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
With 17 Buy predictions and not the single Sell prediction the community is currently very high on Entegris Inc..
As a result the target price of 138 € shows a positive potential of 36.66% compared to the current price of 100.98 € for Entegris Inc..