ENTG - 1 Hidden Stock That Could Benefit From the Chip Manufacturing Boom -- Is It a Buy Now?
2023-10-20 07:40:00 ET
There is buzz surrounding all sorts of semiconductor businesses. The world woke up to the need for more chip manufacturing during the pandemic's height, and governments are now pouring tens of billions of dollars into bolstering their supply chains as a result.
One company that could be a big beneficiary is Entegris (NASDAQ: ENTG) , a top supplier of materials and manufacturing processes for tech -- including the chip industry. Entegris is actually one of the 30 stocks in the iShares Semiconductor ETF .
The stock has been in rally mode this year. It's up nearly 50% as of this writing as Entegris manages the integration of its big $5.7 billion acquisition of peer CMC Materials, completed the summer of 2022. Is Entegris a buy now?
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1 Hidden Stock That Could Benefit From the Chip Manufacturing Boom -- Is It a Buy Now?