Entegris (NASDAQ:ENTG) Stock Rated “Buy” in New Coverage at Truist Financial

Truist Financial initiated coverage on shares of Entegris (NASDAQ:ENTG) in a research note published on Wednesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $190.00 price target on the semiconductor company’s stock.

Other analysts also recently issued research reports about the company. Needham & Company LLC raised their price objective on Entegris from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft raised Entegris from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $152.00 to $200.00 in a report on Wednesday, August 12th. Mizuho boosted their price objective on Entegris from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Stifel Nicolaus began coverage on Entegris in a research note on Wednesday, October 7th. They issued a “buy” rating and a $200.00 target price for the company. Finally, BMO Capital Markets upped their target price on Entegris from $153.00 to $167.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $178.33.

Entegris Stock Down 5.5%

Shares of ENTG opened at $138.74 on Wednesday. The company has a 50-day simple moving average of $147.53 and a 200-day simple moving average of $143.52. The firm has a market capitalization of $21.16 billion, a P/E ratio of 69.72, a P/E/G ratio of 1.35 and a beta of 1.40. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.85 and a current ratio of 3.05. Entegris has a 52 week low of $67.97 and a 52 week high of $186.94.

Entegris (NASDAQ:ENTG) last released its earnings results on Tuesday, August 4th. The semiconductor company reported $0.93 earnings per share 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 during the quarter, compared to analysts’ expectations of $835.79 million. During the same quarter last year, the company earned $0.66 earnings per share. The firm’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 research analysts expect that Entegris will post 3.93 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Wednesday, October 28th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, October 28th. Entegris’s payout ratio is 20.10%.

Insider Activity at Entegris

In other Entegris news, insider Olivier Blachier sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $160.66, for a total transaction of $321,320.00. Following the completion of the transaction, the insider owned 34,997 shares in the company, valued at $5,622,618.02. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Susan G. Rice sold 2,062 shares of Entegris stock in a transaction that occurred 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 sale, the senior vice president directly owned 66,976 shares in the company, valued at $10,014,251.52. The trade was a 2.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,978 shares of company stock valued at $1,273,734 over the last quarter. 0.53% of the stock is owned by company insiders.

Hedge Funds Weigh In On Entegris

A number of hedge funds have recently modified their holdings of ENTG. BlackRock Inc. bought a new position in shares of Entegris during the 2nd quarter worth approximately $3,683,556,000. Principal Financial Group Inc. grew its position in Entegris by 1.2% in the first quarter. Principal Financial Group Inc. now owns 5,885,239 shares of the semiconductor company’s stock valued at $689,990,000 after acquiring an additional 68,152 shares during the period. Primecap Management Co. CA acquired a new position in Entegris during the second quarter worth $562,141,000. Bank of America Corp DE acquired a new position in Entegris during the second quarter worth $489,403,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Entegris during the second quarter worth $486,101,000.

Entegris Company Profile

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.