Truist Financial Issues Positive Forecast for Entegris (NASDAQ:ENTG) Stock Price

Entegris (NASDAQ:ENTG) had its target price hoisted by research analysts at Truist Financial from $190.00 to $199.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Truist Financial‘s price target indicates a potential upside of 30.51% from the stock’s current price.

ENTG has been the subject of several other reports. UBS Group reissued a “buy” rating and issued a $220.00 target price on shares of Entegris in a research note on Friday. Stifel Nicolaus started coverage on Entegris in a research note on Wednesday, October 7th. They set a “buy” rating and a $200.00 target price on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Entegris from a “hold” rating to a “buy” rating and upped their price objective for the stock from $152.00 to $200.00 in a research report on Wednesday, August 12th. Barclays lifted their target price on Entegris from $212.00 to $224.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Needham & Company LLC increased their price objective on shares of Entegris from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday. One 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $185.08.

Entegris Stock Down 4.7%

Shares of ENTG traded down $7.52 during trading hours on Friday, reaching $152.48. The company’s stock had a trading volume of 1,510,129 shares, compared to its average volume of 2,845,166. 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 firm has a market cap of $23.25 billion, a price-to-earnings ratio of 77.10, a P/E/G ratio of 1.46 and a beta of 1.40. The company has a 50 day moving average of $146.13 and a two-hundred day moving average of $137.58. Entegris has a 1-year low of $67.97 and a 1-year high of $186.94.

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

Insider Buying and Selling at Entegris

In other Entegris news, insider Olivier Blachier sold 2,000 shares of Entegris stock in a transaction that occurred on Friday, August 14th. The stock was 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 of the company’s stock, valued at $5,622,618.02. The trade was a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 7,978 shares of company stock valued at $1,273,734. Company insiders own 0.53% of the company’s stock.

Institutional Trading of Entegris

Hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC purchased a new stake in Entegris in the second quarter valued at $31,000. Transamerica Financial Advisors LLC bought a new position in shares of Entegris during the second quarter worth about $32,000. Boit C F David bought a new position in Entegris in the 3rd quarter worth about $32,000. Millstone Evans Group LLC grew its holdings in shares of Entegris by 191.3% in the 1st quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 176 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Entegris by 51.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 278 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 94 shares in the last quarter.

Entegris News Roundup

Here are the key news stories impacting Entegris this week:

• Positive Sentiment: Strong Q3 results: Entegris reported earnings of $1.23 per share, versus the $1.03 consensus estimate, while revenue rose 24.6% year over year to $1.01 billion, exceeding expectations of approximately $925 million. Gross margin expanded to 49.7% from 43.5% a year earlier. Entegris quarterly earnings report
• Positive Sentiment: Optimistic outlook: Management forecast fourth-quarter revenue of $1.025 billion to $1.055 billion and GAAP EPS of $1.09 to $1.17. The company also generated $266.8 million in operating cash flow and paid down $200 million of debt, strengthening its financial position. Entegris fourth-quarter guidance
• Positive Sentiment: Analysts raised targets: UBS increased its price target from $205 to $220 and reaffirmed a Buy rating, citing strong earnings, structural margin upside and long-term growth. Barclays raised its target from $212 to $224 and assigned an Overweight rating, while Needham lifted its target from $170 to $185 and maintained Buy. UBS Entegris price target upgrade
• Negative Sentiment: Valuation and selling pressure remain risks: Entegris trades at a high earnings multiple following its substantial advance, and a recent analysis described the stock as fully priced with earnings under pressure. Separately, reported insider activity showed sales but no purchases over the past six months, which may reinforce investor caution. Entegris valuation analysis

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.