Birch Run Capital Advisors Lp Exits Position in Entegris Inc (ENTG)

Entegris Inc (ENTG) : Birch Run Capital Advisors Lp has sold out all of its stake in Entegris Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 302,935 shares of Entegris Inc which is valued at $5,158,983.

Other Hedge Funds, Including , Norges Bank boosted its stake in ENTG in the latest quarter, The investment management firm added 111,553 additional shares and now holds a total of 1,089,454 shares of Entegris Inc which is valued at $18,553,402. Entegris Inc makes up approx 0.01% of Norges Bank’s portfolio.Swiss National Bank boosted its stake in ENTG in the latest quarter, The investment management firm added 20,600 additional shares and now holds a total of 240,400 shares of Entegris Inc which is valued at $4,031,508. Entegris Inc makes up approx 0.01% of Swiss National Bank’s portfolio.

Entegris Inc opened for trading at $17.1 and hit $17.28 on the upside on Thursday, eventually ending the session at $17.28, with a gain of 1.41% or 0.24 points. The heightened volatility saw the trading volume jump to 4,60,736 shares. Company has a market cap of $2,440 M.

On the company’s financial health, Entegris Inc reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.20. The company had revenue of $303.05 million for the quarter, compared to analysts expectations of $278.93 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Entegris Inc. Entegris Inc was Downgraded by Dougherty & Company to ” Neutral” on Jul 28, 2016.

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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