of their US portfolio. White Pine Limited Liability has 0.4% invested in the company for 65,750 shares. Northern Trust accumulated 3.95M shares or 0.02% of the stock. Ladenburg Thalmann Fin Ser Incorporated has invested 0% of its portfolio in Entegris Inc (NASDAQ:ENTG). Heartland Advsr has invested 0.35% of its portfolio in Entegris Inc (NASDAQ:ENTG). Davenport & Co Ltd Co accumulated 0% or 14,032 shares. Washington National Bank & Trust holds 884 shares or 0% of its portfolio. Moreover, Genesee Valley has 0.12% invested in Entegris Inc (NASDAQ:ENTG) for 12,575 shares. Netols Asset Mngmt Inc reported 427,840 shares or 1.4% of all its holdings. Great West Life Assurance Can holds 0% of its portfolio in Entegris Inc (NASDAQ:ENTG) for 13,488 shares. D E Shaw last reported 0.01% of its portfolio in the stock. Needham Invest Limited Liability Corp last reported 727,000 shares in the company. Gamco Invsts Et Al has 0.01% invested in the company for 62,000 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 18 selling transactions for $31.18 million net activity. On Monday, August 1 Murphy John J sold $73,091 worth of the stock or 4,347 shares. The insider GRAVES GREGORY B sold $419,124. 5,928 Entegris Inc (NASDAQ:ENTG) shares with value of $103,990 were sold by Shaner William James. Another trade for 7,346 shares valued at $124,129 was sold by Rucci Corey. $3.19M worth of Entegris Inc (NASDAQ:ENTG) was sold by GMT CAPITAL CORP. Marshall Gregory Bryan had sold 5,974 shares worth $104,860 on Tuesday, August 23. Tison Stuart sold 9,532 shares worth $149,161.
More news for Entegris Inc (NASDAQ:ENTG) were recently published by: Marketwatch.com, which released: “Entegris Inc. NASDAQ: ENTG” on December 21, 2009. Fool.com‘s article titled: “Why Shares of Entegris Inc. Jumped Today” and published on July 27, 2016 is yet another important article.
ENTG Company Profile
Entegris, Inc., incorporated on March 17, 2005, is a developer, maker and supplier of materials and solutions for manufacturing processes in the semiconductor and other high-technology industries. The Firm designs, makes and markets its products through two divisions: Critical Materials Handling and Electronic Materials. In the Critical Materials Handling segment, the Company offers a range of products that purify, monitor and deliver critical liquids and gases to the semiconductor manufacturing process and similar manufacturing processes, as well as microenvironment products. In the Electronic Materials segment, the Company offers a range of materials and materials delivery systems to support the advanced semiconductor manufacturing processes. The Company’s products and materials are used to manufacture semiconductors, micro-electromechanical systems (MEMS), flat panel displays, light emitting diodes (LEDs), high-purity chemicals and critical components for aerospace, glass manufacturing and biomedical applications.
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