Bellevue Group AG Cuts Holdings in Entegris, Inc. (NASDAQ:ENTG)

Bellevue Group AG decreased its position in Entegris, Inc. (NASDAQ:ENTG) by 43.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,000 shares of the semiconductor company’s stock after selling 2,300 shares during the period. Bellevue Group AG’s holdings in Entegris were worth $335,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in Entegris by 5.6% in the first quarter. BlackRock Inc. now owns 12,884,049 shares of the semiconductor company’s stock valued at $1,440,437,000 after buying an additional 678,294 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Entegris by 2.3% in the fourth quarter. JPMorgan Chase & Co. now owns 6,712,133 shares of the semiconductor company’s stock valued at $645,036,000 after buying an additional 148,293 shares in the last quarter. Select Equity Group L.P. increased its holdings in Entegris by 22.3% in the fourth quarter. Select Equity Group L.P. now owns 6,386,560 shares of the semiconductor company’s stock valued at $613,748,000 after buying an additional 1,163,703 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Entegris by 2.9% in the first quarter. Alliancebernstein L.P. now owns 1,489,634 shares of the semiconductor company’s stock valued at $166,541,000 after buying an additional 41,381 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Entegris during the fourth quarter worth about $125,473,000. 94.04% of the stock is owned by institutional investors.

A number of analysts have recently commented on ENTG shares. UBS Group started coverage on shares of Entegris in a research note on Wednesday, April 21st. They set a “neutral” rating and a $120.00 target price for the company. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Entegris from $120.00 to $125.00 and gave the stock a “hold” rating in a research note on Wednesday, April 28th. Wolfe Research started coverage on shares of Entegris in a research note on Wednesday. They set an “outperform” rating for the company. Finally, Zacks Investment Research raised shares of Entegris from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a research note on Tuesday, April 27th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $108.73.

In other Entegris news, CEO Bertrand Loy sold 300,444 shares of the business’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $120.69, for a total value of $36,260,586.36. Following the transaction, the chief executive officer now directly owns 640,898 shares in the company, valued at approximately $77,349,979.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joseph Colella sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $123.69, for a total transaction of $197,904.00. Following the completion of the transaction, the senior vice president now owns 25,699 shares in the company, valued at $3,178,709.31. The disclosure for this sale can be found here. Insiders sold a total of 555,562 shares of company stock worth $66,632,939 over the last quarter. 1.30% of the stock is currently owned by company insiders.

Shares of NASDAQ ENTG opened at $115.57 on Friday. Entegris, Inc. has a 12-month low of $56.16 and a 12-month high of $126.41. The stock has a market cap of $15.66 billion, a PE ratio of 49.60 and a beta of 1.26. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.33 and a current ratio of 4.67. The company’s 50-day simple moving average is $113.58.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Tuesday, April 27th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.02). Entegris had a net margin of 16.26% and a return on equity of 27.38%. The business had revenue of $512.80 million for the quarter, compared to analysts’ expectations of $518.05 million. During the same period in the prior year, the company posted $0.55 EPS. The firm’s revenue was up 24.4% on a year-over-year basis. On average, research analysts anticipate that Entegris, Inc. will post 3.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 19th. Shareholders of record on Wednesday, April 28th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, April 27th. This represents a $0.32 annualized dividend and a yield of 0.28%. Entegris’s payout ratio is 12.60%.

About Entegris

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia.

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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