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BILLERICA, Mass. - Entegris, Inc. (NASDAQ: ENTG), a key supplier in the semiconductor and high-technology industries with a market capitalization of $11.6 billion, has announced the retirement of its President and CEO, Bertrand Loy, effective August 18, 2025. According to InvestingPro data, the company maintains strong financial health with a current ratio of 3.26, indicating robust liquidity. David Reeder, currently serving on the Entegris Board of Directors, is set to succeed Loy. Loy will continue his association with the company as Executive Chair of the Board until the end of the second quarter of 2026 to ensure a smooth leadership transition.
Reeder, who brings a wealth of experience from his financial and operational roles in large public companies, especially in the semiconductor sector, will take over the reins as CEO. His career includes positions such as CFO at Chewy Inc., and various leadership roles at GlobalFoundries, Texas Instruments, and Broadcom. He has also served as CEO at Lexmark International and Tower Insurance Group.
Loy expressed his gratitude for the opportunity to lead Entegris and confidence in the company’s future trajectory. He praised the global team for their role in Entegris’ competitive edge and anticipated their continued value to customers and shareholders. The company has demonstrated solid performance with a gross profit margin of 46% and annual revenue of $3.2 billion. InvestingPro analysis reveals several more key insights about Entegris’ performance and future prospects, available in their comprehensive Pro Research Report.
James F. Gentilcore, Lead Independent Director at Entegris, acknowledged Loy’s visionary leadership which has significantly grown the company’s revenue and market capitalization. The Board’s decision to appoint Reeder reflects a strategic move to further elevate Entegris and maintain its competitive edge.
Reeder expressed his gratitude for the Board’s confidence and is eager to build on the company’s culture of continuous improvement and excellence, aiming to deliver value for shareholders, customers, and employees.
Entegris has a global presence with approximately 8,000 employees and facilities across key regions, including North America, Asia, and Europe. The company is renowned for its contributions to the semiconductor industry and holds ISO 9001 certification.
This leadership transition is a strategic step in Entegris’ evolution, as the company aims to continue its growth and industry leadership. Analysts maintain a positive outlook, with consensus recommendations trending towards "Strong Buy." The stock is currently trading near its InvestingPro Fair Value, with analysts setting price targets ranging from $85 to $140. For deeper insights into Entegris and similar investment opportunities, explore the full range of analytical tools and expert research available on InvestingPro. The information reported is based on a press release statement and InvestingPro data.
In other recent news, Entegris Inc. reported its first-quarter 2025 financial results, which showed a slight miss in both earnings per share (EPS) and revenue compared to analyst forecasts. The company posted an EPS of $0.67, just below the anticipated $0.68, while revenue reached $770.3 million, falling short of the expected $791.6 million. KeyBanc Capital Markets responded by adjusting its outlook on Entegris, reducing the price target from $130.00 to $117.00, but maintaining an Overweight rating. This adjustment was influenced by a disappointing first-quarter update and expected revenue loss in China due to recent tariffs and restrictions.
Entegris anticipates a temporary $50 million revenue loss in China during the second quarter of 2025, influenced by its significant exposure to the semiconductor industry’s capital expenditures. Despite these challenges, KeyBanc analysts expect growth to accelerate in the second half of the year, believing in the company’s long-term potential. The company also reported a 5% year-on-year revenue growth, excluding divestitures, with significant gains in its Materials Solutions and Advanced Purity Solutions segments.
For the second quarter of 2025, Entegris projects revenue between $735 million and $775 million, with potential impacts from China tariffs. The company aims to mitigate these effects by year-end through strategic measures. Despite the near-term challenges, Entegris’s Advanced Packaging business doubled, with expectations of over 25% growth in 2025.
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