Entegris is a provider of products and systems that purify, protect, and transport critical materials used in the semiconductor device fabrication process.
Entegris has about 3,500 employees in manufacturing, service center and research facilities in the USA, Malaysia, Singapore, Taiwan, China, Korea, Japan, Israel, Ireland, Germany and France.
The company seeks to help manufacturers increase their yields by improving contamination control in several key processes. These include photolithography, wet etching & cleaning, chemical-mechanical planarization, thin-film deposition, bulk chemical processing, wafer and reticle handling and shipping, and testing, assembly and packaging. About 80% of the Company's products are used in the semiconductor industry.
Entegris is tied to the cyclical nature of the industry. The need is increasing for more powerful and efficient semiconductors. There is also growth for Internet of Things (the interconnection via the Internet of computing devices embedded in everyday objects, enabling them to send and receive data). These increasing needs are benefiting Entegris' products, which help advanced manufacturing processes.
The semiconductor industry had problems in 2019, partly because of declining smartphone sales and the fallout of the trade war on manufacturing in Asia.
Entegris revenue decreased 1% in its recent 3rd quarter. However, there are some positive things happening about this company. There are some indications that the semiconductor industry is going to improve. There have been some increased sales in brands of consumer electronics.
The earnings growth in the last few years of Entegris is attractive for investors. This stock showed a surging profit. Double-digit earnings growth is highly preferable. The historical EPS (earnings per share) growth rate for Entegris is 27.3%. There is expectations of some projected growth. The company's EPS is expected to grow 2.1% this year, crushing the industry average, which calls for EPS growth of -34.9%.
Entegris has an Sales/Total Assets ratio of 0.66, which means that the company gets $0.66 in sales for each dollar in assets. The industry average of 0.59. This means Entegris is more efficient than average. Entegris is a good performer and a good choice for growth investors.
I like the double digit share price rise of over 10% in the past few months. The share price volatility seems kind of high, though. I like that strong growth earnings are expected in the next few years.
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