Bessemer Group Inc. Sells 14,746 Shares of Entegris, Inc. $ENTG

Bessemer Group Inc. trimmed its position in Entegris, Inc. (NASDAQ:ENTG) by 1.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,093,159 shares of the semiconductor company’s stock after selling 14,746 shares during the period. Bessemer Group Inc. owned approximately 0.72% of Entegris worth $101,073,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ENTG. Principal Financial Group Inc. increased its position in shares of Entegris by 10.1% during the 3rd quarter. Principal Financial Group Inc. now owns 5,876,271 shares of the semiconductor company’s stock worth $543,325,000 after purchasing an additional 540,755 shares during the last quarter. Congress Asset Management Co. grew its stake in shares of Entegris by 17.9% in the third quarter. Congress Asset Management Co. now owns 182,906 shares of the semiconductor company’s stock valued at $16,912,000 after buying an additional 27,813 shares in the last quarter. iA Global Asset Management Inc. acquired a new position in Entegris during the third quarter worth $7,619,000. Mediolanum International Funds Ltd bought a new stake in Entegris during the third quarter worth $12,093,000. Finally, Strs Ohio lifted its stake in Entegris by 176.9% in the third quarter. Strs Ohio now owns 181,569 shares of the semiconductor company’s stock valued at $16,788,000 after acquiring an additional 116,001 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ENTG. KeyCorp raised their target price on shares of Entegris from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Friday, January 9th. Mizuho cut their price objective on Entegris from $108.00 to $96.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Entegris in a report on Monday, December 29th. Zacks Research raised Entegris from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 30th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Entegris from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a research report on Tuesday. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $117.00.

Entegris Stock Performance

Shares of NASDAQ:ENTG opened at $110.33 on Friday. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $124.00. The company’s 50 day moving average price is $98.45 and its two-hundred day moving average price is $90.03. The firm has a market cap of $16.73 billion, a PE ratio of 58.38 and a beta of 1.33. The company has a quick ratio of 2.13, a current ratio of 3.44 and a debt-to-equity ratio of 0.99.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Wednesday, January 28th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, January 28th. Entegris’s dividend payout ratio is 21.16%.

Insider Buying and Selling

In related news, SVP Clinton M. Haris sold 5,830 shares of the stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $120.00, for a total transaction of $699,600.00. Following the sale, the senior vice president owned 37,743 shares in the company, valued at approximately $4,529,160. This trade represents a 13.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Olivier Blachier sold 488 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $77.43, for a total value of $37,785.84. Following the transaction, the senior vice president directly owned 14,124 shares of the company’s stock, valued at $1,093,621.32. This trade represents a 3.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 131,146 shares of company stock worth $13,154,343 over the last three months. Company insiders own 0.67% of the company’s stock.

Entegris 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.