On August 7, Entegris rose 5.04% in regular trading, trading at $148.78/share, with turnover of $17.51 million.

On the news front, Oppenheimer upgraded Entegris from Market Perform to Outperform on August 5, raising the price target from $160 to $180. The upgrade follows the company's Q2 earnings release on August 4, which significantly beat expectations. Q2 adjusted EPS came in at $0.93, well above the consensus estimate of $0.82, representing a 40.9% year-over-year increase. Net sales reached $883.2 million, surpassing the $835.8 million estimate, up 11.5% year-over-year.

Q3 guidance was equally robust, with expected revenue of $905 million to $935 million versus the $878.6 million consensus, and adjusted EPS of $0.96 to $1.04 versus the $0.93 estimate. The investment bank upgrade layered on top of a dual earnings-and-guidance beat reflects sustained strong demand for advanced-node materials, providing continued support to the stock price.

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