Why Entegris Soared Today
Shares of (NASDAQ: ENTG), a specialty chemicals, materials, and micro-contamination equipment supplier for the semiconductor industry, were on the rise today, up 19% as of 3 p.m. ET.
Entegris has several moving parts, with the recent $5.7 billion acquisition of CMC Materials in July 2022, which will soon be somewhat offset by the recent sale of its electronics chemicals business to Fujifilm for $700 million, which was just announced yesterday.
However, amid all those moving parts, investors apparently liked Entegris' adjusted results reported this morning. While the semiconductor industry is in a significant downturn, Entegris appeared to defy expectations, which lends optimism about the resilience of its portfolio.
Source Fool.com
Entegris Inc. Stock
€108.00
3.850%
Entegris Inc. is currently one of the favorites of our community with 10 Buy predictions and no Sell predictions.
With a target price of 135 € there is a positive potential of 25.0% for Entegris Inc. compared to the current price of 108.0 €.
