Assenagon Asset Management S.A. Lowers Holdings in Entegris, Inc. (NASDAQ:ENTG)

Assenagon Asset Management S.A. cut its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 69.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,534 shares of the semiconductor company's stock after selling 46,090 shares during the period. Assenagon Asset Management S.A.'s holdings in Entegris were worth $2,460,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ENTG. BlackRock Inc. lifted its position in shares of Entegris by 2.4% in the 1st quarter. BlackRock Inc. now owns 16,294,681 shares of the semiconductor company's stock worth $1,336,327,000 after purchasing an additional 386,767 shares during the period. Vanguard Group Inc. lifted its position in shares of Entegris by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 14,452,886 shares of the semiconductor company's stock worth $1,357,271,000 after purchasing an additional 107,989 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Entegris by 7.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,672,981 shares of the semiconductor company's stock worth $700,041,000 after purchasing an additional 748,491 shares during the period. Sands Capital Management LLC lifted its position in shares of Entegris by 6.1% in the 2nd quarter. Sands Capital Management LLC now owns 9,329,123 shares of the semiconductor company's stock worth $1,033,853,000 after purchasing an additional 536,532 shares during the period. Finally, WCM Investment Management LLC lifted its position in shares of Entegris by 1.0% in the 3rd quarter. WCM Investment Management LLC now owns 5,150,914 shares of the semiconductor company's stock worth $483,722,000 after purchasing an additional 53,011 shares during the period.

Entegris Stock Down 3.7 %

ENTG stock traded down $5.13 during midday trading on Thursday, reaching $135.28. 1,750,373 shares of the company's stock traded hands, compared to its average volume of 1,420,798. The company has a market cap of $20.39 billion, a price-to-earnings ratio of 117.99 and a beta of 1.32. The firm's fifty day moving average price is $133.13 and its 200-day moving average price is $113.62. The company has a quick ratio of 2.67, a current ratio of 3.85 and a debt-to-equity ratio of 1.35. Entegris, Inc. has a 52 week low of $69.37 and a 52 week high of $146.91.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. The business had revenue of $812.30 million during the quarter, compared to analyst estimates of $780.95 million. Entegris had a net margin of 5.13% and a return on equity of 12.00%. Entegris's quarterly revenue was down 14.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 EPS. As a group, sell-side analysts forecast that Entegris, Inc. will post 3.31 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, January 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. Entegris's dividend payout ratio (DPR) is presently 33.61%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ENTG. UBS Group boosted their price target on shares of Entegris from $90.00 to $130.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. Needham & Company LLC restated a "buy" rating and issued a $150.00 price target on shares of Entegris in a research report on Thursday, March 7th. The Goldman Sachs Group lifted their price objective on shares of Entegris from $104.00 to $147.00 and gave the company a "buy" rating in a research note on Thursday, February 15th. Mizuho reiterated a "neutral" rating and issued a $140.00 price objective on shares of Entegris in a research note on Tuesday, February 20th. Finally, BMO Capital Markets lifted their price objective on shares of Entegris from $130.00 to $160.00 and gave the company an "outperform" rating in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Entegris has an average rating of "Moderate Buy" and a consensus price target of $141.64.

Insider Buying and Selling at Entegris

In other Entegris news, insider Daniel D. Woodland sold 9,000 shares of Entegris stock in a transaction on Friday, February 16th. The shares were sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the transaction, the insider now directly owns 32,730 shares of the company's stock, valued at approximately $4,565,835. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Entegris news, insider Daniel D. Woodland sold 9,000 shares of Entegris stock in a transaction on Friday, February 16th. The shares were sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the transaction, the insider now directly owns 32,730 shares of the company's stock, valued at approximately $4,565,835. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction on Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the transaction, the senior vice president now directly owns 42,931 shares in the company, valued at $5,832,605.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,082 shares of company stock worth $5,606,849. 0.67% of the stock is owned by corporate insiders.

Entegris Company 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).