Entegris, Inc. (ENTG) develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide.
It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM), Microcontamination Control (MC), and Advanced Materials Handling (AMH).
The SCEM segment provides high-performance and high-purity process chemistries, gases, and materials, as well as delivery systems to support semiconductor and other advanced manufacturing processes.
The MC segment offers solutions to purify critical liquid chemistries and gases for use in semiconductor manufacturing processes and other high-technology industries.
The AMH segment develops solutions to monitor, protect, transport, and deliver critical liquid chemistries, wafers, and other substrates for a broad set of applications in the semiconductor industry and other high-technology industries.
The company's customers include semiconductor device manufacturers, semiconductor equipment makers, gas and chemical manufacturing companies, wafer grower companies, and manufacturers of high-precision electronics; flat panel display equipment makers, materials suppliers and panel manufacturers, and manufacturers of hard disk drive components and devices; and 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.
Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. Note that the formation is supported by the stock's 50-day moving average.
Entry Point: $36.00
Stop Loss: $34.20
52-Weeks Trading Range: $21.78 - $38.25
Target Price: $39.60
ENTG closed at $27.85