Dallas, Texas 10/09/2013 (Financialstrend) – The share price of Entegris Inc (NASDAQ:ENTG) have remained practically stagnant in their market valuation when compared on a 30 day time period. On Sep 9, the shares were trading at $9.96 per share and as of close of business on October 8, the share was at $9.94.
The interesting news for investors is that in the interim 30 day period the stock had actually posted close to 2.4% appreciation in value by October 1, only to trim its gains by 2.5% over the next week to end at October 8 valuations. Yesterday, end of the day valuations indicate a 0.3% dip from its previous day close. It also reflects a 6.5% dip from its 52 week high valuations and a 32% increase on its 52 week low pricing. Over the past one week the stock has dropped 2.6% in valuation and has shed close to 0.9% of its value over the past 90 days.
This semiconductor equipment manufacturer has a market cap of $1.3 billion with an income of $65 million over the past 12 trailing months time period. The income was generated from a total sale of $694 million in the same period. The pressure the stock is experiencing is directly related to the drop of close to 5.7% in its value over the past quarter. Its earnings per share has also dipped by close to 12.5% in the same period. With its next quarter earnings report scheduled to be around the end of October, the management of the firm is keen to have some positive talking points when they face off with analysts. It is in this context that one needs to view September 16 announcement from Entegris of its tie up with Sematch. The two companies plan to jointly develop “surface conditioning and wafer cleaning technology” which will be used by semiconductor manufacturing industry.