BIZARRE: Entg - You Need To See This

While the chip industry faces a strong demand with extensive usage of chips, supply chain disruptions coupled with other macroeconomic headwinds continue to keep fundamentally weak stocks under immense pressure. Hence, it could be wise to avoid struggling chip stocks Entegris (ENTG), Wolfspeed (WOLF), and indie Semiconductor (INDI). Continue reading….

Despite the current short-term cyclical downturn, the long-term outlook for the chip industry remains strong thanks to the increasing application of chips in powering critical technological trends. Therefore, quality chip stocks Taiwan Semiconductor Manufacturing (TSM) and Broadcom (AVGO) could be ideal buys this year. However, it could be wise to…

According to Benzinga Pro, during Q1, Entegris (NASDAQ:ENTG) earned $125.70 million, a 6.33% increase from the preceding quarter. Entegris also posted a total of $649.65 million in sales, a 2.27% increase since Q4.

Entegris, Inc (NASDAQ:ENTG) reported first-quarter FY22 sales growth of 27% year-on-year to $649.6 million, beating the consensus of $640.9 million. Revenue from Specialty Chemicals and Engineered Materials segment rose 17.9% Y/Y to $196.4 million; Microcontamination Control expanded 28.7% Y/Y to $266.6 million; Advanced Materials Handling improved 33.4% Y/Y to $198.1 million. Margins: The adjusted…