diff --git a/homeassistant/helpers/entity.py b/homeassistant/helpers/entity.py
index 762e6813b1d..f039cc315e3 100644
--- a/homeassistant/helpers/entity.py
+++ b/homeassistant/helpers/entity.py
@@ -433,7 +433,7 @@ class Entity:
     async def _async_registry_updated(self, event):
         """Handle entity registry update."""
         data = event.data
-        if data['action'] != 'update' and data.get(
+        if data['action'] != 'update' or data.get(
                 'old_entity_id', data['entity_id']) != self.entity_id:
             return