Bessemer Group Inc. Cuts Stake in Entegris, Inc. (NASDAQ:ENTG)

Bessemer Group Inc. trimmed its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 32.2% in the 1st 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 about 0.73% of Entegris worth $96,749,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ENTG. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Entegris by 7.1% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,100 shares of the semiconductor company's stock worth $2,982,000 after buying an additional 2,000 shares during the period. National Pension Service grew its holdings in Entegris by 9.2% in the 4th quarter. National Pension Service now owns 273,034 shares of the semiconductor company's stock worth $27,047,000 after acquiring an additional 23,111 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Entegris in the fourth quarter valued at about $126,000. Mn Services Vermogensbeheer B.V. increased its position in shares of Entegris by 5.2% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 60,600 shares of the semiconductor company's stock valued at $6,003,000 after acquiring an additional 3,000 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Entegris during the fourth quarter valued at about $42,000.

Entegris Stock Up 1.8%

ENTG stock traded up $1.50 during midday trading on Thursday, hitting $83.65. The stock had a trading volume of 4,071,583 shares, compared to its average volume of 2,715,411. The business has a 50-day moving average of $76.25 and a two-hundred day moving average of $90.02. 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 firm has a market cap of $12.66 billion, a price-to-earnings ratio of 41.01, a price-to-earnings-growth ratio of 1.83 and a beta of 1.24. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last released its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). Entegris had a return on equity of 12.48% and a net margin of 9.57%. The business had revenue of $773.20 million during the quarter, compared to analysts' expectations of $790.75 million. During the same period in the prior year, the company earned $0.68 earnings per share. The firm's quarterly revenue was up .3% compared to the same quarter last year. As a group, equities research analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.48%. Entegris's payout ratio is 19.61%.

Analyst Ratings Changes

Several research firms recently issued reports on ENTG. UBS Group cut their target price on Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Citigroup cut their price objective on Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. KeyCorp decreased their target price on Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price target on shares of Entegris in a research note on Tuesday, May 20th. Finally, Wall Street Zen downgraded shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. One equities research 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $113.00.

About Entegris

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).