Entegris (NASDAQ:ENTG) Stock Price Target Raised at Truist Financial

Key Points

• Truist Financial raised Entegris’ price target from $190 to $199 and maintained a Buy rating, implying roughly 30.5% upside from the stock’s reported $152.48 price. The broader analyst consensus is Moderate Buy, with a $185.08 target.
• Entegris reported strong quarterly results, with EPS of $1.23 beating the $1.03 estimate and revenue rising 24.6% year over year to $1.01 billion. Management also issued fourth-quarter revenue guidance of $1.025 billion to $1.055 billion.
• The stock fell 4.7% during Friday trading, while valuation and insider selling remain potential concerns; insiders sold approximately $1.27 million of shares over the past 90 days.

Entegris (NASDAQ:ENTG - Get Free Report) had its price target hoisted by equities research analysts at Truist Financial from $190.00 to $199.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a "buy" rating on the semiconductor company's stock. Truist Financial's target price would indicate a potential upside of 30.51% from the company's current price.

A number of other equities research analysts also recently weighed in on ENTG. Stifel Nicolaus started coverage on shares of Entegris in a research report on Wednesday, October 7th. They issued a "buy" rating and a $200.00 price target for the company. Weiss Ratings reissued a "hold (c)" rating on shares of Entegris in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft upgraded Entegris from a "hold" rating to a "buy" rating and increased their price target for the stock from $152.00 to $200.00 in a report on Wednesday, August 12th. Citigroup boosted their price target on shares of Entegris from $170.00 to $195.00 and gave the company a "buy" rating in a research note on Tuesday, October 20th. Finally, BMO Capital Markets lifted their price objective on shares of Entegris from $153.00 to $167.00 and gave the company an "outperform" rating in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Entegris has a consensus rating of "Moderate Buy" and a consensus price target of $185.08.

Entegris Trading Down 4.7%

NASDAQ ENTG traded down $7.52 during trading hours on Friday, hitting $152.48. The company's stock had a trading volume of 1,510,129 shares, compared to its average volume of 2,845,166. Entegris has a twelve month low of $67.97 and a twelve month high of $186.94. The stock has a fifty day moving average of $146.13 and a 200 day moving average of $137.58. The company has a quick ratio of 1.85, a current ratio of 3.05 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $23.25 billion, a P/E ratio of 77.10, a PEG ratio of 1.46 and a beta of 1.40.

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

Insiders Place Their Bets

In other Entegris news, SVP Susan G. Rice sold 2,062 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $149.52, for a total transaction of $308,310.24. Following the completion of the transaction, the senior vice president owned 66,976 shares in the company, valued at $10,014,251.52. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Joseph Colella sold 3,916 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $164.48, for a total transaction of $644,103.68. Following the sale, the senior vice president owned 50,297 shares in the company, valued at $8,272,850.56. The trade was a 7.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 7,978 shares of company stock valued at $1,273,734 over the last ninety days. 0.53% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC raised its stake in Entegris by 1.5% in the 3rd quarter. Evergreen Capital Management LLC now owns 5,372 shares of the semiconductor company's stock worth $828,000 after acquiring an additional 79 shares during the last quarter. Ancora Advisors LLC lifted its position in shares of Entegris by 85.1% during the 2nd quarter. Ancora Advisors LLC now owns 174 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 80 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Entegris by 51.1% during the third quarter. SBI Securities Co. Ltd. now owns 278 shares of the semiconductor company's stock worth $43,000 after purchasing an additional 94 shares during the last quarter. Fortitude Family Office LLC grew its stake in shares of Entegris by 25.9% in the 3rd quarter. Fortitude Family Office LLC now owns 511 shares of the semiconductor company's stock valued at $79,000 after purchasing an additional 105 shares during the last quarter. Finally, Parvin Asset Management LLC boosted its position in shares of Entegris by 19.2% during the 1st quarter. Parvin Asset Management LLC now owns 745 shares of the semiconductor company's stock worth $87,000 after purchasing an additional 120 shares in the last quarter.

Key Entegris News

Here are the key news stories impacting Entegris this week:

• Positive Sentiment: Strong Q3 results: Entegris reported earnings of $1.23 per share, versus the $1.03 consensus estimate, while revenue rose 24.6% year over year to $1.01 billion, exceeding expectations of approximately $925 million. Gross margin expanded to 49.7% from 43.5% a year earlier. Entegris quarterly earnings report
• Positive Sentiment: Optimistic outlook: Management forecast fourth-quarter revenue of $1.025 billion to $1.055 billion and GAAP EPS of $1.09 to $1.17. The company also generated $266.8 million in operating cash flow and paid down $200 million of debt, strengthening its financial position. Entegris fourth-quarter guidance
• Positive Sentiment: Analysts raised targets: UBS increased its price target from $205 to $220 and reaffirmed a Buy rating, citing strong earnings, structural margin upside and long-term growth. Barclays raised its target from $212 to $224 and assigned an Overweight rating, while Needham lifted its target from $170 to $185 and maintained Buy. UBS Entegris price target upgrade
• Negative Sentiment: Valuation and selling pressure remain risks: Entegris trades at a high earnings multiple following its substantial advance, and a recent analysis described the stock as fully priced with earnings under pressure. Separately, reported insider activity showed sales but no purchases over the past six months, which may reinforce investor caution. Entegris valuation analysis

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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