Entegris (NASDAQ:ENTG) Given New $185.00 Price Target at Needham & Company LLC

Key Points

• Needham raised Entegris’ price target to $185 from $170 while maintaining a “buy” rating, implying roughly 15.6% upside from the reported $160 share price. Analysts overall hold a consensus “Buy” rating with an average target of $182.92.
• Entegris reported strong quarterly results, with EPS of $1.23 beating the $1.03 consensus and revenue of $1.01 billion exceeding estimates. Revenue grew 24.6% year over year, supported by improved profitability and demand for filtration products.
• Management projected fourth-quarter revenue of $1.025 billion to $1.055 billion and GAAP diluted EPS of $1.09 to $1.17. However, the stock’s elevated valuation and recent insider selling remain potential risks.

Entegris (NASDAQ:ENTG - Get Free Report) had its price target increased by research analysts at Needham & Company LLC from $170.00 to $185.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the semiconductor company's stock. Needham & Company LLC's target price would indicate a potential upside of 15.62% from the company's current price.

Other research analysts have also issued reports about the company. Wall Street Zen lowered Entegris from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Barclays assumed coverage on Entegris in a report on Monday, October 12th. They issued an "overweight" rating and a $212.00 target price on the stock. Citigroup boosted their target price on Entegris from $170.00 to $195.00 and gave the stock a "buy" rating in a research note on Tuesday, October 20th. Stifel Nicolaus started coverage on Entegris in a report on Wednesday, October 7th. They issued a "buy" rating and a $200.00 price target for the company. Finally, The Goldman Sachs Group upgraded shares of Entegris from a "sell" rating to a "buy" rating in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $182.92.

Entegris Trading Up 0.4%

ENTG traded up $0.68 during trading hours on Thursday, reaching $160.00. The company's stock had a trading volume of 4,269,936 shares, compared to its average volume of 2,851,929. The business's 50-day moving average is $145.82 and its 200-day moving average is $137.30. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.05 and a quick ratio of 1.85. The stock has a market cap of $24.40 billion, a PE ratio of 80.40, a P/E/G ratio of 1.23 and a beta of 1.40. Entegris has a fifty-two week low of $67.97 and a fifty-two week high of $186.94.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The semiconductor company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.20. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $925.35 million. Entegris had a net margin of 9.18% and a return on equity of 12.25%. Entegris's revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. As a group, equities research analysts predict that Entegris will post 3.93 earnings per share for the current fiscal year.

Insider Transactions at Entegris

In other news, insider Olivier Blachier sold 2,000 shares of the company's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $160.66, for a total transaction of $321,320.00. Following the completion of the sale, the insider owned 34,997 shares in the company, valued at $5,622,618.02. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Colella sold 3,916 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $164.48, for a total value of $644,103.68. Following the sale, the senior vice president directly owned 50,297 shares of the company's stock, valued at approximately $8,272,850.56. This represents a 7.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,978 shares of company stock worth $1,273,734 over the last 90 days. 0.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Entegris

A number of large investors have recently bought and sold shares of ENTG. Ancora Advisors LLC purchased a new position in Entegris during the 2nd quarter valued at about $31,000. Transamerica Financial Advisors LLC bought a new stake in Entegris in the second quarter worth $32,000. Boit C F David bought a new stake in shares of Entegris during the 3rd quarter worth about $32,000. Millstone Evans Group LLC raised its stake in shares of Entegris by 191.3% in the 1st quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 176 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in Entegris by 51.1% during the third quarter. SBI Securities Co. Ltd. now owns 278 shares of the semiconductor company's stock valued at $43,000 after purchasing an additional 94 shares during the last quarter.

Key Entegris News

Here are the key news stories impacting Entegris this week:

• Positive Sentiment: Q3 results beat expectations. Entegris reported adjusted earnings of $1.23 per share, above the roughly $1.03–$1.04 consensus, while revenue reached $1.006 billion versus estimates near $925 million. Revenue increased 24.6% year over year, and earnings rose from $0.72 per share in the prior-year quarter. Earnings Flash: Entegris Reports Q3 Revenue Above Estimates
• Positive Sentiment: Profitability and demand improved materially. GAAP gross margin expanded to 49.7% from 43.5% a year earlier, while operating income nearly doubled to $230.6 million. Advanced Purity Solutions generated $604.9 million in revenue and Materials Solutions contributed $404.1 million, with reports highlighting strong filtration demand. Entegris Clears Q3 Estimates on Filtration Demand
• Positive Sentiment: Fourth-quarter guidance supports continued growth. Management forecast revenue of $1.025 billion to $1.055 billion and GAAP diluted EPS of $1.09 to $1.17. The company also generated $266.8 million of operating cash flow and repaid $200 million of debt during the quarter. Entegris Announces Fourth-Quarter Financial Outlook
• Neutral Sentiment: Valuation and insider activity remain risks. Despite the earnings momentum, ENTG trades at a high earnings multiple, and reports indicate insiders made 11 sales and no purchases over the past six months. Earlier commentary also characterized the stock as fully priced, which could limit further gains if growth or guidance moderates. Entegris Stock Looks Fully Priced

About Entegris

Entegris, Inc is a materials science and process technology company that supplies products and solutions used in the manufacture of semiconductors and other advanced technology products. Its offerings help chipmakers manage contamination, handle sensitive materials, and improve process control across the semiconductor production cycle.

The company's products include specialty chemicals and gases, filtration and purification systems, wafer and substrate handling products, fluid-management components, and advanced materials used in semiconductor fabrication.

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