Entegris shares surge 10.53% after-hours on UBS upgrade, 61% price target hike, and improved semiconductor capex outlook.

Entegris Inc. (ENTG) surged 10.53% in after-hours trading, driven by a combination of positive catalysts. The stock’s rally coincided with a UBS upgrade citing an improving industry backdrop and strong semiconductor capital expenditure (capex) trends, which bode well for Entegris’ materials and manufacturing solutions. Additionally, the company recently announced a new quarterly dividend, signaling confidence in its cash flow and attracting income-focused investors. Analyst commentary highlighted the stock’s alignment with a bullish semi-capex cycle, while insider purchases and institutional buying activity further reinforced investor sentiment. Despite a Zacks report forecasting near-term earnings declines, the broader narrative of sector strength and Entegris’ strategic positioning outweighed short-term concerns, fueling the after-hours surge.