How Analysts Feel About Entegris, Inc. (ENTG) After Reaching 52-Week High?

June 13, 2018 - By Michael Collier

Entegris, Inc. (NASDAQ:ENTG) Logo

Investors sentiment decreased to 0.91 in Q1 2018. Its down 0.39, from 1.3 in 2017Q4. It dropped, as 20 investors sold Entegris, Inc. shares while 96 reduced holdings. 38 funds opened positions while 67 raised stakes. 129.26 million shares or 1.23% less from 130.87 million shares in 2017Q4 were reported.
Needham Investment Lc has invested 5.17% in Entegris, Inc. (NASDAQ:ENTG). Systematic Mngmt Limited Partnership has invested 0.29% in Entegris, Inc. (NASDAQ:ENTG). West Oak Capital Limited Company invested in 2,445 shares. White Pine Lc holds 0.22% in Entegris, Inc. (NASDAQ:ENTG) or 16,860 shares. Impax Asset Mgmt Ltd Company, a New Hampshire-based fund reported 156,100 shares. Usa Fincl Portformulas holds 12,602 shares or 0.11% of its portfolio. Chicago Equity Ptnrs Llc has 30,440 shares for 0.03% of their portfolio. Teacher Retirement System Of Texas reported 31,304 shares. Primecap Management Ca stated it has 4.82 million shares or 0.13% of all its holdings. 250,900 are owned by Teton Advsrs. Nj State Employees Deferred Compensation Plan reported 20,000 shares. Us Bancshares De owns 51,104 shares. Redwood Ltd Liability Com holds 1.74% or 680,268 shares. Asset Mngmt One accumulated 0.01% or 101,163 shares. Millennium Mngmt Lc holds 0.03% or 717,791 shares.

Since December 14, 2017, it had 0 insider buys, and 8 selling transactions for $10.34 million activity. BRADLEY MICHAEL A sold 15,754 shares worth $548,307. Shares for $90,628 were sold by OLSON PAUL L H on Thursday, December 14. $899,907 worth of Entegris, Inc. (NASDAQ:ENTG) shares were sold by GRAVES GREGORY B. Shaner William James sold $333,312 worth of Entegris, Inc. (NASDAQ:ENTG) on Tuesday, February 27. LOY BERTRAND sold 175,000 shares worth $5.86 million. On Thursday, March 8 Edlund Todd James sold $252,236 worth of Entegris, Inc. (NASDAQ:ENTG) or 6,945 shares.

The stock of Entegris, Inc. (NASDAQ:ENTG) hit a new 52-week high and has $43.08 target or 9.00 % above today’s $39.53 share price. The 5 months bullish chart indicates low risk for the $5.60 billion company. The 1-year high was reported on Jun, 13 by Barchart.com. If the $43.08 price target is reached, the company will be worth $504.18M 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.

The stock increased 1.74% or $0.675 during the last trading session, reaching $39.525. About 214,291 shares traded. Entegris, Inc. (NASDAQ:ENTG) has risen 43.69% since June 13, 2017 and is uptrending. It has outperformed by 31.12% the S&P500.

Analysts await Entegris, Inc. (NASDAQ:ENTG) to report earnings on July, 26. They expect $0.45 EPS, up 32.35 % or $0.11 from last year’s $0.34 per share. ENTG’s profit will be $63.78 million for 21.96 P/E if the $0.45 EPS becomes a reality. After $0.47 actual EPS reported by Entegris, Inc. for the previous quarter, Wall Street now forecasts -4.26 % negative EPS growth.

Entegris, Inc. (NASDAQ:ENTG) Ratings Coverage

Among 6 analysts covering Entegris (NASDAQ:ENTG), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Entegris has $4700 highest and $36.0 lowest target. $42.67’s average target is 7.96% above currents $39.525 stock price. Entegris had 13 analyst reports since December 15, 2017 according to SRatingsIntel. The stock of Entegris, Inc. (NASDAQ:ENTG) has “Buy” rating given on Thursday, February 15 by Citigroup. The stock has “Buy” rating by Craig Hallum on Wednesday, March 21. Craig Hallum upgraded the shares of ENTG in report on Friday, June 8 to “Buy” rating. The stock has “Buy” rating by Stifel Nicolaus on Sunday, March 18. The stock of Entegris, Inc. (NASDAQ:ENTG) has “Buy” rating given on Tuesday, February 6 by KeyBanc Capital Markets. The rating was maintained by Seaport Global with “Buy” on Wednesday, March 21. The company was maintained on Tuesday, February 6 by Stifel Nicolaus. As per Wednesday, March 21, the company rating was maintained by Needham. Needham maintained Entegris, Inc. (NASDAQ:ENTG) on Friday, June 8 with “Buy” rating. The stock has “Overweight” rating by KeyBanc Capital Markets on Wednesday, March 21.

More news for Entegris, Inc. (NASDAQ:ENTG) were recently published by: Businesswire.com, which released: “Entegris Announces Agreement to Acquire SAES Pure Gas Business, Makers of Molecular Gas Purification Products …” on June 06, 2018. Seekingalpha.com‘s article titled: “Entegris, Inc. (ENTG) Entegris Announces Agreement to Acquire SAES Pure Gas Business Conference (Transcript)” and published on June 07, 2018 is yet another important article.

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. The company has market cap of $5.60 billion. The firm operates in three divisions: Specialty Chemicals and Engineered Materials, Advanced Materials Handling, and Microcontamination Control. It has a 66.99 P/E ratio. The Specialty Chemicals and Engineered Materials segment provides high-performance and high-purity process chemistries, gases, and materials, as well as safe and efficient delivery systems to support semiconductor and other advanced manufacturing processes.

Entegris, Inc. (NASDAQ:ENTG) Institutional Positions Chart

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