Semiconductors are in hot demand amid the continuing shortage and rising demand. Military and industrial sales are expected to rise as Western Europe and the U.S. beef up defense spending as Russia continues its war on Ukraine. And receding Covid cases means more businesses are open for business. Highly rated Entegris makes specialized gear used to make chips. And on Thursday, the Relative Strength (RS) Rating for Entegris jumped into a new percentile, as it got a lift to 78 from 63. Entegris stock fell 1.3% Thursday, to 123.73.
The new 78 RS Rating means Entegris stock has outperformed 78% of all stocks over the past year and places it just below a key benchmark. Over 100 years of market history reveals that the best stocks typically have an RS Rating north of 80 as they launch their largest runs. See if Entegris can continue to rebound and hit that benchmark.
Entegris Stock In Top Echelon
Billerica, Mass.-based Entegris makes contamination control, specialty materials and microenvironment equipment for chip manufacturers.
Among its other key ratings, Entegris stock has an 89 Composite Rating. That puts it in the top 11% of stocks overall. Its near-best 96 EPS Rating, out of 99, reflects strong continuous profit growth. Like many other tech companies, it has a lackluster D Accumulation/Distribution Rating. Institutional investors have shied away from tech stocks during the market correction.
Meanwhile, it's posted double-digit profit and sales growth for at least the last four quarters. Earnings grew 35% in the latest quarter to 96 cents per share. Sales rose 23% to $635.2 million.
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Entegris stock is working on a consolidation with a 158.10 entry. See if the stock can break out in volume at least 40% above average.
Peers In Chip Gear Market
Entegris stock earns the No. 4 rank among its peers in the Electronics-Semiconductor Equipment industry group. Photronics and Onto Innovation are also among the group's highest-rated stocks.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This proprietary Relative Strength Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matched up against all other stocks.
