Allianz Asset Management GmbH Trims Position in Entegris, Inc. (NASDAQ:ENTG)

Allianz Asset Management GmbH decreased its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 66.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 454,518 shares of the semiconductor company's stock after selling 893,477 shares during the period. Allianz Asset Management GmbH owned approximately 0.30% of Entegris worth $45,025,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bridges Investment Management Inc. boosted its position in Entegris by 3.6% during the 3rd quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company's stock valued at $318,000 after acquiring an additional 98 shares in the last quarter. Angeles Investment Advisors LLC lifted its stake in shares of Entegris by 4.1% in the 3rd quarter. Angeles Investment Advisors LLC now owns 3,230 shares of the semiconductor company's stock valued at $363,000 after purchasing an additional 127 shares during the period. Huntington National Bank grew its stake in Entegris by 41.0% in the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company's stock worth $51,000 after purchasing an additional 132 shares during the period. Equitable Trust Co. raised its holdings in Entegris by 2.2% in the third quarter. Equitable Trust Co. now owns 6,501 shares of the semiconductor company's stock worth $732,000 after purchasing an additional 138 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its position in Entegris by 8.6% during the third quarter. Arkadios Wealth Advisors now owns 1,892 shares of the semiconductor company's stock valued at $213,000 after buying an additional 150 shares during the period.

Insider Activity at Entegris

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the sale, the senior vice president now directly owns 34,820 shares of the company's stock, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the transaction, the senior vice president now owns 10,903 shares in the company, valued at $1,177,524. This represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Entegris Stock Performance

NASDAQ:ENTG traded up $2.26 during mid-day trading on Wednesday, reaching $103.52. The company's stock had a trading volume of 1,977,411 shares, compared to its average volume of 2,315,675. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The stock has a market cap of $15.64 billion, a P/E ratio of 53.64, a PEG ratio of 1.50 and a beta of 1.24. The firm's fifty day moving average price is $102.84 and its two-hundred day moving average price is $106.37. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. On average, equities analysts forecast that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Wednesday, January 29th. Entegris's payout ratio is currently 20.73%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. StockNews.com upgraded shares of Entegris from a "sell" rating to a "hold" rating in a research note on Wednesday, February 19th. Citigroup lowered their target price on shares of Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Mizuho reduced their price objective on Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. KeyCorp dropped their target price on Entegris from $150.00 to $141.00 and set an "overweight" rating on the stock in a report on Friday, February 7th. Finally, UBS Group lowered their price target on Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $128.78.

About Entegris

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).