Entegris (NASDAQ:ENTG) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Entegris (NASDAQ:ENTG) had its price target upped by equities researchers at Needham & Company LLC from $170.00 to $185.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC‘s price target points to a potential upside of 15.62% from the stock’s current price.

ENTG has been the topic of a number of other reports. Freedom Capital raised shares of Entegris to a “strong-buy” rating in a report on Monday, August 3rd. Citigroup lifted their price target on shares of Entegris from $170.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, October 20th. Zacks Research downgraded Entegris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 7th. The Goldman Sachs Group raised shares of Entegris from a “sell” rating to a “buy” rating in a report on Wednesday, August 12th. Finally, BMO Capital Markets upped their price target on Entegris from $153.00 to $167.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $182.92.

Entegris Price Performance

Shares of Entegris stock traded up $0.68 during midday trading on Thursday, reaching $160.00. The company had a trading volume of 4,269,936 shares, compared to its average volume of 2,851,929. The stock has a fifty day simple moving average of $145.82 and a 200 day simple moving average of $137.30. Entegris has a 1-year low of $67.97 and a 1-year high of $186.94. The company has a market capitalization of $24.40 billion, a price-to-earnings ratio of 80.40, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40. The company has a current ratio of 3.05, a quick ratio of 1.85 and a debt-to-equity ratio of 0.83.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, October 29th. The semiconductor company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.20. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $925.35 million. Entegris had a return on equity of 12.25% and a net margin of 9.18%. Entegris’s revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 EPS. As a group, equities research analysts forecast that Entegris will post 3.93 earnings per share for the current year.

Insider Activity at Entegris

In other Entegris news, SVP Joseph Colella sold 3,916 shares of the stock in a transaction 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Susan G. Rice sold 2,062 shares of the company’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 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 7,978 shares of company stock valued at $1,273,734. Insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Boit C F David bought a new position in Entegris in the third quarter worth approximately $32,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Entegris during the third quarter valued at $36,393,000. ProShare Advisors LLC raised its position in Entegris by 2.7% during the third 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 period. Vise Technologies Inc. boosted its stake 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 buying an additional 497 shares during the period. Finally, Choreo LLC purchased a new stake in shares of Entegris in the third quarter worth approximately $296,000.

Key Stories Impacting Entegris

Here are the key news stories impacting Entegris this week:

• Positive Sentiment: Q3 results beat expectations. Entegris reported adjusted earnings of $1.23 per share, above the roughly $1.03–$1.04 consensus, while revenue reached $1.006 billion versus estimates near $925 million. Revenue increased 24.6% year over year, and earnings rose from $0.72 per share in the prior-year quarter. Earnings Flash: Entegris Reports Q3 Revenue Above Estimates
• Positive Sentiment: Profitability and demand improved materially. GAAP gross margin expanded to 49.7% from 43.5% a year earlier, while operating income nearly doubled to $230.6 million. Advanced Purity Solutions generated $604.9 million in revenue and Materials Solutions contributed $404.1 million, with reports highlighting strong filtration demand. Entegris Clears Q3 Estimates on Filtration Demand
• Positive Sentiment: Fourth-quarter guidance supports continued growth. Management forecast revenue of $1.025 billion to $1.055 billion and GAAP diluted EPS of $1.09 to $1.17. The company also generated $266.8 million of operating cash flow and repaid $200 million of debt during the quarter. Entegris Announces Fourth-Quarter Financial Outlook
• Neutral Sentiment: Valuation and insider activity remain risks. Despite the earnings momentum, ENTG trades at a high earnings multiple, and reports indicate insiders made 11 sales and no purchases over the past six months. Earlier commentary also characterized the stock as fully priced, which could limit further gains if growth or guidance moderates. Entegris Stock Looks Fully Priced

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.