{ "symbol": "ENTG", "company": "Entegris, Inc.", "generated_at": "2026-06-24T07:36:47.376Z", "event_count": 12, "events": [ { "type": "pipeline_event", "ts": "2026-06-23T16:10:15.030Z", "stage": "cooldown", "outcome": "skip", "reason": "recent analyst:skip 78.9h ago < cooldown 168h, no material change", "trigger": "watchlist rotation · core · ai-buildout", "source": "watchlist" }, { "type": "analyst_decision", "ts": "2026-06-20T09:13:44.617Z", "skip": true, "reason": "The stock is fully valued at a 38.7x forward P/E after a 137% YTD run, with no insider buying and material insider selling. Anti-signals (concentration, dilution) and stretched technicals leave no margin of safety for either a long or income structure.", "score": 18, "breakdown": { "smart_money": 0, "options_flow": 6, "catalyst": 8, "mispricing": 0, "quality": 0, "technical": 4 }, "debug_path": "drafts/2026-06-20-ENTG.analyst.debug.json" }, { "type": "scout_dossier", "ts": "2026-06-20T09:13:11.965Z", "summary": "Entegris is a $27B market cap semiconductor materials supplier operating two segments: Materials Solutions (deposition materials, CMP slurries/pads, etch chemicals) and Advanced Purity Solutions (filtration, contamination control). The stock has run +137% YTD to an all-time high of $178.77 — driven by AI-driven advanced packaging demand, molybdenum integration at advanced nodes, and EUV patent resolution with JSR/Inpria in May 2026. The options flow shows three OTM call whale blocks (180/200/220 strikes on Aug-21 expiry) with net +$2M directional bias, corroborated by strong Q1 EPS beat (+15.4% surprise). However, the stock is fully-valued at forward P/E ~38.7x versus sector median ~30-35x, and a director sold ~$513K in open-market shares on June 3rd (near current prices), which qualifies as an anti-signal. No CEO/CFO open-market purchases exist; all recent Form 4 buys were RSU vests or stock plan transactions. The Q2 earnings catalyst is July 30th, 2026 — 40 days away from spot.", "verdict": "range_bound_or_income", "confidence": 5, "tool_calls": 22, "walltime_min": 17, "debug_path": "dossiers/2026-06-20-ENTG.scout.debug.json" }, { "type": "analyst_decision", "ts": "2026-06-13T10:14:05.383Z", "skip": true, "reason": "Rich valuation (32.6x Fwd P/E, ~30x EV/EBITDA) leaves no margin of safety, and heavy insider selling (~$48.6M) negates smart-money support. While IV is elevated (~73%), the lack of mispricing and presence of concentration/dilution anti-signals make this dossier unsuitable for publication.", "score": 18, "breakdown": { "smart_money": 0, "options_flow": 2, "catalyst": 10, "mispricing": 0, "quality": 0, "technical": 6 }, "debug_path": "drafts/2026-06-13-ENTG.analyst.debug.json" }, { "type": "scout_dossier", "ts": "2026-06-13T10:13:31.411Z", "summary": "Entg has been on a strong run (+51% YTD, +70% 1yr) driven by AI-driven node migration and advanced chip contamination-control demand. The investigation trigger was flagged as '2 Form 4 filings in last 14 days — 1 real trade,' but after reading all relevant filings, the insider activity is predominantly routine: director RSU grants (Azita Saleki-Gerhardt, Yvette Kanouff on May 6), option exercises+10b5-1 sales by executives (Bertrand Loy April 17 ~$47M gross, Clint Haris May 27 ~$1.02M gross), and one director sale (James Lederer June 3). NO open-market buys were detected. The EUV cross-licensing agreement with JSR/Inpria (May 26) resolves a patent dispute but is not an earnings-level catalyst. Valuation is rich: forward P/E of 32.6 and EV/EBITDA ~30x against semiconductor equipment peers at 20-25x. Q1 EPS beat was strong (+15% vs estimate), but the stock has already re-rated significantly on AI-semiconductor optimism with limited room for further multiple expansion.", "verdict": "range_bound_or_income", "confidence": 4, "tool_calls": 25, "walltime_min": 24, "debug_path": "dossiers/2026-06-13-ENTG.scout.debug.json" }, { "type": "scout_dossier", "ts": "2026-06-06T05:01:40.765Z", "summary": "Entegris triggered on Form 4 cluster activity, but after reading all relevant filings, the pattern reflects routine option exercises and pre-scheduled 10b5-1 sales — not genuine open-market insider conviction buys. The stock has had a spectacular run (YTD +48%), is near all-time highs at $125, and trades at a demanding forward P/E of ~27x with elevated EV/EBITDA of ~25x. Q2 results are July 30 with recent beat history, but the valuation appears broadly fair-to-slightly-rich relative to semiconductor materials peers. The bearish put skew in options flow (6:1 put/call ratio) reflects macro hedging rather than an informed directional thesis. No material edge found.", "verdict": "no_anomaly", "confidence": 5, "tool_calls": 20, "walltime_min": 20, "debug_path": "dossiers/2026-06-06-ENTG.scout.debug.json" }, { "type": "analyst_decision", "ts": "2026-05-30T03:55:52.190Z", "skip": true, "reason": "The dossier flags customer concentration and dilution as anti-signals, shows zero insider buying, and the stock trades at a premium 30x forward P/E after a 70% run-up with no identifiable mispricing or margin of safety. While elevated IV (~70%) supports income structures, the lack of quality metrics and clear catalysts fails to clear the publication threshold.", "score": 9, "breakdown": { "smart_money": 0, "options_flow": 3, "catalyst": 5, "mispricing": 0, "quality": 0, "technical": 1 }, "debug_path": "drafts/2026-05-30-ENTG.analyst.debug.json" }, { "type": "scout_dossier", "ts": "2026-05-30T03:54:47.906Z", "summary": "The investigation reveals that the Form 4 cluster trigger (6 filings in 14 days) was almost entirely pre-scheduled option exercises and 10b5-1 sales by insiders — not open-market purchases. Zero true insider buys were found among recent filings; all executives exercised vested options at $98.11 or lower and immediately sold pursuant to pre-established trading plans. This fundamentally weakens the smart-money signal that triggered investigation. The business itself is operationally healthy — Q1 2026 EPS of $0.86 beat consensus by 15.4% on strong AI-driven advanced-node demand, gross margins expanded, new CFO with GlobalFoundries/Marvell pedigree appointed effective May 18, and an EUV cross-licensing agreement with JSR/Inpria adds strategic depth. However, the stock is up ~70% over one year and trades at forward P/E of 30x vs a semiconductor-materials sector that has compressed — making meaningful upside from current levels dependent on continued AI capex cycles rather than any identifiable mispricing. The verdict is range_bound_or_income: the fundamentals are solid but valuation leaves little room for error, and elevated IV (~70%) makes covered-call strategies attractive.", "verdict": "range_bound_or_income", "confidence": 5, "tool_calls": 23, "walltime_min": 15, "debug_path": "dossiers/2026-05-30-ENTG.scout.debug.json" }, { "type": "analyst_decision", "ts": "2026-05-16T10:07:00.264Z", "skip": true, "reason": "Material insider selling ($6.37M), stretched valuation trading at a premium to sector peers, poor quality metrics (ROIC 3.7%, 5.8x net debt/EBITDA), and active dilution/concentration anti-signals negate any income or structural opportunity. The market has already front-run the AI recovery narrative.", "score": 11, "breakdown": { "smart_money": 0, "options_flow": 0, "catalyst": 5, "mispricing": 0, "quality": 0, "technical": 6 }, "debug_path": "drafts/2026-05-16-ENTG.analyst.debug.json" }, { "type": "scout_dossier", "ts": "2026-05-16T10:05:56.082Z", "summary": "Entegris is a semiconductor materials and process solutions company that has surged 62% YTD on AI-driven contamination-control demand narrative, reaching $159 (52w high in April) before pulling back ~16%. Q1 FY26 delivered +15.4% EPS beat ($0.86 vs $0.75 estimate) driven by advanced logic/memory consumables; management guided Q2 to ~$830M in-line with consensus. The stock now sits at forward P/E 28.8x and EV/EBITDA 26.8x — premium-to-sector on weak technicals (below MA20, RSI neutral zone, bearish MACD cross 11 bars ago). No insider open-market purchases were found in the past 90 days; CEO Bertrand Loy executed a pre-planned Rule 10b5-1 sell of options exercise proceeds only. CFO transition (outgoing Linda LaGorga → interim Michael Sauer → incoming Sukhi Nagesh from GlobalFoundries/Marvell) creates mild execution risk ahead of July 30 earnings. ATM IV is 62-66%, making covered-call and strangle structures attractive at this level.", "verdict": "range_bound_or_income", "confidence": 4, "tool_calls": 23, "walltime_min": 22, "debug_path": "dossiers/2026-05-16-ENTG.scout.debug.json" }, { "type": "scout_dossier", "ts": "2026-05-13T04:27:11.534Z", "summary": "{\"symbol\":\"ENTG\",\"company\":\"Entegris, Inc.\",\"investigation_summary\":\"ENTG is a high-quality semiconductor materials and purity-control supplier riding an AI buildout tailwind. The company reported a strong Q1 2026 beat (+15.4% EPS surprise, +5% revenue growth) with accelerating demand in both segments (APS +7%, MS +3%). However, the stock has nearly doubled over one year ($68.80 low → $159.15 high", "verdict": "unparseable", "tool_calls": 17, "walltime_min": 30, "debug_path": "dossiers/2026-05-13-ENTG.scout.debug.json" }, { "type": "scout_dossier", "ts": "2026-05-09T06:06:24.562Z", "summary": "{\"symbol\":\"ENTG\",\"company\":\"Entegris, Inc.\",\"investigation_summary\":\"Entegris reported a strong Q1 FY2026 beat (+15.4% EPS surprise) and appointed a new CFO (Sukhi Nagesh from GlobalFoundries/Marvell) in late April 2026. A May 6 governance amendment eliminated supermajority voting requirements — a positive but marginal corporate structure improvement. The stock has had an extraordinary run (+82% Y", "verdict": "unparseable", "tool_calls": 19, "walltime_min": 11, "debug_path": "dossiers/2026-05-09-ENTG.scout.debug.json" } ], "lessons": [], "chart_signal": { "ticker": "ENTG", "call": "BUY", "confidence": 5, "score": 7, "factors": { "above_200dma": "+2", "above_50dma": "+1", "momentum_strong_up": "+2 (60.8%)", "rsi_neutral": "0 (59.7)", "macd_above_signal": "+1", "recent_macd_bullish_cross": "+1 (7d ago)", "from_high": "0 (-8.6%)" }, "summary": "BUY (score +7) · 12-1 mom 60.8% · RSI 59.7 · above_both · -8.6% from high", "last_close": 168.22, "one_month_ago_close": 131.39, "twelve_month_ago_close": 81.73, "twelve_one_momentum_pct": 60.76, "rsi_14": 59.7, "ma_stack": "above_both", "from_period_high_pct": -8.58, "period_high": 184, "price_targets": { "bear": 112.34, "fair": 157.7, "bull": 211.6, "bear_return_pct": -33.2, "fair_return_pct": -6.3, "bull_return_pct": 25.8, "method": "street_targets ⨯ chart_floors", "street": { "target_low": 115, "target_mean": 160.6, "target_high": 205, "analyst_count": 10 } }, "generated_at": "2026-06-24T07:36:47.372Z" } }