Movement Alert｜Entegris Falls 5.02% in Regular Trading, Pullback Follows Recent Rally After Acquisition and Earnings Upside

Market Focus11-04

On November 4, Entegris fell 5.02% in Regular Trading, trading at $143.74 per share, with turnover of $46.23 million.

The most recent market update pointed to a pullback after earlier catalysts had largely been absorbed, following the company’s completed acquisition of Advanced Abrasives and a stronger-than-expected quarterly report.

Entegris said it completed the Advanced Abrasives acquisition to strengthen silicon carbide chemical mechanical planarization capabilities and expand in AI chip advanced packaging. The company also said it plans a new manufacturing line in Taiwan and a long-term development partnership with Element Six on diamond-enabled thermal management systems. Earlier, Entegris reported adjusted Q3 EPS of $1.23 on revenue of $1.005 billion, both above consensus, and guided Q4 adjusted EPS to $1.32-$1.40 on revenue of $1.03-$1.06 billion, ahead of market expectations. BMO subsequently raised its price target to $195 from $167 while maintaining an outperform rating.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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