Checking in on Entegris Inc. (ENTG) after recent insiders movement

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Entegris Inc.’s recent filing unveils that its SVP & CTO O’Neill James Anthony unloaded Company’s shares for reported $0.38 million on Jun 02. In the deal valued at $115.00 per share,3,297 shares were sold. As a result of this transaction, O’Neill James Anthony now holds 15,131 shares worth roughly $ 1.2 million.

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Then, GRAVES GREGORY B sold 12,142 shares, generating $1,616,092 in total proceeds. Upon selling the shares at $133.10, the EVP & CFO now owns 20,980 shares.

Before that, Edlund Todd James sold 24,289 shares. Entegris Inc. shares valued at $3,335,408 were divested by the EVP & COO at a price of $137.32 per share. As a result of the transaction, Edlund Todd James now holds 175,399 shares, worth roughly $13.92 million.

Needham initiated its Entegris Inc. [ENTG] rating to a Buy in a research note published on Tuesday, January 04, 2023; the price target was $86. PT values the company’s stock at a premium of 7.74 to its Tuesday closing price. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who decreased its forecast for the stock in mid October from “a Buy” to “a Neutral”. Credit Suisse began covering ENTG with “an Outperform” recommendation on October 06, 2022.

Price Performance Review of ENTG

On Tuesday, Entegris Inc. [NASDAQ:ENTG] saw its stock fall -5.92% to $79.34. On the same session, the stock had its day’s lowest price of $78.54, but rose to a high of $82.93. Over the last five days, the stock has lost -0.41%. Entegris Inc. shares have risen nearly 20.96% since the year began. Nevertheless, the stocks have fallen -34.01% over the past one year. While a 52-week high of $141.82 was reached on 01/23/23, a 52-week low of $61.75 was recorded on 01/03/23. SMA at 50 days reached $72.43, while 200 days put it at $91.31. A total of 1.74 million shares were traded, compared to the trading of 1.85 million shares in the previous session.

Levels Of Support And Resistance For ENTG Stock

The 24-hour chart illustrates a support level at 77.61, which if violated will result in even more drops to 75.88. On the upside, there is a resistance level at 82.00. A further resistance level may holdings at 84.66. The Relative Strength Index (RSI) on the 14-day chart is 58.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.64%. Stochastics %K at 83.71% indicates the stock is a selling.

How much short interest is there in Entegris Inc.?

A steep rise in short interest was recorded in Entegris Inc. stocks on Oct 13, 2022, growing by 1.17 million shares to a total of 5.57 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 4.4 million shares. There was a rise of 21.01%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.69% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.31.

Entegris Inc. [ENTG] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 13,644,312 shares, or roughly 9.15% of the outstanding ENTG shares. In other words, the investor’s shares have risen by 40,357 from its previous 13-F filing of 13603955.0. Additionally, T. Rowe Price Associates, Inc. increased 11.28% of its stake after which the total value it holdings stand at $650,947,299, while Select Equity Group LP added 0.59% of its stake to hold $637.51 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -721,743 shares of Entegris Inc., while AllianceBernstein LP sold -488,608 shares. At present, Sands Capital Management LLC is holding 5,206,311 shares valued at $341.48 million. BlackRock Advisors LLC owned 4,214,047 shares of the company at the time of its most recent 13F filing, worth $276.4 million.

According to FactSet, Entegris Inc.’s share price will average $94.80 in the next year, based on opinions of analysts polled by the firm. This is up nearly 9.69 percent from its previous closing price of $84.33. Analysts expect Entegris Inc. stock to reach the higher price of $110.00, while the lowest price estimate is $80.00. However, 12 analysts have rated ENTG stock as an Overweight in their predictions for 2023.


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