Bessemer Group Inc. reduced its stake in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) by 53.9% in the fourth quarter, Holdings Channel reports. The fund owned 504,465 shares of the semiconductor company’s stock after selling 588,694 shares during the quarter. Bessemer Group Inc.’s holdings in Entegris were worth $42,501,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of ENTG. Capital Research Global Investors bought a new position in shares of Entegris during the 3rd quarter valued at approximately $644,841,000. Van ECK Associates Corp grew its position in shares of Entegris by 1,721.7% during the 3rd quarter. Van ECK Associates Corp now owns 2,173,165 shares of the semiconductor company’s stock valued at $200,931,000 after acquiring an additional 2,053,869 shares during the period. Invesco Ltd. grew its position in shares of Entegris by 183.5% during the 3rd quarter. Invesco Ltd. now owns 3,167,857 shares of the semiconductor company’s stock valued at $292,900,000 after acquiring an additional 2,050,473 shares during the period. Duquesne Family Office LLC bought a new position in shares of Entegris during the 2nd quarter valued at approximately $132,741,000. Finally, Rafferty Asset Management LLC grew its position in shares of Entegris by 64.4% during the 2nd quarter. Rafferty Asset Management LLC now owns 1,970,734 shares of the semiconductor company’s stock valued at $158,940,000 after acquiring an additional 771,650 shares during the period.
Entegris Stock Down 4.4%
ENTG opened at $133.07 on Friday. The company has a 50 day moving average of $130.55 and a 200 day moving average of $111.38. The company has a market cap of $20.29 billion, a PE ratio of 76.92, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39. Entegris, Inc. has a 12 month low of $66.32 and a 12 month high of $159.15. The company has a current ratio of 3.21, a quick ratio of 2.05 and a debt-to-equity ratio of 0.91.
Entegris Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, April 29th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, April 29th. This represents a $0.40 annualized dividend and a yield of 0.3%. Entegris’s dividend payout ratio (DPR) is 23.12%.
Insider Buying and Selling at Entegris
In other Entegris news, SVP Joseph Colella sold 1,592 shares of the firm’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $115.57, for a total value of $183,987.44. Following the completion of the transaction, the senior vice president directly owned 50,121 shares of the company’s stock, valued at $5,792,483.97. This trade represents a 3.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Olivier Blachier sold 1,664 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $131.49, for a total transaction of $218,799.36. Following the completion of the transaction, the senior vice president directly owned 29,497 shares of the company’s stock, valued at approximately $3,878,560.53. The trade was a 5.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 187,921 shares of company stock valued at $26,184,183 in the last quarter. Corporate insiders own 0.53% of the company’s stock.
Wall Street Analyst Weigh In
ENTG has been the subject of a number of research reports. Wall Street Zen raised shares of Entegris from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. UBS Group increased their target price on shares of Entegris from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, May 1st. BMO Capital Markets reissued an “outperform” rating and set a $148.00 target price on shares of Entegris in a research report on Wednesday, February 11th. Zacks Research downgraded shares of Entegris from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Needham & Company LLC increased their target price on shares of Entegris from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $153.78.
Get Our Latest Report on Entegris
Entegris Company Profile
Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.
Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.
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