Entegris, Inc. (NASDAQ:ENTG) Stock Position Raised by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 1,076.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 923,332 shares of the semiconductor company’s stock after purchasing an additional 844,837 shares during the period. Assenagon Asset Management S.A. owned 0.61% of Entegris worth $103,903,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Ballentine Partners LLC acquired a new position in shares of Entegris during the 1st quarter valued at about $222,000. Sendero Wealth Management LLC increased its holdings in shares of Entegris by 22.8% during the 1st quarter. Sendero Wealth Management LLC now owns 17,397 shares of the semiconductor company’s stock valued at $2,445,000 after acquiring an additional 3,227 shares during the last quarter. Congress Wealth Management LLC DE increased its holdings in shares of Entegris by 0.6% during the 1st quarter. Congress Wealth Management LLC DE now owns 153,638 shares of the semiconductor company’s stock valued at $21,592,000 after acquiring an additional 881 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Entegris by 51.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 509,009 shares of the semiconductor company’s stock valued at $71,536,000 after acquiring an additional 173,634 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Entegris by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 309,330 shares of the semiconductor company’s stock valued at $43,473,000 after acquiring an additional 1,209 shares during the last quarter.

Entegris Stock Performance

Shares of NASDAQ:ENTG traded up $0.35 during trading on Thursday, hitting $103.59. 339,413 shares of the stock were exchanged, compared to its average volume of 1,619,216. Entegris, Inc. has a 1-year low of $84.13 and a 1-year high of $147.57. The company has a market capitalization of $15.62 billion, a price-to-earnings ratio of 49.63, a price-to-earnings-growth ratio of 1.48 and a beta of 1.24. The company’s fifty day simple moving average is $110.45 and its 200-day simple moving average is $122.77. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.01. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The company had revenue of $812.60 million for the quarter, compared to analyst estimates of $802.43 million. During the same quarter last year, the firm earned $0.66 EPS. Entegris’s revenue for the quarter was down 9.8% compared to the same quarter last year. Sell-side analysts expect that Entegris, Inc. will post 3.13 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. Entegris’s dividend payout ratio (DPR) is presently 19.23%.

Analyst Upgrades and Downgrades

ENTG has been the topic of a number of analyst reports. Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective on the stock in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lowered their target price on Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. BMO Capital Markets lowered their target price on Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 target price on shares of Entegris in a report on Thursday, August 1st. Finally, Citigroup raised Entegris from a “neutral” rating to a “buy” rating and raised their target price for the company from $119.00 to $130.00 in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $146.40.

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).