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

Key Points

• Assenagon Asset Management cut its Entegris stake by 65.6% in the third quarter, selling 100,194 shares and retaining 52,508 shares valued at approximately $8.1 million.
• Analysts remain broadly bullish on Entegris, with a consensus “Buy” rating and an average price target of $178.33, while several firms recently raised targets to as high as $215.
• Entegris exceeded quarterly expectations, reporting $0.93 in EPS versus $0.82 expected and $883.2 million in revenue, up 11.5% year over year; the company also declared a quarterly dividend of $0.10 per share.

Assenagon Asset Management S.A. reduced its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 65.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,508 shares of the semiconductor company's stock after selling 100,194 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Entegris were worth $8,089,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. purchased a new position in Entegris in the 2nd quarter valued at about $3,683,556,000. Principal Financial Group Inc. raised its position in shares of Entegris by 1.2% in the first quarter. Principal Financial Group Inc. now owns 5,885,239 shares of the semiconductor company's stock valued at $689,990,000 after buying an additional 68,152 shares during the last quarter. Primecap Management Co. CA acquired a new position in shares of Entegris in the second quarter valued at approximately $562,141,000. Bank of America Corp DE purchased a new position in shares of Entegris during the second quarter valued at approximately $489,403,000. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Entegris during the second quarter valued at approximately $486,101,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ENTG. UBS Group raised their target price on shares of Entegris from $205.00 to $215.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Mizuho increased their price target on Entegris from $180.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft upgraded Entegris from a "hold" rating to a "buy" rating and raised their price objective for the stock from $152.00 to $200.00 in a report on Wednesday, August 12th. The Goldman Sachs Group upgraded Entegris from a "sell" rating to a "buy" rating in a report on Wednesday, August 12th. Finally, Barclays began coverage on Entegris in a research report on Monday, October 12th. They issued an "overweight" rating and a $212.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $178.33.

Entegris Price Performance

Entegris stock opened at $144.52 on Tuesday. 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 quick ratio of 1.85 and a current ratio of 3.05. The firm has a 50 day moving average price of $147.53 and a 200 day moving average price of $143.96. The company has a market cap of $22.04 billion, a price-to-earnings ratio of 72.62, a PEG ratio of 1.27 and a beta of 1.40.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. The company had revenue of $883.20 million for the quarter, compared to the consensus estimate of $835.79 million. Entegris had a net margin of 9.18% and a return on equity of 12.25%. Entegris's revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 earnings per share. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. Sell-side analysts predict that Entegris, Inc. will post 3.93 earnings per share for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Wednesday, October 28th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, October 28th. Entegris's dividend payout ratio is presently 20.10%.

Insider Transactions at Entegris

In related news, SVP Susan G. Rice sold 2,062 shares of Entegris stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $149.52, for a total value of $308,310.24. Following the transaction, the senior vice president owned 66,976 shares in the company, valued at approximately $10,014,251.52. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joseph Colella sold 3,916 shares of the business's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $164.48, for a total value of $644,103.68. Following the sale, the senior vice president directly owned 50,297 shares of the company's stock, valued at approximately $8,272,850.56. This trade represents a 7.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,978 shares of company stock worth $1,273,734 in the last ninety days. Insiders own 0.53% of the company's stock.

Entegris Profile

Entegris, Inc is a materials science and process technology company that supplies products and solutions used in the manufacture of semiconductors and other advanced technology products. Its offerings help chipmakers manage contamination, handle sensitive materials, and improve process control across the semiconductor production cycle.

The company's products include specialty chemicals and gases, filtration and purification systems, wafer and substrate handling products, fluid-management components, and advanced materials used in semiconductor fabrication.

Want to see what other hedge funds are holding ENTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entegris, Inc. (NASDAQ:ENTG - Free Report).

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.