Entegris (NASDAQ:ENTG) Shares Gap Down - Here's What Happened

Key Points

• Entegris shares opened sharply lower, falling from a prior close of $140.37 to $129.39 and last trading near $130.57.
• Despite the selloff, analyst sentiment remains positive: the stock has an average “Buy” rating and a consensus price target of $170.89, with recent upgrades from Zacks Research and higher targets from Needham and UBS.
• Entegris reported stronger-than-expected quarterly results, with EPS of $0.93 versus estimates of $0.82 and revenue of $883.2 million; revenue increased 11.5% year over year. The company also declared a quarterly dividend of $0.10 per share.

Entegris, Inc. (NASDAQ:ENTG - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $140.37, but opened at $129.39. Entegris shares last traded at $130.5650, with a volume of 218,394 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ENTG shares. Zacks Research upgraded shares of Entegris from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 5th. Needham & Company LLC lifted their price objective on shares of Entegris from $165.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of Entegris in a report on Monday, August 3rd. UBS Group increased their target price on shares of Entegris from $205.00 to $215.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Finally, Wall Street Zen lowered Entegris from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $170.89.

Entegris Price Performance

The company has a debt-to-equity ratio of 0.83, a current ratio of 3.05 and a quick ratio of 1.85. The stock's 50 day moving average price is $139.32 and its two-hundred day moving average price is $138.30. The firm has a market capitalization of $20.00 billion, a price-to-earnings ratio of 65.91, a PEG ratio of 1.29 and a beta of 1.37.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its earnings results on Tuesday, August 4th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. The business had revenue of $883.20 million for the quarter, compared to analyst estimates of $835.79 million. Entegris had a net margin of 9.18% and a return on equity of 12.25%. Entegris's revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business posted $0.66 EPS. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. On average, equities research analysts anticipate that Entegris, Inc. will post 3.91 EPS for the current year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th were paid a $0.10 dividend. The ex-dividend date was Wednesday, July 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. Entegris's payout ratio is presently 20.10%.

Insider Buying and Selling

In other Entegris news, SVP Susan G. Rice sold 2,062 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president owned 66,976 shares of the company's stock, valued at $10,014,251.52. This trade represents a 2.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Joseph Colella sold 3,916 shares of Entegris stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $164.48, for a total value of $644,103.68. Following the completion of the transaction, the senior vice president directly owned 50,297 shares in the company, valued at approximately $8,272,850.56. This represents a 7.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 7,978 shares of company stock valued at $1,273,734. Insiders own 0.53% of the company's stock.

Institutional Investors Weigh In On Entegris

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ancora Advisors LLC raised its position in shares of Entegris by 85.1% during the second quarter. Ancora Advisors LLC now owns 174 shares of the semiconductor company's stock valued at $31,000 after buying an additional 80 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Entegris by 0.3% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 31,400 shares of the semiconductor company's stock worth $2,645,000 after buying an additional 100 shares in the last quarter. Parvin Asset Management LLC increased its stake in Entegris by 19.2% during the first quarter. Parvin Asset Management LLC now owns 745 shares of the semiconductor company's stock valued at $87,000 after acquiring an additional 120 shares during the period. Lido Advisors LLC increased its stake in Entegris by 1.5% during the first quarter. Lido Advisors LLC now owns 8,542 shares of the semiconductor company's stock valued at $1,002,000 after acquiring an additional 125 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC raised its holdings in Entegris by 0.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 33,918 shares of the semiconductor company's stock valued at $2,858,000 after acquiring an additional 127 shares in the last quarter.

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 electronic devices. Its offerings are designed to help manufacturers manage contamination, control critical process environments and improve the performance and reliability of production processes.

The company's products include specialty chemicals and gases, liquid and gas filtration systems, wafer-handling and storage products, contamination-control solutions, chemical-mechanical planarization materials, and deposition-related technologies.

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