Entegris Inc (ENTG) is Downgraded by Dougherty & Company to Neutral

Entegris Inc (ENTG) was Downgraded by Dougherty & Company to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Dougherty & Company advised their investors in a research report released on Jul 28, 2016.

On the company’s financial health, Entegris Inc reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.20. The company had revenue of $303.05 million for the quarter, compared to analysts expectations of $278.93 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Entegris Inc closed down -0.08 points or -0.47% at $16.87 with 14,78,754 shares getting traded on Thursday. Post opening the session at $16.65, the shares hit an intraday low of $16.56 and an intraday high of $17 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jul 14, 2016, Gregory B Graves (Exec. V.P. & CFO) sold 37,896 shares at $15.01 per share price. According to the SEC, on Jun 2, 2016, William James Shaner (Sr. V.P. Global Ops.) sold 24,746 shares at $14.40 per share price. On May 3, 2016, Daniel W Christman (director) sold 4,695 shares at $13.49 per share price, according to the Form-4 filing with the securities and exchange commission.

Entegris Inc. is a developer manufacturer and supplier of materials and solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company designs manufactures and markets its products through two segments: 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 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) chemicals and critical components for aerospace glass manufacturing and biomedical applications.

Entegris Inc

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