Truist Financial Begins Coverage on Entegris (NASDAQ:ENTG)

Key Points

• Truist Financial initiated coverage of Entegris with a “buy” rating and a $190 price target, implying 17.9% upside from the stock’s current level.
• Analyst sentiment is broadly positive: Entegris has an overall “Moderate Buy” rating and an average price target of $178.33, with recent upgrades from UBS, Mizuho, Freedom Capital and Barclays.
• Entegris recently exceeded quarterly expectations, reporting $0.93 in EPS versus the $0.82 consensus and $883.2 million in revenue, up 11.5% year over year; however, insiders have sold nearly 8,000 shares over the past three months.

Stock analysts at Truist Financial initiated coverage on shares of Entegris (NASDAQ:ENTG - Get Free Report) in a report released on Wednesday, MarketBeat Ratings reports. The brokerage set a "buy" rating and a $190.00 price target on the semiconductor company's stock. Truist Financial's price objective points to a potential upside of 17.90% from the company's current price.

A number of other analysts have also recently issued reports on the company. UBS Group lifted their price objective on Entegris from $205.00 to $215.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Mizuho upped their target price on Entegris from $180.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 1st. Freedom Capital raised Entegris to a "strong-buy" rating in a research report on Monday, August 3rd. Barclays initiated coverage on Entegris in a research note on Monday. They set an "overweight" rating and a $212.00 price target for the company. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Entegris in a report on Monday, August 3rd. One investment 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $178.33.

Entegris Stock Up 0.7%

ENTG stock opened at $161.16 on Wednesday. Entegris has a 12-month low of $67.97 and a 12-month high of $186.94. 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 company has a market cap of $24.58 billion, a price-to-earnings ratio of 80.98, a PEG ratio of 1.47 and a beta of 1.40. The company has a 50 day moving average of $147.56 and a two-hundred day moving average of $143.06.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11. Entegris had a net margin of 9.18% and a return on equity of 12.25%. The business had revenue of $883.20 million for the quarter, compared to analysts' expectations of $835.79 million. During the same period in the previous year, the company posted $0.66 EPS. Entegris's revenue was up 11.5% on a year-over-year basis. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. On average, equities analysts anticipate that Entegris will post 3.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Entegris news, SVP Susan Rice sold 2,062 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $149.52, for a total transaction of $308,310.24. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Joseph Colella sold 3,916 shares of the firm's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $164.48, for a total value of $644,103.68. Following the transaction, the senior vice president owned 50,297 shares in the company, valued at approximately $8,272,850.56. This trade represents a 7.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,978 shares of company stock valued at $1,273,734 over the last three months. 0.53% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG bought a new stake in shares of Entegris in the second quarter valued at approximately $69,930,000. BlackRock Inc. acquired a new stake in shares of Entegris in the second quarter worth $3,683,556,000. Man Group plc acquired a new stake in shares of Entegris in the second quarter worth $2,461,000. Corient Private Wealth LLC increased its position in Entegris by 101.9% during the fourth quarter. Corient Private Wealth LLC now owns 9,253 shares of the semiconductor company's stock worth $783,000 after acquiring an additional 4,671 shares during the period. Finally, SEB Asset Management AB bought a new position in Entegris during the first quarter worth $5,423,000.

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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