Bessemer Group Inc. Lowers Position in Entegris, Inc. (NASDAQ:ENTG)

Bessemer Group Inc. trimmed its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 32.2% during the first quarter, Holdings Channel.com reports. The fund owned 1,105,949 shares of the semiconductor company’s stock after selling 525,458 shares during the quarter. Bessemer Group Inc.’s holdings in Entegris were worth $96,749,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ENTG. Central Pacific Bank Trust Division grew its holdings in shares of Entegris by 125.7% in the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 171 shares in the last quarter. Quarry LP purchased a new position in Entegris in the fourth quarter worth $28,000. Neo Ivy Capital Management bought a new position in Entegris in the 4th quarter valued at $34,000. Curat Global LLC bought a new position in Entegris in the 1st quarter valued at $39,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Entegris during the 4th quarter valued at $42,000.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $82.15 on Thursday. The firm has a market capitalization of $12.44 billion, a PE ratio of 40.27, a P/E/G ratio of 1.83 and a beta of 1.24. The company has a quick ratio of 1.95, a current ratio of 3.26 and a debt-to-equity ratio of 1.06. The company has a 50-day moving average price of $76.25 and a two-hundred day moving average price of $90.02. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $147.57.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 EPS 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 business had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. During the same period last year, the business posted $0.68 earnings per share. The firm’s quarterly revenue was up .3% on a year-over-year basis. Equities analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Wednesday, April 30th. Entegris’s payout ratio is currently 19.61%.

Analyst Ratings Changes

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