Hennessy Equity and Income Fund on Entegris, Inc.
Thesis
Entegris was the fund's largest relative equity contributor in the first half of 2026. Improving semiconductor-fab utilization and accelerating AI-driven demand are supporting growth, while advanced-node transitions increase materials intensity per wafer and help Entegris gain share. With its major investment cycle largely complete, Hennessy expects margin expansion and improving free cash flow to drive the next phase of earnings growth.
“With its investment cycle largely complete, margin expansion and improving free cash flow should drive the next phase of earnings growth.”