--- title: "Entegris insiders and growth funds sold $1.4 billion while Stifel made the AI case" description: "Stifel just made the AI-materials case for Entegris with a $200 target. The filings show insiders and growth funds selling about $1.4 billion of stock into the same rally, with the quarter that settles it due October 29." publisher: "The Inference" section: "Money" published: 2026-10-08T23:04:11.429Z modified: 2026-10-08T23:04:11.429Z canonical: https://theinference.org/article/entegris-insiders-and-growth-funds-sold-1-4-billion-while-stifel-made-the-ai-case language: en keywords: "Entegris, Insider Selling, Analyst Ratings, Earnings, Semiconductors" --- # Entegris insiders and growth funds sold $1.4 billion while Stifel made the AI case > Stifel just made the AI-materials case for Entegris with a $200 target. The filings show insiders and growth funds selling about $1.4 billion of stock into the same rally, with the quarter that settles it due October 29. Entegris walks into its October 29 earnings print with two stories running at once, and they do not agree. The public ledger: [Stifel initiated coverage on October 7 with a Buy and a $200 target](https://www.msn.com/en-us/money/top-stocks/entegris-initiated-at-buy-as-products-align-for-leading-edge-logic-and-memory-devices-stifel/ar-AA2dQilx), 21 percent above the $166.32 close, arguing the company's advanced materials earn more per wafer as leading-edge logic, memory and packaging capacity expands. Analyst Brian Chin models a higher growth phase in 2027-28 with EPS growth above 30 percent and calls the stock undervalued at a PEG ratio under 0.85 [5]. The company's own quarter backs him up. [Revenue hit $883.2 million in the period ended June 27](https://www.theglobeandmail.com/investing/markets/stocks/ENTG-Q/pressreleases/3667101/entegris-q2-earnings-call-highlights-ai-demand-and-capacity-expansion/), up 11.5 percent year over year and 5.5 percent above consensus, with adjusted EPS of $0.93 up 40.9 percent and adjusted gross margin at 47.6 percent, the best since early 2022 [4][7]. [Q3 guidance runs $905 million to $935 million in sales](https://www.ad-hoc-news.de/boerse/news/nebenwerte/entegris-stock-reports-11-5-percent-q2-revenue-growth/70168459) and $0.96 to $1.04 in EPS [6]. *Chart: **Revenue hit a record $883.2 million, up 11.5 percent, the fastest growth in two years** Entegris quarterly revenue from Q3 2024 through Q2 2026, rising from about $808 million to a record $883 million, with the biggest year-over-year gain of the series in Q2 2026.* *Quarterly revenue in USD millions from Entegris SEC filings, retrieved October 8, 2026. [9]* ## Growth funds sold $1.43 billion in the quarter that beat The filing ledger is not bullish. [Insiders sold 13 times over the past six months](https://www.quiverquant.com/news/Lobbying+Update%3A+%2490%2C000+of+ENTEGRIS+INC.+lobbying+was+just+disclosed) and bought zero, led by executive chair Bertrand Loy, who sold 61,534 shares for roughly $8.8 million; across six executives, about $16.3 million left the stock [1]. The growth funds that rode the re-rating cashed out in the same Q2 that produced the beat: Lone Pine Capital sold its entire 3.1 million share stake, about $560 million, Cantillon Capital cut its position by 95.4 percent, about $372 million, and Barrow Hanley halved its position, about $498 million [1]. Against that, JPMorgan's book added 5.5 million shares, a roughly $993 million position, and Representative April McClain Delaney bought ENTG in 8 of her 9 trades over six months, worth up to $120,000, in the same quarter the company disclosed $90,000 of lobbying on CHIPS Act implementation, export controls and the Chip EQUIP Act [1]. *Chart: **Three growth funds sold about $1.43 billion of Entegris in the same quarter as the beat** Bar chart comparing the Entegris stakes sold by three growth funds in the second quarter of 2026: Lone Pine Capital about $560 million, Barrow Hanley about $498 million and Cantillon Capital about $372 million.* *Value of Entegris positions sold or trimmed in the quarter ended June 27, 2026, per Quiver Quantitative fund and insider flow data, October 2026. [1]* The market has already voted once on this story, and not the way the bulls tell it. The stock is up 12.2 percent since the August 4 report but [had fallen 9.8 percent in the month after the beat](https://finance.yahoo.com/markets/stocks/articles/why-entegris-entg-down-9-153012945.html), underperforming the S&P 500, before the October re-rating lifted it again [4][8]. At $166.32 it sits below the $186.94 52-week high, and the consensus mean target of $177.06 implies just 6.5 percent upside, with 2 of 18 analyst recommendations still sells [8]. ## Who wins on October 29 The setup leaves no cushion. Consensus looks for $1.02 of adjusted EPS on $923.8 million of revenue, and guidance says $0.96 to $1.04, so even a midpoint result is already in the price of a stock that has nearly doubled year to date [5][6]. If the quarter holds, the AI-materials thesis Stifel just wrote down gets its proof. If guided EPS slips, the flow says the best-informed holders, the ones who sold $1.43 billion of growth-fund paper and $16 million of insider stock, got out first. Two dates settle it: [the October 29 release at 8:00 a.m. ET](https://www.ad-hoc-news.de/boerse/news/nebenwerte/entegris-stock-heads-into-october-29-results-after-q2-revenue-beat/70259795) and the November 9 Investor Day in New York [3][6]. ## Takeaway Stifel's $200 target says Entegris is cheap; the $1.4 billion insiders and growth funds sold into the same rally says the best-informed holders disagree, and the October 29 print against a $905 million to $935 million guide settles which ledger was right. ## Sources 1. [Quiver Quantitative, Lobbying Update: $90,000 of Entegris Inc. lobbying was just disclosed, 7 October 2026](https://www.quiverquant.com/news/Lobbying+Update%3A+%2490%2C000+of+ENTEGRIS+INC.+lobbying+was+just+disclosed) 3. [ad-hoc-news, Entegris stock heads into October 29 results after Q2 revenue beat, 8 October 2026](https://www.ad-hoc-news.de/boerse/news/nebenwerte/entegris-stock-heads-into-october-29-results-after-q2-revenue-beat/70259795) 4. [Zacks Equity Research via Yahoo Finance, Why Is Entegris (ENTG) Down 9.8% Since Last Earnings Report?, 3 September 2026](https://finance.yahoo.com/markets/stocks/articles/why-entegris-entg-down-9-153012945.html) 5. [Seeking Alpha via MSN, Entegris initiated at buy as products align for leading-edge logic and memory devices: Stifel, 8 October 2026](https://www.msn.com/en-us/money/top-stocks/entegris-initiated-at-buy-as-products-align-for-leading-edge-logic-and-memory-devices-stifel/ar-AA2dQilx) 6. [ad-hoc-news, Entegris stock reports 11.5 percent Q2 revenue growth, 23 September 2026](https://www.ad-hoc-news.de/boerse/news/nebenwerte/entegris-stock-reports-11-5-percent-q2-revenue-growth/70168459) 7. [Zacks Investment Research via The Globe and Mail, Entegris Q2 Earnings Call Highlights AI Demand and Capacity Expansion, 5 August 2026](https://www.theglobeandmail.com/investing/markets/stocks/ENTG-Q/pressreleases/3667101/entegris-q2-earnings-call-highlights-ai-demand-and-capacity-expansion/) 8. [Fintel via MSN, Stifel initiates coverage of Entegris with buy, 8 October 2026](https://www.msn.com/en-us/money/top-stocks/stifel-initiates-coverage-of-entegris-with-buy/ar-AA2dPe4t) 9. [Entegris quarterly figures from SEC filings, retrieved 8 October 2026](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001101302) --- Entegris insiders and growth funds sold $1.4 billion while Stifel made the AI case — The Inference. Canonical: https://theinference.org/article/entegris-insiders-and-growth-funds-sold-1-4-billion-while-stifel-made-the-ai-case