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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.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.