Stock market today: S&P 500 drops for fifth day as focus shifts to Powell’s speech
Entegris Inc. (NASDAQ:ENTG), a leader in specialty chemicals and advanced materials solutions for the microelectronics industry, has seen its stock price touch a 52-week low, reaching $94.81. With a market capitalization of $14.39 billion, the company currently trades at a P/E ratio of 49.91x. According to InvestingPro analysis, the stock appears overvalued at current levels. This downturn reflects a broader market trend that has seen many technology-related stocks facing headwinds over the past year. Entegris, in particular, has experienced a significant decline, with its 1-year change data showing a decrease of -32.13%. While revenue has declined by 8.02%, analysts maintain optimistic price targets ranging from $115 to $150, suggesting potential upside. Investors are closely monitoring the company’s performance, as well as market conditions, for signs of a potential rebound or further adjustments in the stock’s valuation. InvestingPro subscribers have access to 10 additional key insights about ENTG’s valuation and growth prospects.
In other recent news, Entegris, Inc. reported fourth-quarter 2024 results that exceeded analyst expectations, with adjusted earnings per share (EPS) of $0.84, surpassing the estimate of $0.79. Revenue for the quarter reached $849.84 million, beating the consensus expectation of $828.02 million and marking an 11% increase year-over-year when excluding divestitures. However, the company provided first-quarter 2025 guidance below expectations, forecasting adjusted EPS between $0.64 and $0.71, compared to the consensus estimate of $0.78. Entegris also projected revenue for the first quarter to be between $775 million and $805 million, below the analyst consensus of $795.4 million.
In another development, Entegris will join the S&P MidCap 400 index, replacing Arcadium Lithium due to its acquisition by Rio Tinto (NYSE:RIO). This inclusion is anticipated to increase the company’s visibility among investors. Analyst firms have also adjusted their outlooks on Entegris. KeyBanc Capital Markets reduced its price target from $150 to $141 while maintaining an Overweight rating, citing growth prospects through 2025. BMO Capital Markets lowered its target from $135 to $131, reiterating an Outperform rating, highlighting strong 2024 results and margin expansion.
Citi raised its price target for Entegris from $123 to $125, maintaining a Buy rating, following stronger-than-expected December quarter results despite lower guidance for the March quarter. The firm expects sequential growth through 2025, driven by node transitions and growth in advanced packaging. These recent developments reflect a mix of optimism and caution among analysts regarding Entegris’ future performance.
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