Entegris (ENTG) Stock Forecast & Price Target

Entegris demonstrated robust performance in 2024, with notable growth in its CMP product suite, which saw revenue increases of 14% for both CMP slurries and CMP pads. The company achieved a 5% organic revenue growth for the year, despite a generally flat semiconductor capital expenditure environment, with TSMC emerging as a significant contributor to incremental revenue. Looking ahead, Entegris is well-positioned to capitalize on the long-term growth trends within the semiconductor industry, particularly as it outperforms market averages and benefits from increased wafer starts and technology advancements.

The analysis indicates that Entegris is positioned for a challenging growth outlook, with management guiding for only 6.5% revenue growth in 2025 against a backdrop of 1-3% market growth in the semiconductor sector. Furthermore, anticipated declines in infrastructure capital expenditures and a muted market environment outside leading foundries may lead to a quarterly sales decline of approximately 7%. Additionally, external factors such as reduced sales to China are expected to impact around 30 customers, resulting in an estimated revenue loss of $30 million to $40 million for the company in 2025.