Allianz Asset Management GmbH Has $38.72 Million Position in Entegris, Inc. $ENTG

Allianz Asset Management GmbH lessened its holdings in Entegris, Inc. (NASDAQ:ENTG) by 16.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 418,753 shares of the semiconductor company’s stock after selling 84,647 shares during the period. Allianz Asset Management GmbH owned approximately 0.28% of Entegris worth $38,718,000 at the end of the most recent quarter.

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

Entegris Price Performance

Shares of ENTG stock opened at $110.33 on Friday. The firm’s 50 day moving average price is $98.45 and its two-hundred day moving average price is $90.03. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.13 and a current ratio of 3.44. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $124.00. The stock has a market cap of $16.73 billion, a PE ratio of 58.38 and a beta of 1.33.

Entegris Dividend Announcement

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

Insider Buying and Selling

In related news, insider Bertrand Loy sold 65,250 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $119.61, for a total transaction of $7,804,552.50. Following the completion of the transaction, the insider owned 306,422 shares in the company, valued at approximately $36,651,135.42. The trade was a 17.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Olivier Blachier sold 488 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $77.43, for a total transaction of $37,785.84. Following the completion of the sale, the senior vice president directly owned 14,124 shares of the company’s stock, valued at $1,093,621.32. The trade was a 3.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 131,146 shares of company stock valued at $13,154,343 over the last 90 days. 0.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Mizuho reduced their price objective on Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. BMO Capital Markets upped their price target on shares of Entegris from $105.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Weiss Ratings restated a “hold (c)” rating on shares of Entegris in a research report on Monday, December 29th. The Goldman Sachs Group downgraded shares of Entegris from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $88.00 to $75.00 in a research note on Monday, December 15th. Finally, KeyCorp upped their price objective on Entegris from $107.00 to $111.00 and gave the stock an “overweight” rating in a report on Friday, January 9th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $117.00.

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.