D1 Capital Partners Adds Entegris to Its Portfolio

Published 3 hours agoENTG

D1 Capital Partners Adds Entegris to Its Portfolio

D1 Capital Partners, founded by Daniel Sundheim, made a significant investment in Entegris, Inc. during the third quarter of 2024, acquiring approximately 641,101 shares valued at around $72.14 million. This acquisition positioned Entegris as the 25th largest holding in D1 Capital's portfolio, making up about 1.4% of their total investments.

Entegris has caught the attention of analysts, receiving a consensus 'Moderate Buy' rating from ten brokerages and an average one-year price target of $135.40. This positive sentiment among analysts has been partly fueled by Entegris's strategic moves, including a notable divestiture in March 2024.

In an effort to streamline operations, Entegris divested its Pipeline and Industrial Materials (PIM) business for up to $285 million. This strategic divestiture aimed at reducing debt has been praised, with institutions like Goldman Sachs maintaining a 'Buy' rating on the stock. Despite the lack of a specific endorsement from Sundheim, Entegris's strategic steps continue to strengthen its market position.

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