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Entegris Inc (ENTG) Is Now En Route to Higher Prices

Entegris Inc (NASDAQ: ENTG) is -13.94% lower on its value in year-to-date trading and has touched a low of $89.09 and a high of $147.57 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ENTG stock was last observed hovering at around $100.98 in the last trading session, with the day’s gains setting it 2.14%.

Currently trading at $103.12, the stock is -2.14% and -5.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.79 million and changing 2.12% at the moment leaves the stock -17.09% off its SMA200. ENTG registered 11.77% gain for a year compared to 6-month loss of -22.29%. The firm has a 50-day simple moving average (SMA 50) of $109.0622 and a 200-day simple moving average (SMA200) of $124.4657.

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The stock witnessed a -6.37% gain in the last 1 month and extending the period to 3 months gives it a 5.13%, and is -5.14% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.22% over the week and 3.31% over the month.

Entegris Inc (ENTG) has around 8000 employees, a market worth around $15.57B and $3.20B in sales. Current P/E ratio is 68.48 and Fwd P/E is 26.85. Profit margin for the company is 7.13%. Distance from 52-week low is 15.75% and -30.12% from its 52-week high. The company has generated returns on investments over the last 12 months (2.96%).

with sales reaching $858.28M over the same period.The EPS is expected to grow by 12.20% this year, but quarterly earnings will post -7.30% year-over-year. Quarterly sales are estimated to grow 5.70% in year-over-year returns.

Entegris Inc (ENTG) Top Institutional Holders

817.0 institutions hold shares in Entegris Inc (ENTG), with institutional investors hold 104.29% of the company’s shares. The shares outstanding are 150.36M, and float is at 150.25M with Short Float at 3.28%. Institutions hold 103.95% of the Float.

The top institutional shareholder in the company is BLACKROCK INC. with over 16.17 million shares valued at $2.19 billion. The investor’s holdings represent 10.7231% of the ENTG Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 14.86 million shares valued at $2.01 billion to account for 9.8519 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 9.5 million shares representing 6.2974% and valued at over $1.29 billion, while SANDS CAPITAL MANAGEMENT, LLC holds 5.0077 of the shares totaling 7.55 million with a market value of $1.02 billion.

Entegris Inc (ENTG) Insider Activity

The most recent transaction is an insider sale by Woodland Daniel D., the company’s President, APS Division. SEC filings show that Woodland Daniel D. sold 15,000 shares of the company’s common stock on Jul 11 ’24 at a price of $145.00 per share for a total of $2.17 million. Following the sale, the insider now owns 37457.0 shares.

Entegris Inc disclosed in a document filed with the SEC on Jul 03 ’24 that LOY BERTRAND (President & CEO) sold a total of 27,044 shares of the company’s common stock. The trade occurred on Jul 03 ’24 and was made at $140.63 per share for $3.8 million. Following the transaction, the insider now directly holds 0.26 million shares of the ENTG stock.

Still, SEC filings show that on Jul 03 ’24, Woodland Daniel D. (President, APS Division) disposed off 15,000 shares at an average price of $140.00 for $2.1 million. The insider now directly holds 37,457 shares of Entegris Inc (ENTG).

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