ENTG Stock Recent News

BILLERICA, Mass.--(BUSINESS WIRE)--Entegris (Nasdaq: ENTG), a leading supplier of advanced materials and process solutions for the semiconductor and other high-technology industries, today issued its fourth annual Corporate Social Responsibility (CSR) report. The 2023 Corporate Social Responsibility Report is available online and provides a comprehensive overview of Entegris' continued efforts to advance the company's CSR strategy across its four key pillars: Innovation, Safety, Personal Develo.

American Chip manufacturing supplier Entegris said on Wednesday that it has inked a preliminary deal with the Biden administration for funding of up to $75 million to aid the development of a new facility in Colorado Springs, Colorado.

BILLERICA, Mass.--(BUSINESS WIRE)--Entegris (Nasdaq: ENTG), a global leader in advanced materials science, and the U.S. Department of Commerce have signed a non-binding Preliminary Memorandum of Terms (PMT) for up to $75 million in proposed direct funding to Entegris under the CHIPS and Science Act. This funding would support the development of a state-of-the-art facility in Colorado Springs designed to create products critical to the future of semiconductor manufacturing in the U.S. Entegris i.

At this point, directly betting against semiconductor stocks – especially if they're named Nvidia (NASDAQ: NVDA ) – should first come with a warning. The sector continues to defy gravity, with demand seemingly pointing to a limitless ceiling.

Entegris (ENTG) could produce exceptional returns because of its solid growth attributes.

BILLERICA, Mass.--(BUSINESS WIRE)--Entegris, Inc. (NASDAQ: ENTG), will release its financial results for the first quarter of 2024, before the opening of the market on Wednesday, May 1, 2024. A teleconference with management is scheduled for the same day at 9:00am ET. Participants should dial + 1-800-267-6316 or 203-518-9783 and reference Conference ID: ENTGQ124. Participants are asked to dial-in 5 to 10 minutes prior to the start of the call. For the live webcast and replay of the call, please.

The global financial markets are like a machine, and each asset class acts as a cog that twists and turns each cycle. Today, there are a few key trends that investors should be aware of before the quarter ends to help them consider the best themes for growing their wealth.

Entegris is experiencing earnings growth expectations for 2024 and has seen an increase in price momentum. The company's recurrent sales and efforts to reorganize its balance sheet may lead to improvements in future FCF growth and margin. ENTG is well-positioned in the semiconductor industry and has a strong portfolio of electronic materials, driving significant growth potential.

ENTG's 4Q23 revenue was $812 million, down 9% sequentially and 14% annually, but gross profit margin increased to 42.4%. Management expects ENTG to outperform market growth by 400 to 500 bps in FY24, with revenue of ~$3.5 billion and adj EPS >$3.25. ENTG is expected to see revenue growth, gross margin expansion, strong FCF generation, and optimization of its business portfolio, supporting a bullish view.

The Zacks Electronics - Manufacturing Machinery industry participants like Entegris (ENTG) and Veeco Instruments (VECO) are benefiting from increased capital spending on high-performance computing, advanced packaging and memory.