Stock Price Prediction

Analysis and Insights

To predict the stock price of Entegris, Inc. (ENTG) for the next trading week, we will analyze both technical indicators and recent news sentiment.

Technical Analysis:

ENTG's current price is $103.89 as of 2025-03-10. Key technical indicators include:

• RSI (14): 54.80 (neutral, not overbought or oversold)
• MACD: -0.91 (slightly bearish signal)
• Fibonacci Levels:
  • Resistance: 104.06, 106.44
  • Support: 96.34, 93.96
  • Pivot: 100.20

The stock is currently trading near the pivot level, with resistance just above the current price.

News Sentiment and Fundamental Analysis:

1. CHIPS Act Impact: The U.S. Commerce Department has laid off staff overseeing the CHIPS Act, which could delay disbursements and impact semiconductor manufacturing investments. However, companies like Entegris have already secured funding under this initiative, which may mitigate the negative impact.

2. Earnings and Guidance: Entegris reported strong Q4 earnings with revenue of $849.84M (5% YoY growth) and adjusted EPS of $0.84, beating estimates. However, the company provided cautious guidance for Q1 2025, with EPS expected to be lower than analyst estimates.

3. Analyst Sentiment: Needham maintains a "Buy" rating with a $120 price target, reflecting confidence in Entegris' long-term growth despite near-term challenges.

Price Prediction:

Based on the technical indicators and news sentiment, ENTG is expected to trade in a range of $101.50 to $106.20 next week. The stock is likely to test the upper resistance level of $106.44 if positive news emerges, but may face selling pressure near that level.

Recommendation:

Buy ENTG with a target price of $106.20. The stock's strong earnings performance and continued investments in the semiconductor sector outweigh the near-term challenges.