Entegris (ENTG) Positions to Benefit From Rebounding Wafer Starts and Memory Capex

Entegris (ENTG) Positions to Benefit From Rebounding Wafer Starts and Memory Capex

Mon, September 7, 2026 at 6:38 PM GMT+3 3 min read

• ENTG +6.15%

Artisan Partners, an investment management company, released its second-quarter 2026 investor letter for the "Artisan Mid Cap Fund". The letter can be downloaded here. Global equities rebounded sharply in Q2 2026, recovering from March lows as resilient economic data, strong corporate earnings, and continued AI investment improved investor sentiment despite inflation concerns, delayed rate cuts, and geopolitical uncertainty. The portfolio generated strong absolute returns and outperformed the Russell Midcap® Growth Index, benefiting from semiconductor exposure within IT and strong stock selection in health care and consumer discretionary. Its Investor Class: ARTMX returned 17.86%, Advisor Class: APDMX returned 17.88%, and Institutional Class: APHMX returned 17.93% vs. a 14.55% gain for the index. Healthcare was the largest contributor, with biotech holdings driving gains, while consumer holdings also performed well. Software exposure, aerospace and defense holdings, and communication services positions weighed on relative performance. The fund continues to focus on identifying high-quality growth companies with durable secular trends and attractive valuation opportunities.

In its second-quarter 2026 investor letter, Artisan Mid Cap Fund highlighted Entegris, Inc. (NASDAQ:ENTG) as a newly added position. Headquartered in Billerica, Massachusetts, Entegris, Inc. (NASDAQ:ENTG) provides materials and process solutions for the semiconductor and other high-technology industries. On September 04, 2026, Entegris, Inc. (NASDAQ:ENTG) closed at $138.74 per share, reflecting a market capitalization of $21.2 billion. Entegris, Inc. (NASDAQ:ENTG) posted a one‑month return of -3.79%, while its shares gained 68.91% over the past 52 weeks.

Artisan Mid Cap Fund stated the following regarding Entegris, Inc. (NASDAQ:ENTG) in its Q2 2026 investor letter:

"Entegris, Inc. (NASDAQ:ENTG) is a leading supplier of advanced materials, specialty chemicals and filtration systems used in semiconductor manufacturing. We initiated a GardenSM position in the company due to long-term content growth potential, driven by node transitions, materials innovation and advanced packaging. Recent results were thesis affirming, with improving visibility into fab construction demand, confirmed gross margin recovery potential and progress on deleveraging. The profit cycle remains early enough to be compelling, in our view, with a recovery in memory capex and wafer starts likely to support higher volume-based revenue and margin expansion over time."

Entegris, Inc. (NASDAQ:ENTG) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 47 hedge fund portfolios held Entegris, Inc. (NASDAQ:ENTG) at the end of the second quarter, the same as in the previous quarter. While we acknowledge the potential of Entegris, Inc. (NASDAQ:ENTG) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Entegris, Inc. (NASDAQ:ENTG) and shared Hennessy Equity and Income Fund's insights on the company. In addition, please check out our hedge fund investor letters Q2 2026 page for more investor letters from hedge funds and other leading investors.

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This article is originally published at Insider Monkey.