Shapiro Capital Management Lowers stake in Entegris Inc (ENTG)

Entegris Inc (ENTG) : Shapiro Capital Management reduced its stake in Entegris Inc by 2.98% during the most recent quarter end. The investment management company now holds a total of 13,379,634 shares of Entegris Inc which is valued at $173.4 Million after selling 410,517 shares in Entegris Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Entegris Inc makes up approximately 5.04% of Shapiro Capital Management’s portfolio.

Other Hedge Funds, Including , Connor Clark Lunn Investment Management Ltd. added ENTG to its portfolio by purchasing 32,600 company shares during the most recent quarter which is valued at $422,496. First City Capital Management sold out all of its stake in ENTG during the most recent quarter. The investment firm sold 1,000 shares of ENTG which is valued $12,960.Barrow Hanley Mewhinney Strauss boosted its stake in ENTG in the latest quarter, The investment management firm added 16,419 additional shares and now holds a total of 300,092 shares of Entegris Inc which is valued at $3.9 Million. Entegris Inc makes up approx 0.01% of Barrow Hanley Mewhinney Strauss’s portfolio.Gamco Investors Et Al reduced its stake in ENTG by selling 5,000 shares or 7.46% in the most recent quarter. The Hedge Fund company now holds 62,000 shares of ENTG which is valued at $816,540. Entegris Inc makes up approx 0.01% of Gamco Investors Et Al’s portfolio.

Entegris Inc opened for trading at $13.94 and hit $14.01 on the upside on Wednesday, eventually ending the session at $13.99, with a gain of 1.01% or 0.14 points. The heightened volatility saw the trading volume jump to 4,04,148 shares. Company has a market cap of $1,970 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.

Leave a Reply

Entegris Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Entegris Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.