Aegis Capital Initiates Coverage On Entegris Inc to Buy with Price Target $29

Aegis Capital Initiates Coverage On Entegris Inc(ENTG). In a research note issued to the investors, the brokerage major Announces the price-target to $29 per share. The shares have been rated Buy. The rating by the stock financial advisor at Aegis Capital was issued on Mar 17, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 13, 2017, Needham said it Upgrades its rating on Entegris Inc. The shares have been rated ‘Buy’ by the firm. Goldman Sachs said it Initiates Coverage On Entegris Inc, according to a research note issued on Feb 10, 2017. The shares have been rated ‘Buy’ by the firm.

Entegris Inc (ENTG) made into the market gainers list on Wednesdays trading session with the shares advancing 0.44% or 0.1 points. Due to strong positive momentum, the stock ended at $22.75, which is also near the day’s high of $22.9. The stock began the session at $22.6 and the volume stood at 8,40,127 shares. The 52-week high of the shares is $23.56 and the 52 week low is $12.775. The company has a current market capitalization of $3,213 M and it has 14,12,20,480 shares in outstanding.

Entegris Inc(ENTG) last announced its earnings results on Feb 2, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $308.502M. Analysts had an estimated revenue of $282.880M. Earnings per share were $0.24. Analysts had estimated an EPS of $0.21.

Several Insider Transactions has been reported to the SEC. On Mar 2, 2017, John J Murphy (SVP, Human Resources) sold 2,626 shares at $21.65 per share price.Also, On Mar 2, 2017, Gregory Bryan Marshall (SVP, Qual, EHS & EBS) sold 718 shares at $21.52 per share price.On Feb 24, 2017, Corey Rucci (VP, Business Development) sold 7,247 shares at $21.68 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.

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