ENTG has strong technical momentum following a breakout — golden cross, above all moving averages, volume accumulation — and exceptional cash conversion at 168% of net income, but screens expensive at a forward P/E of 35.2x with just 1.1% headroom to the $164.64 resistance target, and the put/call ratio of 3.41 signals institutional investors are positioned defensively at current levels.
Thesis pillars
- Technical Breakout With Accumulation↓Deteriorating
- Exceptional Free Cash Flow Conversion↑Improving
- Expensive Valuation No Near Term Upside↑Improving
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 11, 2026· older than 90 days
Entegris, Inc. (ENTG) Stock Analysis
Range Bound setup
Technology · Semiconductor Equipment & Materials
Sell if holding. At $142.87, A.R:R 1.0:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Geographic: international sales (82.0%); Concentration risk — Supplier: sole or limited source suppliers.
Entegris supplies critical materials and process solutions for semiconductor manufacturing across two segments—Materials Solutions (deposition materials, CMP slurries, etch/clean chemistries) and Advanced Purity Solutions (filtration, contamination control). Revenue comes from... Read more
Sell if holding. At $142.87, A.R:R 1.0:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Geographic: international sales (82.0%); Concentration risk — Supplier: sole or limited source suppliers. Chart setup: RSI 48 mid-range, Bollinger mid-band. Score 6.0/10, moderate confidence.
Passes 5/8 gates (clean insider activity, news events none recent, earnings proximity 91d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: aggressive.
About Entegris, Inc.
About Entegris, Inc.
International customers—primarily in Taiwan, Korea, Japan, China, and the U.S.—accounted for approximately 82% of Entegris' net sales in 2025, up from 75% in 2023, with China alone representing about 21%. The company's top ten customers accounted for 50% of net sales in 2025, up from 43% in 2023, reflecting ongoing consolidation among semiconductor manufacturers. Entegris invested $329.0 million in engineering, research and development in 2025, representing 10.3% of net sales, focused on materials for 2-nanometer node production, advanced deposition precursors, and EUV reticle pods.
Entegris generates revenue from two segments: Materials Solutions (MS), supplying deposition precursors, CMP slurries and pads, etch and clean chemistries, and ion implant gases; and Advanced Purity Solutions (APS), providing liquid and gas filtration, wafer transport carriers, and chemical handling systems. Because products are predominantly consumables specified into customers' manufacturing processes—with qualification timelines measured in years—switching costs create supply-chain inertia that the 10-K attributes to the high cost and risk of changing materials mid-process. No single product platform exceeded 3% of net sales in 2025. The company relies on single, sole, or limited-source suppliers for certain critical raw materials including plastic polymers, filtration membranes, and petroleum coke; qualifying alternative suppliers can be time-consuming and costly given customer qualification requirements and the technical sensitivity of these products.
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Export controls represent a growing structural risk for Entegris' China business, which accounted for about 21% of 2025 sales. The U.S. government has significantly expanded export controls on semiconductor and high-technology exports to China over recent years, and China imposed restrictions on critical materials and minerals in 2025, potentially disrupting the company's own supply chain. The 10-K discloses that Chinese customers have made efforts to source products domestically to reduce supply chain risk, incentivizing local competitors to close the technology gap. These overlapping pressures—outbound export curbs and inbound domestic-sourcing incentives—could weigh on China revenue and supply costs as local alternatives mature.
See also: Technology · Semiconductor Equipment & Materials
From Entegris, Inc.'s most recent 10-K filing, extracted June 10, 2026.
Recent developments
updated Oct 28, 2026Recent Developments — Entegris, Inc.
Latest news
- NEWS Why Entegris Stock Is Gaining Attention Before Earnings And 14.8% Revenue Growth Expectations - Yahoo Finance — Yahoo Finance Oct 28, 2026 positive
- NEWS Is Entegris Inc (ENTG) Overvalued After 6.1% Rally? GF Value Say - GuruFocus — GuruFocus Oct 28, 2026 neutral
- NEWS Entegris (ENTG) Stock Looks Fully Priced With Earnings Under Pressure - Yahoo Finance — Yahoo Finance Oct 28, 2026 negative
- NEWS Entegris (ENTG) Q3 earnings report preview: what to look for - Yahoo Finance — Yahoo Finance Oct 28, 2026 neutral
- NEWS Entegris (Nasdaq:ENTG) - Stock Analysis - Simply Wall St — Simply Wall St Oct 28, 2026 neutral
Latest item Oct 28, 2026 · Generated 2026-11-05T11:39:29Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomertop ten customers50%10-K Item 1A: 'Our top ten customers accounted for 50%, 48% and 43% of our net sales in 2025, 2024 and 2023, respectively'
- HIGHGeographicinternational sales82%10-K Item 1A: 'Sales to customers outside the U.S. accounted for approximately 82%, 79% and 75% of our net sales in 2025, 2024 and 2023, respectively'
- LOWGeographicChina21%10-K Item 1A: 'China, a market which represented approximately 21% of our sales in 2025'
- HIGHSuppliersole or limited source suppliers10-K Item 1A: 'we rely on single, sole or limited source suppliers for certain raw materials that are critical to manufacturing our products'
Material Events(8-K, last 90d)
- 2026-05-11Item 5.02MEDIUMDaniel Woodland, SVP and President, Materials Solutions, to retire effective June 1, 2026. Successor named: Olivier Blachier, currently SVP and Chief Strategy & Innovation Officer, will assume the Materials Solutions President role while retaining Chief Innovation Officer title.SEC filing →
- 2026-04-30Item 5.02MEDIUMSukhi Nagesh appointed SVP and CFO effective May 18, 2026, succeeding interim CFO Michael Sauer (who served since March 1, 2026). Sauer continues as VP, Chief Accounting Officer. No disagreement with company practices cited.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
2 floor-breakers·1 ceiling hit
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $142.87, A.R:R 1.0:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Geographic: international sales (82.0%); Concentration risk — Supplier: sole or limited source suppliers. Chart setup: RSI 48 mid-range, Bollinger mid-band. Prior stop was $132.87. Score 6.0/10, moderate confidence.
Analyst target: $164.49 (+15.1% upside). Prior stop was $132.87. Stop-loss: $132.87.
Concentration risk — Geographic: international sales (82.0%); Concentration risk — Supplier: sole or limited source suppliers; Sector modifier (Technology): -0.8.
Entegris, Inc. trades at a P/E of 55.6 (forward 25.6). TrendMatrix value score: 4.8/10. Verdict: Sell.
22 analysts rate ENTG, with a consensus score of 4.0/5. 14 analysts publish price targets averaging $189.
What does Entegris, Inc. do?Entegris supplies critical materials and process solutions for semiconductor manufacturing across two...
Entegris supplies critical materials and process solutions for semiconductor manufacturing across two segments—Materials Solutions (deposition materials, CMP slurries, etch/clean chemistries) and Advanced Purity Solutions (filtration, contamination control). Revenue comes from consumable sales to semiconductor fabs; the top ten customers accounted for 50% of 2025 net sales and international customers 82%. R&D investment totaled $329 million in 2025, representing 10.3% of net sales.