Entegris (NASDAQ:ENTG) Cut to Hold at Zacks Research

Entegris (NASDAQ:ENTG) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday, Zacks reports.

ENTG has been the subject of a number of other reports. Needham & Company LLC boosted their price objective on shares of Entegris from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. UBS Group increased their price objective on Entegris from $205.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Entegris in a report on Monday, August 3rd. Stifel Nicolaus initiated coverage on shares of Entegris in a research note on Wednesday. They issued a “buy” rating and a $200.00 price objective on the stock. Finally, Wall Street Zen cut shares of Entegris from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Entegris currently has an average rating of “Moderate Buy” and an average price target of $173.80.

Entegris Trading Down 2.5%

NASDAQ ENTG opened at $162.19 on Wednesday. The stock has a market cap of $24.73 billion, a P/E ratio of 81.50, a P/E/G ratio of 1.53 and a beta of 1.40. The stock’s fifty day moving average price is $145.60 and its 200-day moving average price is $142.16. Entegris has a 12 month low of $67.97 and a 12 month high of $186.94. 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 data on Tuesday, August 4th. The semiconductor company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11. The company had revenue of $883.20 million for the quarter, compared to the consensus estimate of $835.79 million. Entegris had a net margin of 9.18% and a return on equity of 12.25%. Entegris’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 EPS. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. As a group, equities analysts forecast that Entegris will post 3.92 EPS for the current fiscal year.

Insider Activity

In other news, insider Olivier Blachier sold 2,000 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $160.66, for a total value of $321,320.00. Following the transaction, the insider directly owned 34,997 shares in the company, valued at $5,622,618.02. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Colella sold 3,916 shares of the stock in a transaction dated 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. This represents a 7.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,978 shares of company stock worth $1,273,734 over the last ninety days. Corporate insiders own 0.53% of the company’s stock.

Hedge Funds Weigh In On Entegris

A number of hedge funds have recently added to or reduced their stakes in ENTG. Ancora Advisors LLC grew its stake in Entegris by 85.1% in the second quarter. Ancora Advisors LLC now owns 174 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 80 shares during the last quarter. Parvin Asset Management LLC boosted its stake in Entegris by 19.2% in 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 in the last quarter. Lido Advisors LLC grew its holdings in Entegris by 1.5% in the first quarter. Lido Advisors LLC now owns 8,542 shares of the semiconductor company’s stock worth $1,002,000 after purchasing an additional 125 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its holdings in shares of Entegris by 0.3% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 44,907 shares of the semiconductor company’s stock valued at $5,199,000 after purchasing an additional 128 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Entegris by 0.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,084 shares of the semiconductor company’s stock valued at $4,465,000 after buying an additional 147 shares in the last quarter.

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.