Entegris (NASDAQ:ENTG) Stock Rating Cut to Hold at Zacks Research

Key Points

• Zacks Research downgraded Entegris from “strong buy” to “hold,” although the broader analyst consensus remains “Moderate Buy” with an average price target of $173.80.
• Entegris reported stronger-than-expected quarterly results, posting $0.93 in EPS versus the $0.82 estimate and $883.2 million in revenue versus the $835.79 million consensus; revenue rose 11.5% year over year.
• The stock opened at $162.19, with a market capitalization of about $24.73 billion, while insiders have sold 7,978 shares worth approximately $1.27 million over the past 90 days.

Entegris (NASDAQ:ENTG - Get Free Report) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Wednesday, Zacks reports.

Several other analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Entegris from a "hold" rating to a "buy" rating and raised their target price for the company from $152.00 to $200.00 in a research note on Wednesday, August 12th. BMO Capital Markets boosted their price objective on Entegris from $153.00 to $167.00 and gave the company an "outperform" rating in a report on Monday, July 6th. Mizuho increased their target price on Entegris from $180.00 to $200.00 and gave the stock an "outperform" rating in a report on Wednesday, July 1st. Freedom Capital upgraded shares of Entegris to a "strong-buy" rating in a research note on Monday, August 3rd. Finally, Stifel Nicolaus assumed coverage on shares of Entegris in a research note on Wednesday. They issued a "buy" rating and a $200.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Entegris currently has a consensus rating of "Moderate Buy" and a consensus target price of $173.80.

Entegris Price Performance

NASDAQ:ENTG opened at $162.19 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 3.05 and a debt-to-equity ratio of 0.83. Entegris has a 12-month low of $67.97 and a 12-month high of $186.94. The stock's 50 day moving average price is $145.60 and its two-hundred day moving average price is $142.16. The firm has a market capitalization of $24.73 billion, a price-to-earnings ratio of 81.50, a P/E/G ratio of 1.53 and a beta of 1.40.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. The firm had revenue of $883.20 million during the quarter, compared to the consensus estimate of $835.79 million. Entegris had a net margin of 9.18% and a return on equity of 12.25%. The business's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. On average, analysts anticipate that Entegris will post 3.92 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Susan Rice sold 2,062 shares of Entegris stock in a transaction on 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 transaction, the senior vice president directly owned 66,976 shares in the company, valued at approximately $10,014,251.52. The trade was a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Olivier Blachier sold 2,000 shares of the business's stock in a transaction on Friday, August 14th. The shares were 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 in the company, valued at approximately $5,622,618.02. The trade was a 5.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,978 shares of company stock worth $1,273,734 over the last 90 days. Corporate insiders own 0.53% of the company's stock.

Hedge Funds Weigh In On Entegris

Several hedge funds and other institutional investors have recently modified their holdings of ENTG. Legacy Wealth Asset Management LLC increased its position in Entegris by 44.3% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 6,147 shares of the semiconductor company's stock valued at $947,000 after purchasing an additional 1,887 shares during the period. GAMMA Investing LLC lifted its stake in shares of Entegris by 57.6% in the 3rd quarter. GAMMA Investing LLC now owns 9,191 shares of the semiconductor company's stock valued at $1,416,000 after purchasing an additional 3,360 shares during the period. Farther Finance Advisors LLC grew its stake in Entegris by 8.1% in the third quarter. Farther Finance Advisors LLC now owns 2,886 shares of the semiconductor company's stock worth $445,000 after purchasing an additional 216 shares during the period. Congress Asset Management Co. raised its holdings in Entegris by 2.1% in the third quarter. Congress Asset Management Co. now owns 213,382 shares of the semiconductor company's stock worth $32,874,000 after purchasing an additional 4,452 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Entegris by 76.8% during the 3rd quarter. Versant Capital Management Inc now owns 794 shares of the semiconductor company's stock valued at $122,000 after buying an additional 345 shares in the last quarter.

About Entegris

Entegris, Inc is a global supplier of advanced materials and process solutions used in the semiconductor and other high-technology industries. The company helps manufacturers protect, purify, transport and process the highly sensitive materials used to produce integrated circuits, memory devices and other electronic components.

Its products and services include specialty chemicals and gases, liquid and gas filtration systems, wafer-handling and wafer-shipping products, contamination-control solutions, chemical-mechanical planarization materials, deposition materials and solutions for semiconductor packaging.

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