What Happened?
Shares of semiconductor materials supplier Entegris (NASDAQ:ENTG) jumped 10.2% in the afternoon session after the company reported fourth-quarter results that beat analyst expectations and provided a strong forecast for the first quarter of 2026.
The advanced materials supplier posted adjusted earnings of $0.70 per share on revenue of $823.9 million, surpassing consensus estimates. While these results were positive compared to forecasts, they represented a decline from the same period in the previous year when the company reported adjusted earnings of $0.84 per share. However, the key driver for the stock's rise appeared to be the company's upbeat outlook. For the first quarter of 2026, Entegris forecasted revenue between $785 million and $825 million, with adjusted earnings per share ranging from $0.70 to $0.78. This guidance was comfortably above analyst expectations, suggesting stronger performance ahead and boosting investor confidence.
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What Is The Market Telling Us
Entegris’s shares are extremely volatile and have had 36 moves greater than 5% over the last year. But moves this big are rare even for Entegris and indicate this news significantly impacted the market’s perception of the business.
The previous big move we wrote about was 26 days ago when the stock gained 11.9% on the news that UBS analyst Timothy Arcuri upgraded the stock from a "Neutral" to a "Buy" rating and significantly raised the price target. The price target saw a substantial increase to $145.00 from $90.00, reflecting strong confidence in the company's future. Adding to the bullish sentiment, KeyBanc also lifted its price target on the shares to $111 from $107. This wave of positive analyst ratings followed Entegris's announcement that its board declared a quarterly cash dividend of $0.10 per share, which supported investor confidence in the company's financial health.
Entegris is up 49.5% since the beginning of the year, and at $133.91 per share, has set a new 52-week high. Investors who bought $1,000 worth of Entegris’s shares 5 years ago would now be looking at an investment worth $1,399.
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