We recently published 10 Stock With Eye-Popping Gains; 5 Are on Fresh Highs. Entegris Inc. 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. 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.
According to UBS, the revision was based on its optimism that Entegris Inc. 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. said that it would provide $0.10 in quarterly cash dividends to all shareholders as of January 28, payable on February 18, 2026.
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This article is originally published at Insider Monkey.
