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In a recent transaction, Haris Clinton M., Senior Vice President and President of the APS Division at Entegris Inc. (NASDAQ:ENTG), sold 12,652 shares of the company’s common stock. The shares were sold at a weighted average price of $106.92, totaling approximately $1.35 million. This sale was part of a series of transactions reported in a Form 4 filing with the Securities and Exchange Commission. According to InvestingPro data, Entegris currently trades at a P/E ratio of 55.2, indicating a relatively high earnings multiple compared to its peers.
The transaction also included the exercise of employee stock options, allowing Clinton to acquire the same number of shares at $33.33 per share, with a total value of $421,691. Following these transactions, Clinton’s direct ownership of Entegris common stock stands at 34,819.55 shares. The company maintains a strong financial position with a current ratio of 3.08, indicating that liquid assets comfortably exceed short-term obligations.
These transactions highlight a significant movement in Entegris stock by a key executive, reflecting both the exercise of stock options and subsequent sale of shares. For deeper insights into Entegris’s valuation and financial health metrics, including 8 additional exclusive ProTips, check out the comprehensive research report available on InvestingPro.
In other recent news, Entegris Inc. exceeded analyst expectations for its Q4 2024 results with an adjusted earnings per share (EPS) of $0.84 and revenue reaching $849.84 million. However, the company’s Q1 2025 guidance fell below analyst consensus, projecting an adjusted EPS between $0.64 and $0.71 and revenue between $775 million and $805 million. KeyBanc Capital Markets adjusted its price target for Entegris from $150.00 to $141.00, citing growth prospects and market position, while maintaining an Overweight rating. BMO Capital Markets also adjusted its price target, reducing it from $135.00 to $131.00, but reiterated an Outperform rating. Citi, on the other hand, raised its price target from $123.00 to $125.00 and maintained a Buy rating. These modifications follow recent developments and financial reports from the company. Analysts from these firms project growth for Entegris in the upcoming years, despite potential challenges such as China export bans, tariffs, and foreign exchange issues.
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