Entegris (NASDAQ:ENTG) Price Target Raised to $224.00

Key Points

• Barclays raised Entegris’ price target to $224 from $212 and maintained an “overweight” rating, implying 47.3% upside from the prior close. Analysts overall rate the stock “Moderate Buy,” with an average target of $184.33.
• Entegris reported strong quarterly results, with revenue up 24.6% year over year to $1.01 billion and EPS of $1.23, exceeding estimates of $925.35 million and $1.03, respectively. Management also issued a constructive fourth-quarter outlook.
• Shares fell 5.0% to $152.07 despite the positive results, while the stock’s elevated valuation—about 76 times earnings—and recent insider selling may limit further gains.

Entegris (NASDAQ:ENTG - Get Free Report) had its price objective hoisted by stock analysts at Barclays from $212.00 to $224.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the semiconductor company's stock. Barclays's target price points to a potential upside of 47.30% from the stock's previous close.

A number of other equities analysts have also recently weighed in on the stock. Truist Financial started coverage on shares of Entegris in a research report on Wednesday, October 14th. They set a "buy" rating and a $190.00 price target on the stock. Stifel Nicolaus assumed coverage on shares of Entegris in a research report on Wednesday, October 7th. They issued a "buy" rating and a $200.00 price objective for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Entegris in a research note on Monday, August 3rd. UBS Group reiterated a "buy" rating and set a $220.00 target price on shares of Entegris in a report on Friday. Finally, Needham & Company LLC boosted their target price on Entegris from $170.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Entegris has an average rating of "Moderate Buy" and an average target price of $184.33.

Entegris Trading Down 5.0%

NASDAQ:ENTG traded down $7.93 during mid-day trading on Friday, hitting $152.07. The company had a trading volume of 643,575 shares, compared to its average volume of 2,839,949. 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 has a fifty-two week low of $67.97 and a fifty-two week high of $186.94. The firm has a market cap of $23.19 billion, a P/E ratio of 76.43, a P/E/G ratio of 1.46 and a beta of 1.40. The business's fifty day moving average is $146.13 and its two-hundred day moving average is $137.58.

Entegris (NASDAQ:ENTG - Get Free Report) last posted 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 return on equity of 12.25% and a net margin of 9.18%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $925.35 million. During the same period in the previous year, the company earned $0.72 EPS. The company's revenue for the quarter was up 24.6% compared to the same quarter last year. As a group, research analysts expect that Entegris will post 3.93 earnings per share for the current year.

Insider Activity

In related news, insider Olivier Blachier sold 2,000 shares of Entegris stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $160.66, for a total value of $321,320.00. Following the sale, the insider owned 34,997 shares of the company's stock, valued at approximately $5,622,618.02. This trade represents a 5.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 that occurred on Tuesday, August 11th. The shares were 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 owned 66,976 shares in the company, valued at $10,014,251.52. The trade was 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 over the last three months. Corporate insiders own 0.53% of the company's stock.

Institutional Trading of Entegris

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its stake in shares of Entegris by 0.4% during 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 during the last quarter. Boit C F David bought a new stake in shares of Entegris in the 3rd quarter valued at about $32,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Entegris in the 3rd quarter valued at about $36,393,000. ProShare Advisors LLC lifted its stake in Entegris by 2.7% in the 3rd quarter. ProShare Advisors LLC now owns 25,901 shares of the semiconductor company's stock valued at $3,990,000 after purchasing an additional 691 shares during the last quarter. Finally, Vise Technologies Inc. grew its holdings in Entegris by 8.1% during the third quarter. Vise Technologies Inc. now owns 6,668 shares of the semiconductor company's stock worth $1,027,000 after purchasing an additional 497 shares during the period.

Entegris News Summary

Here are the key news stories impacting Entegris this week:

• Positive Sentiment: Q3 results significantly exceeded expectations. Entegris reported revenue of $1.006 billion, up 24.6% year over year and well above the approximately $925 million consensus estimate. Adjusted EPS was $1.23 versus expectations near $1.03, while GAAP gross margin expanded to 49.7% from 43.5% a year earlier. Entegris Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management provided a constructive fourth-quarter outlook. Entegris expects sales of $1.025 billion to $1.055 billion and GAAP EPS of $1.09 to $1.17, indicating continued momentum after the record third quarter. Advanced Purity Solutions led revenue with $604.9 million, while Materials Solutions contributed $404.1 million. Entegris Announces Q4 Financial Outlook
• Positive Sentiment: Analysts raised their valuation expectations. UBS maintained a Buy rating and lifted its price target to $220 from $205, citing strong earnings, structural margin upside, and long-term growth prospects. Needham also raised its target to $185 from $170 and reiterated a Buy rating. UBS Raises Entegris Price Target
• Neutral Sentiment: Entegris generated $266.8 million in operating cash flow and paid down $200 million of debt during the quarter, strengthening its balance sheet. However, institutional positioning was mixed, with some large funds adding shares while others reduced or exited positions.
• Negative Sentiment: Valuation and insider activity could limit further gains. Shares trade at roughly 80 times earnings, leaving the stock sensitive to any slowdown in semiconductor demand or margin expansion. Separately, reported insider transactions over the past six months consisted entirely of sales, with no purchases. Entegris Stock Looks Fully Priced

Entegris Company Profile

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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