Seaport Global analyst Michael Harrison CFA maintains $Entegris (ENTG.US)$ with a buy rating, and maintains the target price at $150.
According to TipRanks data, the analyst has a success rate of 60.5% and a total average return of 6.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Entegris (ENTG.US)$'s main analysts recently are as follows:
The company's performance was impacted by weaker than anticipated mainstream logic, 3D NAND, and discrete supply chain constraints. Although estimates were reduced, the stock retains its 'defensive appeal'.
Following a quarter and outlook that were generally seen as lacking, expectations for Entegris have been moderated with estimates being reduced by roughly 8%-12% for the future years. Despite this cyclical reset being less than favorable, it is anticipated that investors will not find this development unexpected in light of the reports from industry peers.
The firm's assessment of Entegris reflects the broader health of the semiconductor market. The company's moderated outperformance anticipated in 2024 is attributed to postponed technology/node transitions and the adoption of new materials. These factors are projected to materialize in 2025, which, in conjunction with improved year-over-year fundamentals, are expected to propel robust earnings growth for Entegris.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
