Entegris, Inc. $ENTG Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. has reduced its stake in Entegris, Inc. by 66.1%, selling 417,440 shares during the second quarter, which leaves the firm holding 213,650 shares valued at approximately $17.2 million.
• Equities analysts have set new price targets for Entegris, with UBS Group lowering its target from $95.00 to $90.00, while Mizuho has raised its target from $90.00 to $98.00, reflecting a mixed outlook on the stock.
• Entegris recently announced a $0.10 quarterly dividend, with an annualized dividend yield of 0.4%, indicating a payout ratio of 20.62% for the company.

Assenagon Asset Management S.A. reduced its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 66.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 213,650 shares of the semiconductor company's stock after selling 417,440 shares during the period. Assenagon Asset Management S.A. owned 0.14% of Entegris worth $17,231,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ENTG. Costello Asset Management INC acquired a new position in Entegris in the first quarter valued at approximately $26,000. Rise Advisors LLC acquired a new position in Entegris during the first quarter worth $26,000. Central Pacific Bank Trust Division lifted 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 purchasing an additional 171 shares in the last quarter. Summit Securities Group LLC acquired a new position in Entegris during the first quarter worth $36,000. Finally, Curat Global LLC acquired a new position in Entegris during the first quarter worth $39,000.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. UBS Group decreased their target price on Entegris from $95.00 to $90.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Wall Street Zen cut shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Mizuho increased their price target on shares of Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Oppenheimer assumed coverage on shares of Entegris in a report on Thursday, September 4th. They set a "market perform" rating and a $95.00 target price on the stock. Finally, KeyCorp reiterated an "overweight" rating and set a $103.00 target price (down from $112.00) on shares of Entegris in a report on Thursday, July 31st. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $105.30.

Insider Activity at Entegris

In other news, SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction on Thursday, July 17th. The stock was 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 of the company's stock, valued at $3,396,870. The trade was a 8.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Susan G. Rice sold 8,858 shares of Entegris stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total value of $707,222.72. Following the completion of the sale, the senior vice president owned 56,912 shares of the company's stock, valued at $4,543,854.08. This trade represents a 13.47% decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Entegris Price Performance

Shares of NASDAQ ENTG opened at $95.81 on Tuesday. The company has a current ratio of 3.30, a quick ratio of 1.95 and a debt-to-equity ratio of 1.04. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $117.88. The stock has a 50 day moving average of $83.89 and a two-hundred day moving average of $81.50. The stock has a market cap of $14.52 billion, a P/E ratio of 49.39 and a beta of 1.29.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. Entegris had a return on equity of 12.05% and a net margin of 9.17%.The company had revenue of $792.40 million during the quarter, compared to analysts' expectations of $753.85 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. The firm's revenue for the quarter was down 2.5% on a year-over-year basis. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. On average, research analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, July 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. Entegris's payout ratio is 20.62%.

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).

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