Bessemer Group Inc. Lowers Stake in Entegris, Inc. $ENTG

Bessemer Group Inc. cut its stake in Entegris, Inc. (NASDAQ:ENTG) by 8.5% during the first quarter, HoldingsChannel reports. The firm owned 461,540 shares of the semiconductor company’s stock after selling 42,925 shares during the period. Bessemer Group Inc.’s holdings in Entegris were worth $54,109,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ENTG. Invesco Ltd. raised its position in 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 purchasing an additional 2,050,473 shares in the last quarter. Norges Bank purchased a new position in shares of Entegris during the fourth quarter valued at $158,669,000. Duquesne Family Office LLC bought a new stake in shares of Entegris in the second quarter valued at about $132,741,000. Rafferty Asset Management LLC lifted its stake in Entegris by 64.4% in the second quarter. Rafferty Asset Management LLC now owns 1,970,734 shares of the semiconductor company’s stock worth $158,940,000 after acquiring an additional 771,650 shares during the period. Finally, Bank of America Corp DE lifted its stake in Entegris by 31.2% in the second quarter. Bank of America Corp DE now owns 3,031,048 shares of the semiconductor company’s stock worth $244,454,000 after acquiring an additional 720,467 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have commented on ENTG shares. BMO Capital Markets raised their target price on shares of Entegris from $153.00 to $167.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $160.00 price target on shares of Entegris in a research report on Friday, May 1st. The Goldman Sachs Group reiterated a “sell” rating and set a $115.00 price objective on shares of Entegris in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Entegris from $145.00 to $155.00 and gave the company a “hold” rating in a report on Monday, July 6th. Finally, Wall Street Zen upgraded Entegris from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Entegris presently has an average rating of “Moderate Buy” and a consensus target price of $164.22.

Insider Activity at Entegris

In related news, SVP Susan G. Rice sold 19,893 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $132.84, for a total transaction of $2,642,586.12. Following the sale, the senior vice president directly owned 69,038 shares of the company’s stock, valued at $9,171,007.92. This trade represents a 22.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Clinton M. Haris sold 6,848 shares of Entegris stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $149.23, for a total value of $1,021,927.04. Following the transaction, the senior vice president owned 54,961 shares of the company’s stock, valued at approximately $8,201,830.03. This represents a 11.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 44,466 shares of company stock worth $6,186,624 in the last three months. Company insiders own 0.53% of the company’s stock.

Entegris Trading Up 3.1%

NASDAQ:ENTG opened at $138.74 on Friday. The company has a market capitalization of $21.16 billion, a P/E ratio of 80.20, a PEG ratio of 1.57 and a beta of 1.31. 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, Inc. has a 12 month low of $67.97 and a 12 month high of $186.94. The firm has a fifty day simple moving average of $146.53 and a 200-day simple moving average of $131.11.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.11. The company had revenue of $811.90 million during the quarter, compared to analysts’ expectations of $808.72 million. Entegris had a return on equity of 11.45% and a net margin of 8.18%.The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 EPS. Entegris has set its Q2 2026 guidance at 0.760-0.840 EPS. On average, equities research analysts anticipate that Entegris, Inc. will post 3.65 earnings per share for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, July 29th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, July 29th. Entegris’s dividend payout ratio (DPR) is currently 23.12%.

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.