Is Entegris Inc. (ENTG) A Smart Long-Term Buy?

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Small Cap Growth Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. Small-cap stocks advanced once again in the first quarter of 2021. However, there was a rather considerable disparity among the two style indexes, as the Russell 2000® Growth Index (up 4.87%) significantly lagged its Russell 2000® Value Index counterpart (up 21.16%). You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

Carillon Eagle Small Cap Growth Fund, in their Q1 2021 investor letter, mentioned Entegris, Inc. (NASDAQ: ENTG), and shared their insights on the company. Entegris, Inc. is a Billerica, Massachusetts-based manufacturing company that currently has a $14.7 billion market capitalization. Since the beginning of the year, ENTG delivered a 13.31% return, extending its 12-month gains to 108.76%. As of May 04, 2021, the stock closed at $108.89 per share.

Here is what Carillon Eagle Small Cap Growth Fund has to say about Entegris, Inc. in their Q1 2021 investor letter:

“Entegris provides specialty semiconductor materials for the microelectronics industry. Despite the volatility in the markets, semiconductor chip production continues unabated and has in fact accelerated. Entegris, as a key consumable supplier to this industry, continues to benefit. Most recently, capital spending plans from several top tech companies suggest that chip production will be up very strongly in 2021 and likely to continue into 2022, given the current shortages in the supply chain. Investors have appreciated the key position that the firm has with these major chip manufacturers.”


Our calculations show that Entegris, Inc. (NASDAQ: ENTG) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, Entegris, Inc. was in 30 hedge fund portfolios, compared to 25 funds in the third quarter. ENTG delivered a 14.07% return in the past 3 months.

The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

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Disclosure: None. This article is originally published at Insider Monkey.