ENTG - Entegris Stock: Expensive Despite Anticipated Improvements
2024-06-26 12:12:12 ET
Summary
- Entegris, Inc. acquired CMC Materials for $6.5 billion around the top of the market, expanding its presence in the semiconductor sector.
- Despite high leverage and slow growth, Entegris sees improvements in sales and earnings here.
- Entegris continues to guide for a gradual recovery in the semiconductor sector, although I cannot rhyme the current valuation with reasonable and expected performance.
In February, I believed that there were green shoots visible on paper in the case of Entegris, Inc. ( ENTG ) , although this was not yet visible in the actual results....
Entegris Stock: Expensive Despite Anticipated Improvements