Entegris (ENTG) Soars to 52-Week High on Upcoming Dividend, 61% PT Hike

We recently published 10 Stock With Eye-Popping Gains; 5 Are on Fresh Highs. Entegris Inc. (NASDAQ:ENTG) was one of the top performers on Thursday.

Entegris rallied for a third straight day on Thursday to hit a new 52-week high as investors gobbled up shares ahead of an upcoming dividend, while also taking path from an analyst’s 61 percent price target hike for its stock.

At intra-day trading, Entegris Inc. (NASDAQ:ENTG) climbed to as high as $118 before trimming gains to finish the session just up by 9.08 percent at $113.54 apiece.

This followed a market report from UBS on the same day, issuing a “buy” recommendation on the stock after being neutral previously, while upgrading its price target to $145 from $90. The figure marked a 27.7 percent upside from its latest closing price.

According to UBS, the revision was based on its optimism that Entegris Inc. (NASDAQ:ENTG) would benefit from a broader MSI system recovery, Taiwan Semiconductor’s expansion of N2 nodes production, and the broader adoption of molybdenum, among others.

UBS expects the said factors to contribute to a projected revenue growth of 10 percent and 11 percent in 2026 and 2027, respectively.

In other news, Entegris Inc. (NASDAQ:ENTG) said that it would provide $0.10 in quarterly cash dividends to all shareholders as of January 28, payable on February 18, 2026.

While we acknowledge the potential of ENTG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.