Price Action to Note: What’s Next for Entegris Inc After Achieving 52-Week High?

Price Action to Note: What's Next for Entegris Inc After Achieving 52 Week High?

The stock of Entegris Inc (NASDAQ:ENTG) hit a new 52-week high and has $29.10 target or 63.00% above today’s $17.85 share price. The 7 months bullish chart indicates low risk for the $2.58B company. The 1-year high was reported on Nov, 11 by If the $29.10 price target is reached, the company will be worth $1.63 billion 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 645,966 shares traded hands or 23.77% up from the average. Entegris Inc (NASDAQ:ENTG) has risen 29.91% since April 11, 2016 and is uptrending. It has outperformed by 23.76% 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. Entegris has been the topic of 3 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Entegris Inc (NASDAQ:ENTG) has “Buy” rating given on Thursday, October 27 by Dougherty & Company. Pacific Crest upgraded Entegris Inc (NASDAQ:ENTG) on Monday, January 25 to “Overweight” rating.

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 is negative, 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.
The Pennsylvania-based Nationwide Fund Advsr has invested 0.01% in Entegris Inc (NASDAQ:ENTG). Blackrock Institutional Company Na accumulated 0.01% or 3.51 million shares. Systematic Mngmt L P, a New Jersey-based fund reported 932,466 shares. The California-based Wells Fargo & Communication Mn has invested 0% in Entegris Inc (NASDAQ:ENTG). Gabelli Funds Limited Liability Co holds 0.02% of its portfolio in Entegris Inc (NASDAQ:ENTG) for 215,000 shares. First Quadrant Lp Ca holds 0.03% or 90,300 shares in its portfolio. State Board Of Administration Of Florida Retirement Sys has invested 0.01% of its portfolio in Entegris Inc (NASDAQ:ENTG). First Republic Investment Mgmt reported 31,483 shares or 0% of all its holdings. Moreover, Harvey Ptnrs Limited Co has 4.8% invested in Entegris Inc (NASDAQ:ENTG) for 332,500 shares. Tiaa Cref Investment Mngmt Ltd Liability holds 0% or 436,581 shares in its portfolio. The Washington-based Washington National Bank & Trust has invested 0% in Entegris Inc (NASDAQ:ENTG). Genesee Valley Tru has 0.12% invested in the company for 12,575 shares. Citigroup holds 0% of its portfolio in Entegris Inc (NASDAQ:ENTG) for 37,866 shares. Public Employees Retirement Association Of Colorado accumulated 30,148 shares or 0% of the stock. Davenport And Lc, a Virginia-based fund reported 14,032 shares.

Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 18 selling transactions for $31.18 million net activity. On Wednesday, July 27 Edlund Todd James sold $251,369 worth of the stock or 15,322 shares. GMT CAPITAL CORP sold $1.76 million worth of stock. Shares for $152,780 were sold by OLSON PAUL L H. GRAVES GREGORY B sold $419,124 worth of Entegris Inc (NASDAQ:ENTG) on Wednesday, October 5. Rucci Corey also sold $124,129 worth of Entegris Inc (NASDAQ:ENTG) shares. LEDERER JAMES P also sold $102,748 worth of Entegris Inc (NASDAQ:ENTG) on Monday, August 22. Shaner William James also sold $356,342 worth of Entegris Inc (NASDAQ:ENTG) shares.

Another recent and important Entegris Inc (NASDAQ:ENTG) news was published by which published an article titled: “Why Shares of Entegris Inc. Jumped Today” on July 27, 2016.

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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