The stock of Entegris Inc (NASDAQ:ENTG) hit a new 52-week high and has $19.61 target or 6.00% above today’s $18.50 share price. The 5 months bullish chart indicates low risk for the $2.63 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $19.61 price target is reached, the company will be worth $157.80 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. The stock last traded at $18.5 per share. It is down 36.83% since April 20, 2016 and is uptrending. It has outperformed by 32.28% the S&P500.
Entegris Inc (NASDAQ:ENTG) Ratings Coverage
Out of 4 analysts covering Entegris (NASDAQ:ENTG), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $20 is the highest target while $15 is the lowest. The $17.50 average target is -5.41% below today’s ($18.5) stock price. Entegris has been the topic of 4 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was upgraded by Dougherty & Company on Thursday, October 27 to “Buy”. The rating was upgraded by Pacific Crest to “Overweight” on Monday, January 25. The rating was initiated by Needham with “Hold” on Monday, November 21.
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 increased to 1.62 in 2016 Q2. Its up 0.46, from 1.16 in 2016Q1. The ratio is positive, 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.
Peoples Financial Services, a Pennsylvania-based fund reported 251 shares. Employees Retirement Association Of Colorado accumulated 30,148 shares or 0% of the stock. Alliancebernstein Lp reported 213,111 shares or 0% of all its holdings. Susquehanna Intl Ltd Liability Partnership last reported 0% of its portfolio in the stock. Dimensional Fund Advsr Limited Partnership last reported 0.04% of its portfolio in the stock. Envestnet Asset Mgmt has 58,332 shares for 0% of their US portfolio. The Quebec – Canada-based Fiera Cap has invested 0.2% in Entegris Inc (NASDAQ:ENTG). Amalgamated National Bank has 0.01% invested in the company for 15,129 shares. Earnest Prtnrs accumulated 1.07% or 6.82M shares. Systematic Fincl Lp last reported 0.18% of its portfolio in the stock. Moreover, Bessemer has 0% invested in Entegris Inc (NASDAQ:ENTG) for 3,650 shares. Northern Tru Corporation owns 3.95 million shares or 0.02% of their US portfolio. Moreover, Blackrock Advsr Limited has 0% invested in Entegris Inc (NASDAQ:ENTG) for 88,249 shares. Guggenheim Capital Lc has invested 0% of its portfolio in Entegris Inc (NASDAQ:ENTG). Shapiro Capital Mgmt accumulated 0.01% or 13.09 million shares.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 19 insider sales for $31.40 million net activity. $20.01M worth of Entegris Inc (NASDAQ:ENTG) shares were sold by GMT CAPITAL CORP. $73,091 worth of Entegris Inc (NASDAQ:ENTG) was sold by Murphy John J. $159,757 worth of Entegris Inc (NASDAQ:ENTG) shares were sold by SULLIVAN BRIAN F. 12,000 shares were sold by OLSON PAUL L H, worth $219,126 on Thursday, November 17. $102,748 worth of Entegris Inc (NASDAQ:ENTG) shares were sold by LEDERER JAMES P. $356,342 worth of shares were sold by Shaner William James on Wednesday, June 1. $124,129 worth of Entegris Inc (NASDAQ:ENTG) shares were sold by Rucci Corey.
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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