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. Aktie
100,34 €
0,69 %
Positive Community-Reaktionen für Entegris Inc. mit mehreren Buy-Einschätzungen, keine Sell-Einschätzungen.
Eine erhebliche Steigerung um mehr als 20% ist für Entegris Inc. mit einem Kursziel von 138 € im Vergleich zum aktuellen Kurs von 100.34 € zu erwarten.
