Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Entegris Inc. shares valued at $379,155 were sold by O’Neill James Anthony on Jun 02. At $115.00 per share, O’Neill James Anthony sold 3,297 shares. The insider’s holdings dropped to 15,131 shares worth approximately $1.32 million following the completion of this transaction.
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Also, GRAVES GREGORY B sold 12,142 shares, netting a total of over 1,616,092 in proceeds. Following the sale of shares at $133.10 each, the insider now holds 20,980 shares.
Before that, Edlund Todd James had sold 24,289 shares from its account. In a trade valued at $3,335,408, the EVP & COO traded Entegris Inc. shares for $137.32 each. Upon closing the transaction, the insider’s holdings decreased to 24,289 shares, worth approximately $15.28 million.
Analysts at Mizuho upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early February. As of January 19, 2022, Deutsche Bank has increased its “Hold” rating to a “Buy” for ENTG. Earlier on January 18, 2022, Seaport Research Partners upgraded its rating. Their new recommendation was “a Buy” for ENTG stock which previously was a “a Neutral”.
Analyzing ENTG’s Price Performance
On Thursday, Entegris Inc. [NASDAQ: ENTG] plunged -4.76% to $87.09. The stock’s lowest price that day was $86.32, but it reached a high of $91.00 in the same session. During the last five days, there has been a drop of approximately -6.53%. Over the course of the year, Entegris Inc. shares have dropped approximately -37.16%. Shares of the company reached a 52-week high of $141.82 on 03/29/22 and a 52-week low of $85.92 on 07/05/22. A 50-day SMA is recorded $100.03, while a 200-day SMA reached $114.73. Nevertheless, trading volume fell to 2.0 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Entegris Inc. (ENTG)
According to the 24-hour chart, there is a support level at 85.27, which, if violated, would cause prices to drop to 83.46. In the upper region, resistance lies at 89.95. The next price resistance is at 92.82. RSI (Relative Strength Index) is 34.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.80, which suggests the price will decrease in the coming days. Percent R is at 95.72%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Entegris Inc. subject to short interest?
Stocks of Entegris Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.76 million shares to 5.57 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.33 million shares. A decline of -31.6% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.64 of the overall float, the days-to-cover ratio (short ratio) decline to 2.64.
Which companies own the most shares of Entegris Inc. (ENTG)?
According to The Vanguard Group, Inc. filings, the company currently owns 13,603,955 shares, which is about 9.13% of the total ENTG shares outstanding. The investor’s shares have appreciated by 159,966 from its previous 13-F filing of 13443989.0 shares. With the completion of the buy transaction, Select Equity Group LP’s stake is now worth $916,783,788. T. Rowe Price Associates, Inc. reduced a -2.51% interest valued at $846.2 million while BlackRock Fund Advisors sold a -205,738 stake. A total of 1,305,344 shares of Entegris Inc. were sold by AllianceBernstein LP during the quarter, and 306,062 were bought by Sands Capital Management LLC. In its current portfolio, BlackRock Advisors LLC holds 4,451,563 shares valued at $422.36 million.