Entegris Inc (ENTG) is Initiated by Needham to Hold

Entegris Inc (ENTG) was Initiated by Needham to “Hold”. Needham advised their investors in a research report released on Nov 21, 2016.

Many Wall Street Analysts have commented on Entegris Inc. Entegris Inc was Initiated by Needham to “Hold” on Nov 21, 2016. Dougherty & Company Upgraded Entegris Inc on Oct 27, 2016 to ” Buy”, Price Target of the shares are set at $20.

On the company’s financial health, Entegris Inc reported $0.24 EPS for the quarter, based on the information available during the earnings call on Oct 26, 2016. Analyst had a consensus estimate of $0.24. The company had revenue of $296.70 million for the quarter, compared to analysts expectations of $292.69 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Entegris Inc opened for trading at $18.45 and hit $18.55 on the upside on Monday, eventually ending the session at $18.45, with a gain of 0.54% or 0.1 points. The heightened volatility saw the trading volume jump to 5,69,061 shares. Company has a market cap of $2,608 M.

In a different news, on Nov 4, 2016, Stuart Tison (Sr. V.P./G.M. Specialty Chem) sold 9,532 shares at $15.65 per share price. According to the SEC, on Oct 7, 2016, Gregory B Graves (EVP & CFO) sold 23,948 shares at $17.50 per share price. On Aug 24, 2016, Gregory Bryan Marshall (Sr. V.P. Quality, EBS) sold 5,974 shares at $17.55 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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