Allianz Asset Management GmbH Raises Stake in Entegris, Inc. (NASDAQ:ENTG)

Allianz Asset Management GmbH increased its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 13.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 514,945 shares of the semiconductor company's stock after buying an additional 60,427 shares during the period. Allianz Asset Management GmbH owned 0.34% of Entegris worth $45,047,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ENTG. Quarry LP acquired a new stake in shares of Entegris during the 4th quarter worth approximately $28,000. Central Pacific Bank Trust Division boosted its stake in Entegris by 125.7% during the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 171 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Entegris in the fourth quarter worth $34,000. Curat Global LLC acquired a new stake in Entegris in the first quarter worth $39,000. Finally, Parvin Asset Management LLC bought a new stake in Entegris in the fourth quarter valued at $69,000.

Entegris Stock Up 0.8%

Shares of ENTG stock traded up $0.73 during trading hours on Friday, reaching $91.85. The company had a trading volume of 2,435,911 shares, compared to its average volume of 2,398,622. The company has a market cap of $13.91 billion, a price-to-earnings ratio of 45.02, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.26 and a quick ratio of 1.95. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $130.56. The business has a fifty day simple moving average of $80.47 and a 200-day simple moving average of $87.56.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.02). The company had revenue of $773.20 million for the quarter, compared to the consensus estimate of $790.75 million. Entegris had a net margin of 9.57% and a return on equity of 12.48%. Entegris's revenue was up .3% on a year-over-year basis. During the same quarter last year, the business posted $0.68 earnings per share. On average, research analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Wednesday, July 30th. Entegris's dividend payout ratio (DPR) is presently 19.61%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Citigroup cut their price objective on shares of Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Mizuho increased their price target on Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Needham & Company LLC restated a "buy" rating and set a $100.00 price objective on shares of Entegris in a report on Tuesday, May 20th. UBS Group upped their target price on Entegris from $85.00 to $95.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Finally, Wall Street Zen downgraded shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Entegris currently has an average rating of "Moderate Buy" and a consensus target price of $108.00.

Insiders Place Their Bets

In other Entegris news, SVP Clinton M. Haris sold 3,627 shares of the stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $90.00, for a total value of $326,430.00. Following the completion of the sale, the senior vice president owned 37,743 shares in the company, valued at approximately $3,396,870. This trade represents a 8.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.67% of the company's stock.

Entegris Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).