Entegris Inc. shares continued their upward momentum Thursday, marking a third consecutive day of gains and reaching a new 52-week high. Trading activity showed the stock climbing to an intraday peak of $118 before settling at $113.54, representing a 9.08 percent increase for the session.
The surge followed a market report from UBS issued the same day. The firm changed its recommendation on Entegris stock from neutral to buy and raised its price target to $145 from $90. This new target suggests a 27.7 percent potential increase from the stock's latest closing price.
UBS cited several reasons for the revision. Analysts expressed optimism that Entegris would benefit from a broader recovery in MSI systems, an expansion of N2 node production by Taiwan Semiconductor, and increased adoption of molybdenum. The firm projected these factors would contribute to revenue growth of 10 percent in 2026 and 11 percent in 2027.
Separately, Entegris announced it would pay a quarterly cash dividend of $0.10 per share. The dividend will be distributed to shareholders of record as of January 28, with payment scheduled for February 18, 2026.