Entegris (ENTG) Soars to 52-Week High on Upcoming Dividend, 61% PT Hike

We recently published 10 Stock With Eye-Popping Gains; 5 Are on Fresh Highs. Entegris Inc. (NASDAQ:ENTG) was one of the top performers on Thursday.

Entegris rallied for a third straight day on Thursday to hit a new 52-week high as investors gobbled up shares ahead of an upcoming dividend, while also taking path from an analyst’s 61 percent price target hike for its stock.

At intra-day trading, Entegris Inc. (NASDAQ:ENTG) climbed to as high as $118 before trimming gains to finish the session just up by 9.08 percent at $113.54 apiece.

This followed a market report from UBS on the same day, issuing a “buy” recommendation on the stock after being neutral previously, while upgrading its price target to $145 from $90. The figure marked a 27.7 percent upside from its latest closing price.

Entegris (ENTG) Soars to 52-Week High on Upcoming Dividend, 61% PT Hike

According to UBS, the revision was based on its optimism that Entegris Inc. (NASDAQ:ENTG) would benefit from a broader MSI system recovery, Taiwan Semiconductor’s expansion of N2 nodes production, and the broader adoption of molybdenum, among others.

UBS expects the said factors to contribute to a projected revenue growth of 10 percent and 11 percent in 2026 and 2027, respectively.

In other news, Entegris Inc. (NASDAQ:ENTG) said that it would provide $0.10 in quarterly cash dividends to all shareholders as of January 28, payable on February 18, 2026.

While we acknowledge the risk and potential of ENTG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ENTG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.