Truist Financial Begins Coverage on Entegris (NASDAQ:ENTG)

Stock analysts at Truist Financial started coverage on shares of Entegris (NASDAQ:ENTG) in a research report issued to clients and investors 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 target would suggest a potential upside of 17.90% from the stock’s current price.

Several other brokerages have also weighed in on ENTG. Mizuho lifted their price objective on Entegris from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. BMO Capital Markets boosted their price objective on Entegris from $153.00 to $167.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Weiss Ratings restated a “hold (c)” rating on shares of Entegris in a research note on Monday, August 3rd. Freedom Capital upgraded Entegris to a “strong-buy” rating in a research note on Monday, August 3rd. Finally, Needham & Company LLC raised their target price on Entegris from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Entegris has an average rating of “Moderate Buy” and an average target price of $178.33.

Entegris Stock Up 0.7%

NASDAQ ENTG opened at $161.16 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.85 and a current ratio of 3.05. The firm has a 50-day simple moving average of $147.56 and a 200 day simple moving average of $143.06. Entegris has a twelve month low of $67.97 and a twelve month high of $186.94. The stock has a market cap of $24.58 billion, a PE ratio of 80.98, a PEG ratio of 1.47 and a beta of 1.40.

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

Insider Buying and Selling

In related news, SVP Joseph Colella sold 3,916 shares of the business’s 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 sale, the senior vice president owned 50,297 shares of the company’s stock, valued at $8,272,850.56. The trade was a 7.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Susan G. Rice sold 2,062 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were 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. This trade represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,978 shares of company stock worth $1,273,734 in the last 90 days. 0.53% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ENTG. Deutsche Bank AG acquired a new stake in shares of Entegris in the 2nd quarter valued at $69,930,000. BlackRock Inc. acquired a new stake in shares of Entegris during the 2nd quarter worth about $3,683,556,000. Man Group plc acquired a new stake in shares of Entegris during the 2nd quarter worth about $2,461,000. Corient Private Wealth LLC lifted its holdings in Entegris by 101.9% during the 4th quarter. Corient Private Wealth LLC now owns 9,253 shares of the semiconductor company’s stock valued at $783,000 after purchasing an additional 4,671 shares during the last quarter. Finally, SEB Asset Management AB bought a new position in Entegris during the 1st quarter valued at about $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.