Stock of the Day

November 26, 2020

Entegris (ENTG)

$146.87
-$6.21 (-4.1%)
Market Cap: $23.34B

About Entegris

Entegris, Inc. develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH). The MC segment solutions to purify critical liquid chemistries and process gases used in semiconductor manufacturing processes and other high-technology industries; integrated circuit chemical mechanical polishing solutions, high-performance etch and clean chemistries, gases and materials, and safe and materials delivery systems. The MS segment provides materials-based solutions, such as chemical mechanical planarization slurries, pads, deposition materials, process chemistries and gases, formulated cleans, etchants, and other specialty materials. The Advanced Materials Handling segment develops solutions for customers' yields by protecting critical materials during manufacturing, transportation, and storage, which include monitor, protect, transport and deliver critical liquid chemistries, wafers, and other substrates for semiconductor, life sciences and other high-technology industries. The company's customers include logic and memory semiconductor device manufacturers, semiconductor equipment makers, gas and chemical manufacturing companies, and wafer grower companies; and flat panel display equipment makers, panel manufacturers, and manufacturers of hard disk drive components and devices, as well as their related ecosystems. It serves manufacturers and suppliers in the solar and life science industries, electrical discharge machining customers, glass and glass container manufacturers, aerospace manufacturers, and manufacturers of biomedical implantation devices. Entegris, Inc. was founded in 1966 and is headquartered in Billerica, Massachusetts.

Today's Trend

Entegris, Inc. (NASDAQ: ENTG) is receiving a notably bullish signal from Wall Street, although the stock has recently moved lower despite the positive analyst developments. The company’s elevated valuation—approximately 74 times earnings—could be encouraging profit-taking even as analysts point to long-term semiconductor growth.

  • Truist Securities initiated coverage with a Buy rating and a $190 price target, implying approximately 29% upside from the referenced price. Truist cited Entegris’ increasing content in advanced semiconductor nodes as a key investment thesis. Truist Securities initiates coverage of Entegris with buy rating
  • Barclays upgraded its view of Entegris to “strong-buy” after initiating coverage at “overweight.” The endorsement adds to the positive analyst momentum and supports the view that Entegris should benefit from demand for advanced semiconductor manufacturing materials. Barclays initiates coverage of Entegris at overweight
  • Entegris declared a quarterly dividend of $0.10 per share. Shareholders of record on October 28 will receive the payment on November 18. The annualized dividend is $0.40 per share, representing a modest 0.3% yield; the ex-dividend date is October 28. Entegris declares $0.10 dividend
  • No material negative company announcement was reported. However, the shares’ high earnings multiple may limit near-term upside or lead to profit-taking when broader semiconductor sentiment softens. The recent decline occurred despite the favorable ratings, suggesting investors may already have anticipated the analyst upgrades.
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