Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 40.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 631,090 shares of the semiconductor company's stock after selling 429,288 shares during the period. Assenagon Asset Management S.A. owned 0.42% of Entegris worth $55,208,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Sarasin & Partners LLP acquired a new stake in Entegris in the 1st quarter valued at about $1,544,000. SG Americas Securities LLC acquired a new stake in Entegris in the 1st quarter valued at about $805,000. GAMMA Investing LLC raised its holdings in Entegris by 80.5% in the 1st quarter. GAMMA Investing LLC now owns 3,210 shares of the semiconductor company's stock valued at $281,000 after acquiring an additional 1,432 shares during the last quarter. Yousif Capital Management LLC acquired a new stake in Entegris in the 1st quarter valued at about $4,577,000. Finally, Portside Wealth Group LLC raised its holdings in Entegris by 11.2% in the 1st quarter. Portside Wealth Group LLC now owns 3,756 shares of the semiconductor company's stock valued at $329,000 after acquiring an additional 378 shares during the last quarter.

Entegris Trading Down 5.4%

ENTG stock traded down $4.28 during midday trading on Friday, hitting $75.34. The stock had a trading volume of 3,669,721 shares, compared to its average volume of 2,667,884. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The firm has a market cap of $11.41 billion, a PE ratio of 39.04, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The company's 50-day moving average price is $75.22 and its 200 day moving average price is $91.46. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.02). Entegris had a return on equity of 12.83% and a net margin of 9.03%. The company had revenue of $773.20 million for the quarter, compared to analyst estimates of $790.75 million. During the same period last year, the company posted $0.68 EPS. The business's revenue for the quarter was up .3% on a year-over-year basis. On average, equities research analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.53%. Entegris's dividend payout ratio (DPR) is 19.61%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ENTG. Citigroup cut their price target on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, May 8th. UBS Group cut their price target on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Wall Street Zen downgraded shares of Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. Needham & Company LLC restated a "buy" rating and set a $100.00 price target on shares of Entegris in a report on Tuesday, May 20th. Finally, KeyCorp cut their price target on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $113.00.

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).