Gmt Capital Corp Lowers stake in Entegris Inc (ENTG)

Entegris Inc (ENTG) : Gmt Capital Corp reduced its stake in Entegris Inc by 0.31% during the most recent quarter end. The investment management company now holds a total of 15,716,630 shares of Entegris Inc which is valued at $203.7 Million after selling 48,700 shares in Entegris Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.Entegris Inc makes up approximately 5.18% of Gmt Capital Corp’s portfolio.

Other Hedge Funds, Including , White Pine Capital boosted its stake in ENTG in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 65,750 shares of Entegris Inc which is valued at $852,120. Entegris Inc makes up approx 0.37% of White Pine Capital’s portfolio.Norges Bank reduced its stake in ENTG by selling 47,455 shares or 4.17% in the most recent quarter. The Hedge Fund company now holds 1,089,454 shares of ENTG which is valued at $14.1 Million. Entegris Inc makes up approx 0.01% of Norges Bank’s portfolio.Rhumbline Advisers boosted its stake in ENTG in the latest quarter, The investment management firm added 8,275 additional shares and now holds a total of 178,162 shares of Entegris Inc which is valued at $2.3 Million. Entegris Inc makes up approx 0.01% of Rhumbline Advisers’s portfolio.

Entegris Inc opened for trading at $13.05 and hit $13.23 on the upside on Monday, eventually ending the session at $13.15, with a gain of 1.47% or 0.19 points. The heightened volatility saw the trading volume jump to 3,93,457 shares. Company has a market cap of $1,852 M.

On the company’s financial health, Entegris Inc reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.15. The company had revenue of $267.00 million for the quarter, compared to analysts expectations of $258.26 million. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Entegris Inc. is a developer manufacturer and supplier of materials and solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company designs manufactures and markets its products through two segments: Critical Materials Handling and Electronic Materials. In the Critical Materials Handling segment the Company offers a range of products that purify monitor and deliver critical liquids and gases to the semiconductor manufacturing process and similar manufacturing processes as well as microenvironment products. In the Electronic Materials segment the Company offers a range of materials and materials delivery systems to support the semiconductor manufacturing processes. The Company’s products and materials are used to manufacture semiconductors micro-electromechanical systems (MEMS) flat panel displays light emitting diodes (LEDs) chemicals and critical components for aerospace glass manufacturing and biomedical applications.

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