Assenagon Asset Management S.A. Trims Holdings in Entegris, Inc. $ENTG

Assenagon Asset Management S.A. decreased its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 25.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 152,702 shares of the semiconductor company's stock after selling 50,856 shares during the quarter. Assenagon Asset Management S.A. owned 0.10% of Entegris worth $27,465,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Steph & Co. acquired a new stake in shares of Entegris in the fourth quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Entegris in the fourth quarter worth about $29,000. Millstone Evans Group LLC grew its holdings in Entegris by 191.3% during the first quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 176 shares during the period. Johnson Financial Group Inc. grew its holdings in Entegris by 147.5% during the fourth quarter. Johnson Financial Group Inc. now owns 396 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 236 shares during the period. Finally, First Horizon Corp raised its position in Entegris by 147.1% during the first quarter. First Horizon Corp now owns 299 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 178 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ENTG shares. Mizuho raised their price objective on shares of Entegris from $180.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 1st. Needham & Company LLC raised their price target on shares of Entegris from $165.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. BMO Capital Markets lifted their price objective on shares of Entegris from $153.00 to $167.00 and gave the company an "outperform" rating in a report on Monday, July 6th. Wall Street Zen downgraded shares of Entegris from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, Citigroup reiterated a "buy" rating on shares of Entegris in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $165.56.

Insider Transactions at Entegris

In related news, Director James P. Lederer sold 3,569 shares of Entegris stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $143.59, for a total transaction of $512,472.71. Following the transaction, the director owned 18,277 shares in the company, valued at approximately $2,624,394.43. This trade represents a 16.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Joseph Colella sold 6,326 shares of Entegris stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $140.17, for a total value of $886,715.42. Following the transaction, the senior vice president owned 50,121 shares in the company, valued at approximately $7,025,460.57. This represents a 11.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 44,466 shares of company stock valued at $6,186,624. 0.53% of the stock is currently owned by company insiders.

Entegris Stock Performance

NASDAQ ENTG opened at $152.08 on Monday. The company has a market cap of $23.19 billion, a PE ratio of 76.42, a price-to-earnings-growth ratio of 1.41 and a beta of 1.35. The stock's 50 day simple moving average is $144.96 and its 200-day simple moving average is $134.80. Entegris, Inc. has a 1-year low of $67.97 and a 1-year high of $186.94. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.05 and a quick ratio of 1.85.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. The firm had revenue of $883.20 million during the quarter, compared to analysts' expectations of $835.79 million. Entegris had a return on equity of 12.25% and a net margin of 9.18%.The firm's revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 earnings per share. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. As a group, equities research analysts anticipate that Entegris, Inc. will post 3.91 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, July 29th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, July 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. Entegris's dividend payout ratio is presently 20.10%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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