On Nov 06, major Wall Street analysts update their ratings for $Entegris (ENTG.US)$, with price targets ranging from $115 to $154.
Citi analyst Atif Malik maintains with a buy rating, and adjusts the target price from $130 to $123.
UBS analyst Timothy Arcuri maintains with a hold rating, and adjusts the target price from $130 to $115.
BMO Capital analyst Bhavesh Lodaya maintains with a buy rating, and adjusts the target price from $145 to $135.
Needham analyst Charles Shi maintains with a buy rating, and adjusts the target price from $150 to $120.
KeyBanc analyst Aleksey Yefremov maintains with a buy rating, and adjusts the target price from $164 to $154.
Furthermore, according to the comprehensive report, the opinions of $Entegris (ENTG.US)$'s main analysts recently are as follows:
Entegris reported softer results than anticipated in mainstream logic, 3D NAND, and discrete supply chain restraints. While estimates have been reduced, the stock retains a 'defensive appeal' according to the analysis.
The recent quarter and outlook for Entegris were deemed generally unsatisfactory, which has prompted a revision of future estimates by approximately 8%-12%. Despite this adjustment reflecting another cyclical reset, which is less than optimal, it is anticipated that investors may not find this update unexpected, considering the context of reports from peers.
The company's Q3 earnings did not meet expectations, and the forward-looking projections also fell short of consensus. Its recent performance mirrors the general state of the semiconductor industry. The anticipated slower pace of outperformance in 2024 is linked to postponed technological/node transitions and the adoption of new materials. However, these factors are likely to come into play by 2025. Alongside anticipated year-over-year improvements in fundamentals, these elements are expected to fuel robust earnings growth for the company.
The company's guidance for EBITDA in the December quarter falls short of the consensus, with the robustness of artificial intelligence-related business being counterbalanced by a softness in the semiconductor sector, according to an analyst.
Entegris's performance in the second half of the year did not meet expectations, primarily due to diminished demand in 3D NAND and mainstream logic. Overall, this year has been characterized as 'fairly disappointing' for the industry, with ongoing revisions to growth expectations from various quarters.
Here are the latest investment ratings and price targets for $Entegris (ENTG.US)$ from 7 analysts:
Note:
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