Entegris (NASDAQ:ENTG) Price Target Raised to $135.00

Key Points

• Goldman Sachs raised Entegris’ price target to $135 from $120 but maintained a “Sell” rating, implying 11.42% downside from the prior close. The broader analyst consensus remains “Moderate Buy,” with an average target of $186.75.
• Entegris shares fell 4.7% to $152.41 during Friday trading, despite the company reporting quarterly EPS of $1.23 and revenue of $1.01 billion, both above expectations; revenue increased 24.6% year over year.
• Insider selling and valuation remain risks: insiders sold nearly 8,000 shares worth about $1.27 million over the past 90 days, while the stock traded at a high price-to-earnings ratio of 76.29.

Entegris (NASDAQ:ENTG - Get Free Report) had its price target upped by analysts at The Goldman Sachs Group from $120.00 to $135.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a "sell" rating on the semiconductor company's stock. The Goldman Sachs Group's price objective points to a potential downside of 11.42% from the company's previous close.

A number of other research analysts have also recently weighed in on the stock. Truist Financial lifted their price objective on shares of Entegris from $190.00 to $199.00 and gave the company a "buy" rating in a report on Friday. Stifel Nicolaus began coverage on Entegris in a research note on Wednesday, October 7th. They issued a "buy" rating and a $200.00 price objective for the company. Needham & Company LLC upped their target price on Entegris from $170.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday. Freedom Capital raised Entegris to a "strong-buy" rating in a report on Monday, August 3rd. Finally, UBS Group reiterated a "buy" rating and issued a $220.00 price objective on shares of Entegris in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Entegris presently has a consensus rating of "Moderate Buy" and a consensus price target of $186.75.

Entegris Trading Down 4.7%

ENTG stock traded down $7.59 during midday trading on Friday, reaching $152.41. The company's stock had a trading volume of 2,015,611 shares, compared to its average volume of 2,847,164. Entegris has a 1 year low of $67.97 and a 1 year high of $186.94. The firm has a market capitalization of $23.24 billion, a price-to-earnings ratio of 76.29, a PEG ratio of 1.46 and a beta of 1.40. The stock has a fifty day simple moving average of $146.13 and a two-hundred day simple moving average of $137.58. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.85 and a current ratio of 3.05.

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

Insider Activity at Entegris

In related news, insider Olivier Blachier sold 2,000 shares of the company's stock in a transaction 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 transaction, the insider directly owned 34,997 shares of the company's stock, valued at approximately $5,622,618.02. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Susan G. Rice sold 2,062 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $149.52, for a total value of $308,310.24. Following the completion of the sale, the senior vice president directly owned 66,976 shares of the company's stock, valued at $10,014,251.52. This represents a 2.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,978 shares of company stock worth $1,273,734 in the last ninety days. 0.53% of the stock is owned by insiders.

Institutional Trading of Entegris

Hedge funds have recently modified their holdings of the company. Provenance Wealth Advisors LLC bought a new position in Entegris in the third quarter valued at about $422,000. Oregon Public Employees Retirement Fund grew its position in Entegris by 0.4% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 31,657 shares of the semiconductor company's stock worth $4,877,000 after purchasing an additional 134 shares in the last quarter. Boit C F David purchased a new stake in shares of Entegris during the 3rd quarter valued at $32,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Entegris in the 3rd quarter worth approximately $36,393,000. Finally, ProShare Advisors LLC boosted its position in Entegris by 2.7% during the third quarter. ProShare Advisors LLC now owns 25,901 shares of the semiconductor company's stock worth $3,990,000 after purchasing an additional 691 shares during the period.

Key Headlines Impacting Entegris

Here are the key news stories impacting Entegris this week:

• Positive Sentiment: Q3 results exceeded expectations. Entegris reported adjusted EPS of $1.23, versus the $1.03 consensus estimate, while revenue reached $1.006 billion—up 24.6% year over year and well above expectations of approximately $925 million. The company also reported materially improved gross and operating margins. Entegris Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Q4 guidance points to continued growth. Management forecast fourth-quarter revenue of $1.025 billion to $1.055 billion and GAAP EPS of $1.09 to $1.17. Third-quarter gross margin rose to 49.7% from 43.5% a year earlier, while Entegris paid down $200 million of debt. Entegris Announces Q4 Financial Outlook
• Positive Sentiment: Analysts raised price targets following the report. UBS increased its target to $220 and reiterated Buy, while Barclays raised its target to $224 and assigned an Overweight rating. Truist raised its target to $199 with a Buy rating, and Needham increased its target to $185. The revisions reflect expectations for structural margin expansion and long-term semiconductor-materials demand. UBS Raises Entegris Price Target
• Neutral Sentiment: Institutional positioning is mixed. Hundreds of investors added shares during the latest reporting period, including JPMorgan, but several hedge funds significantly reduced or exited positions. This suggests strong institutional interest but also continued portfolio rotation.
• Negative Sentiment: Valuation and insider selling remain risks. With a high forward valuation after a substantial rally, some investors may be taking profits. In addition, reported insider activity showed 11 sales and no purchases over the past six months. A recent analysis also characterized ENTG as fully priced, which could weigh on shares despite the strong earnings outlook. 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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