Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Entegris
So what: The company, which makes equipment used to purify and transport chip-making materials, reported a stellar first quarter last night. Earnings jumped 53% year-over-year to $0.23 per share on 27% higher revenue.
Now what: Management sees the gravy train rolling on in coming quarters, as chip builders remain busy with building out their production facilities. Entegris counts leading chip foundries United Microelectronics Corp.
Interested in more info on Entegris? Add it to your watchlist.