10 Best Stocks to Buy According to D1 Capital’s Daniel Sundheim

6. Entegris, Inc. (NASDAQ:ENTG)

D1 Capital Partners’s Stake as of Q4: $272.7 million

Number of Hedge Fund Holders: 47

Entegris, Inc. (NASDAQ:ENTG) is a global semiconductor equipment company that primarily provides products and services that assist chip makers in maintaining the purity of their products during manufacturing processes.

Entegris, Inc. (NASDAQ:ENTG) posted fourth-quarter 2024 results that surpassed analyst expectations, with adjusted earnings per share of $0.84 and revenue of $849.84 million, both exceeding the average forecast. However, the company offered lower-than-expected guidance for the first quarter of 2025, estimating adjusted EPS of $0.64 to $0.71 and revenues of $775 million to $805 million. That said, Entegris, Inc. (NASDAQ:ENTG) has achieved a notable milestone by being included in the S&P MidCap 400 index, which may increase its visibility to investors.

Furthermore, on April 16, Entegris, Inc. (NASDAQ:ENTG) reported that its board of directors had authorized a quarterly cash dividend of $0.10 per share to be paid on May 21 to shareholders of record at the close of business on April 30.

The London Company Mid Cap Strategy stated the following regarding Entegris, Inc. (NASDAQ:ENTG) in its Q4 2024 investor letter:

“Entegris, Inc. (NASDAQ:ENTG) – ENTG underperformed during 4Q due to a more sluggish market recovery, particularly in mainstream and 3D NAND areas, as well as providing a cautious outlook. That said, its solutions for advanced technology and incremental wafer content gains should propel a faster recovery next year. ENTG is one of the most diversified players in the semi-materials industry with its size and scale. We remain attracted to the industry’s high barriers to entry, limited competitors, and high switching costs.”