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ENTG
LONGINSIDER SELLENTEGRIS INC
Funds
3
Score
4.00
vs SPY
+2.1%
Stock return (since Q-end)
+18.5%
SPY return (since Q-end)
+16.3%
Current price
$138.79
News Summary
NeutralEntegris delivered a strong Q1 2026 beat with 15% EPS upside and solid Q2 guidance, demonstrating disciplined execution and margin expansion. However, mixed analyst sentiment, elevated valuation (37.6x FY2026 P/E), near-term margin dilution from facility ramp-ups, and structural headwinds (wafer start dependency, China exposure, mainstream logic weakness) create meaningful near-term uncertainty despite long-term growth catalysts.
Red flags
- •Valuation concern: 37.6x FY2026 P/E is expensive relative to wafer start dependency and near-term margin headwinds
- •Margin dilution risk: KSP and Colorado facility ramp-ups expected to dilute margins near-term
- •Structural headwinds: ~75% of revenues tied to unit-driven semiconductor wafer starts; vulnerable to memory shortage impacts on PC/smartphone production
- •Elevated debt levels: Remains more leveraged than closest competitors despite debt paydown efforts
- •Recent multiple compressions: Deutsche Bank and Seaport Global downgraded after 35% YTD run-up, citing valuation concerns and caution on near-term outlook
Funds Buying (3)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | QoQ | Status |
|---|---|---|---|---|---|---|
| Lone Pine Capital | Steve Mandel | 3.1M | +61K | $365.2B | +2% | Existing |
| Durable Capital Partners | Henry Ellenbogen | 972K | +972K | $113.9B | — | NEW |
| Maverick Capital | Lee Ainslie | 13K | +13K | $1.5B | — | NEW |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed |
|---|---|---|---|---|---|---|
| Haris Clinton M. | SVP & President, APS Division | SELL | 7K | $149.23 | $1.02M | 2026-05-27 |
| Rice Susan G. | SVP, Global Human Resources | SELL | 7K | $133.01 | $0.92M | 2026-05-15 |
| Rice Susan G. | SVP, Global Human Resources | SELL | 13K | $132.75 | $1.72M | 2026-05-15 |
| Blachier Olivier | SVP, Chief Strategy Officer | SELL | 2K | $140.04 | $0.28M | 2026-05-14 |
| Colella Joseph | SVP and General Counsel | SELL | 4K | $140.25 | $0.55M | 2026-05-14 |
| Colella Joseph | SVP and General Counsel | SELL | 2K | $140.04 | $0.34M | 2026-05-14 |
| Haris Clinton M. | SVP & President, APS Division | SELL | 6K | $144.57 | $0.84M | 2026-05-14 |
| LOY BERTRAND | Executive Chair | SELL | 44K | $144.41 | $6.37M | 2026-04-17 |
| LOY BERTRAND | Executive Chair | SELL | 17K | $140.22 | $2.44M | 2026-04-14 |
| Blachier Olivier | SVP, Chief Strategy Officer | SELL | 275 | $115.57 | $0.03M | 2026-04-07 |
| Colella Joseph | SVP and General Counsel | SELL | 2K | $115.57 | $0.18M | 2026-04-07 |