Bessemer Group Inc. Sells 525,458 Shares of Entegris, Inc. (NASDAQ:ENTG)

Bessemer Group Inc. reduced its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 32.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,105,949 shares of the semiconductor company's stock after selling 525,458 shares during the period. Bessemer Group Inc. owned 0.73% of Entegris worth $96,749,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sarasin & Partners LLP bought a new stake in shares of Entegris during the first quarter valued at approximately $1,544,000. National Bank of Canada FI raised its holdings in shares of Entegris by 66,855.0% during the fourth quarter. National Bank of Canada FI now owns 490,780 shares of the semiconductor company's stock valued at $48,617,000 after buying an additional 490,047 shares during the last quarter. Freedom Financial Partners LLC bought a new stake in shares of Entegris during the first quarter valued at approximately $1,487,000. Fenimore Asset Management Inc raised its holdings in shares of Entegris by 3.1% during the first quarter. Fenimore Asset Management Inc now owns 521,077 shares of the semiconductor company's stock valued at $45,584,000 after buying an additional 15,895 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in Entegris by 434.1% during the fourth quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company's stock worth $145,634,000 after purchasing an additional 1,194,903 shares in the last quarter.

Entegris Trading Down 1.5%

NASDAQ ENTG traded down $1.27 on Friday, hitting $82.38. 5,937,107 shares of the stock were exchanged, compared to its average volume of 2,730,072. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $147.57. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.26 and a quick ratio of 1.95. The company has a market capitalization of $12.47 billion, a price-to-earnings ratio of 40.38, a P/E/G ratio of 1.84 and a beta of 1.24. The company's 50-day moving average price is $76.82 and its two-hundred day moving average price is $89.41.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.02). Entegris had a return on equity of 12.48% and a net margin of 9.57%. The firm had revenue of $773.20 million for the quarter, compared to analysts' expectations of $790.75 million. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company's revenue for the quarter was up .3% on a year-over-year basis. Research analysts predict that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Wednesday, April 30th. Entegris's payout ratio is 19.61%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ENTG shares. Citigroup cut their target price on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. KeyCorp cut their target price on Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Needham & Company LLC restated a "buy" rating and issued a $100.00 target price on shares of Entegris in a research report on Tuesday, May 20th. Finally, UBS Group cut their target price on Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $113.00.

Entegris Company Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).