Entegris' Record 1Q Reflect Specialized Product Mix Meshing With Chipmaker Needs; Raising FVE
We plan to raise our $38 fair value estimate by $1-$2 for narrow-moat electronic materials supplier Entegris following its record first-quarter results and our updated financial forecast. Key drivers include forecasts of strong semiconductor industry growth and investment, along with our confidence in the company’s ability to profitably manage its rapid growth.First-quarter results set records for revenue, operating income, and adjusted EPS. Revenue grew 16% year over year, reflecting mainly ro...
Entegris is a developer, manufacturer and supplier of microcontamination control products, chemicals and materials handling solutions for manufacturing processes in the semiconductor and other industries. The company has three segments: Specialty Chemicals and Engineered Materials, which provides process chemistries, gases, and materials; Microcontamination Control, which provides solutions to filter and purify liquid chemistries and gases used in semiconductor manufacturing processes and other industries; and Advanced Materials Handling segment, which develops solutions to monitor, protect, transport, and deliver liquid chemistries, wafers and substrates.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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