Citigroup Maintains Entegris Inc to Neutral with Price Target $18.00

Brokerage firm Citigroup Maintains its rating on Entegris Inc(NASDAQ:ENTG). In a research note issued to the investors, the brokerage major Raises the price-target to $18.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Jul 28, 2016.

In a different note, On Jul 28, 2016, Dougherty & Company said it Downgrades its rating on Entegris Inc. The shares have been rated ‘Neutral’ by the firm.

Entegris Inc (ENTG) shares turned negative on Thursdays trading session with the shares closing down -0.1 points or -0.60% at a volume of 4,33,495. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.88. The peak price level was also seen at $16.88 while the days lowest was $16.66. Finally the shares closed at $16.67. The 52-week high of the shares is $17.73 while the 52-week low is $10.37. According to the latest information available, the market cap of the company is $2,354 M.

Entegris Inc(ENTG) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $303.05M. Analysts had an estimated revenue of $278.93M. Earnings per share were $0.28. Analysts had estimated an EPS of $0.20.

Several Insider Transactions has been reported to the SEC. On Jul 14, 2016, Gregory B Graves (Exec. V.P. & CFO) sold 37,896 shares at $15.01 per share price.Also, 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.

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