Assenagon Asset Management S.A. Cuts Stock Position in Entegris, Inc. $ENTG

Assenagon Asset Management S.A. trimmed its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 15.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 179,766 shares of the semiconductor company’s stock after selling 33,884 shares during the period. Assenagon Asset Management S.A. owned about 0.12% of Entegris worth $16,621,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. DAVENPORT & Co LLC lifted its stake in Entegris by 1.3% in the second quarter. DAVENPORT & Co LLC now owns 8,450 shares of the semiconductor company’s stock worth $681,000 after purchasing an additional 110 shares during the last quarter. Alpine Bank Wealth Management increased its holdings in shares of 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 during the period. MAI Capital Management lifted its stake in shares of Entegris by 19.7% in the 1st quarter. MAI Capital Management now owns 864 shares of the semiconductor company’s stock valued at $76,000 after acquiring an additional 142 shares during the last quarter. First Hawaiian Bank boosted its holdings in Entegris by 0.9% during the 1st quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company’s stock valued at $1,381,000 after acquiring an additional 143 shares during the period. Finally, First National Advisers LLC grew its position in Entegris by 0.5% during the 2nd quarter. First National Advisers LLC now owns 28,895 shares of the semiconductor company’s stock worth $2,330,000 after acquiring an additional 154 shares during the last quarter.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $84.06 on Friday. The company has a market capitalization of $12.74 billion, a P/E ratio of 44.48 and a beta of 1.32. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $110.46. The firm’s 50 day simple moving average is $85.63 and its two-hundred day simple moving average is $84.73. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.44 and a quick ratio of 2.13.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 EPS for the quarter. The firm had revenue of $512.84 million for the quarter. Entegris had a net margin of 8.95% and a return on equity of 11.61%. Research analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, October 29th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, October 29th. Entegris’s payout ratio is currently 21.16%.

Analysts Set New Price Targets

ENTG has been the subject of several recent research reports. The Goldman Sachs Group downgraded Entegris from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $88.00 to $75.00 in a research report on Monday. Oppenheimer assumed coverage on shares of Entegris in a report on Thursday, September 4th. They set a “market perform” rating and a $95.00 price target for the company. Wall Street Zen raised shares of Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Mizuho decreased their price objective on shares of Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Finally, Zacks Research downgraded shares of Entegris from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $94.43.

Insider Transactions at Entegris

In other news, insider Bertrand Loy sold 57,570 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $76.88, for a total transaction of $4,425,981.60. Following the completion of the transaction, the insider directly owned 305,820 shares in the company, valued at approximately $23,511,441.60. This represents a 15.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James P. Lederer sold 2,008 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $92.84, for a total transaction of $186,422.72. Following the completion of the sale, the director owned 20,434 shares in the company, valued at $1,897,092.56. This represents a 8.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 63,643 shares of company stock valued at $4,966,433 in the last ninety days. Corporate insiders own 0.67% of the company’s stock.

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.