Entegris Ends Distribution Agreement with MacDermid Alpha Electronics Solutions

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On June 5, 2023, Entegris ($NASDAQ:ENTG) Inc., one of the leading providers of advanced materials solutions for the semiconductor and other high-tech industries, announced that it would be ending its distribution agreement with MacDermid Alpha Electronics Solutions. This was a significant business move for Entegris, as the company had relied on MacDermid for the sale and distribution of its products for many years. Its products help to ensure the quality and reliability of the components used in electronic devices. Entegris also provides various supply chain solutions such as materials management programs and logistics services.

The decision to end the distribution agreement with MacDermid has been seen as a strategic move by Entegris in order to better align its business with its customers’ needs in the ever-evolving semiconductor industry. This move is expected to help Entegris continue to provide its customers with superior service and solutions that meet their needs in the competitive global market.

Market Price

Monday marked a significant development for Entegris Inc. as they announced the end of their distribution agreement with MacDermid Alpha Electronics Solutions. This move caused the stock of ENTEGRIS to open at $108.1 and close at $106.2 at the end of the day, which was a dip of 2.0% from the previous closing price of 108.4. This end of an agreement will be a major shift in the direction of the company as it looks to shift its focus onto other areas that can yield greater returns and better results. In addition to this, it will also be interested to see how the company will make up for the revenue lost from the now-ended agreement. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Analysis

At GoodWhale, we have conducted a thorough analysis of ENTEGRIS’s fundamentals. Our Risk Rating for this company indicates that it is a high risk investment from both financial and business perspectives. Our analysis has uncovered four risk warnings in the income sheet, balance sheet, cashflow statement, and financial journal. We recommend investors to register with us to access more detailed information about these risk warnings. With GoodWhale’s insights, investors will gain a comprehensive understanding of the risks associated with their investments in ENTEGRIS. We pride ourselves on providing users with accurate and reliable analysis, so that they can make the best possible decisions for their investments. Entegris_Ends_Distribution_Agreement_with_MacDermid_Alpha_Electronics_Solutions”>More…

Peers

Entegris, Inc. is a leading provider of advanced materials and process solutions for the microelectronics industry. The company’s products and services help customers increase productivity, improve product quality, and lower manufacturing costs. Entegris is headquartered in Billerica, Massachusetts and has manufacturing, customer service, and research and development facilities in North America, Europe, and Asia. The company’s common stock is listed on the Nasdaq Global Select Market under the symbol ENTG.

Entegris’ primary competitors are AXT, Inc., Sino-American Silicon Products, Inc., and Oxford Instruments plc. These companies are all leaders in the provision of advanced materials and process solutions for the microelectronics industry.

– AXT Inc ($NASDAQ:AXTI)

AXT, Inc., together with its subsidiaries, focuses on the design, development, and manufacture of compound and single element semiconductor substrates in China, Taiwan, South Korea, and Japan. The company operates in two segments, Optical Communications and Emerging Markets.

– Sino-American Silicon Products Inc ($TPEX:5483)

Sino-American Silicon Products Inc is a leading global supplier of silicon wafers. The company has a market cap of 71.23B as of 2022 and a ROE of 30.39%. The company’s products are used in a wide range of applications including semiconductor manufacturing, solar energy, LED lighting, and power electronics.

– Oxford Instruments PLC ($LSE:OXIG)

Oxford Instruments PLC is a world leader in the design and manufacture of high-performance scientific instruments and systems for research and industrial applications. Its products are used in a wide range of fields, from nuclear magnetic resonance and electron microscopy to materials science and environmental analysis. The company has a market capitalization of 1.08 billion as of 2022 and a return on equity of 13.3%. Oxford Instruments is headquartered in the United Kingdom and has operations in more than 30 countries.

Summary

Entegris Inc is an attractive investment opportunity for investors, given its strong balance sheet, strong margins and excellent track record of delivering above-average returns to shareholders. The company recently announced the termination of its distribution agreement with MacDermid Alpha Electronics Solutions, which is likely to result in improved profitability and cost savings. The company has a strong presence in the semiconductor and specialty materials industries, and appears to be well-positioned to benefit from the increasing demand for these materials over the next few years. Investors should consider Entegris as a potential long-term investment as it offers a solid dividend yield and good prospects for future earnings growth.