Bessemer Group Inc. Raises Stock Holdings in Entegris, Inc. $ENTG

Bessemer Group Inc. grew its stake in Entegris, Inc. (NASDAQ:ENTG) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,107,905 shares of the semiconductor company’s stock after buying an additional 1,956 shares during the quarter. Bessemer Group Inc. owned approximately 0.73% of Entegris worth $89,353,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alpine Bank Wealth Management increased its position in Entegris by 73.7% in the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock worth $25,000 after buying an additional 132 shares in the last quarter. Costello Asset Management INC purchased a new stake in Entegris in the first quarter worth about $26,000. Rise Advisors LLC purchased a new stake in Entegris in the first quarter worth about $26,000. Summit Securities Group LLC purchased a new stake in Entegris in the first quarter worth about $36,000. Finally, SVB Wealth LLC bought a new position in shares of Entegris in the first quarter worth about $43,000.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ENTG. Zacks Research raised Entegris from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Oppenheimer began coverage on Entegris in a research note on Thursday, September 4th. They issued a “market perform” rating and a $95.00 price objective for the company. KeyCorp reaffirmed an “overweight” rating and issued a $103.00 price objective (down previously from $112.00) on shares of Entegris in a research note on Thursday, July 31st. UBS Group dropped their price objective on Entegris from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Finally, Wall Street Zen raised Entegris from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $106.30.

Insider Buying and Selling

In related news, SVP Susan G. Rice sold 8,858 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total transaction of $707,222.72. Following the completion of the transaction, the senior vice president directly owned 56,912 shares of the company’s stock, valued at approximately $4,543,854.08. This represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.67% of the company’s stock.

Entegris Price Performance

Shares of Entegris stock opened at $94.32 on Tuesday. The stock has a 50 day moving average of $89.17 and a 200 day moving average of $82.45. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $112.36. The firm has a market cap of $14.30 billion, a PE ratio of 48.62 and a beta of 1.38. The company has a current ratio of 3.30, a quick ratio of 1.95 and a debt-to-equity ratio of 1.04.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 EPS for the quarter. Entegris had a return on equity of 12.05% and a net margin of 9.17%.The company had revenue of $512.84 million during the quarter. On average, research analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Wednesday, October 29th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Entegris’s dividend payout ratio is presently 20.62%.

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).