Assenagon Asset Management S.A. Increases Position in Entegris, Inc. (NASDAQ:ENTG)

Assenagon Asset Management S.A. increased its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,060,378 shares of the semiconductor company's stock after acquiring an additional 137,046 shares during the period. Assenagon Asset Management S.A. owned about 0.70% of Entegris worth $105,041,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Entegris in the second quarter worth $27,000. Capital Performance Advisors LLP bought a new stake in Entegris in the 3rd quarter worth about $29,000. Blue Trust Inc. raised its position in Entegris by 221.3% in the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company's stock worth $39,000 after buying an additional 239 shares during the last quarter. Fortitude Family Office LLC lifted its stake in Entegris by 195.7% during the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock valued at $41,000 after acquiring an additional 274 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of Entegris by 241.8% during the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company's stock valued at $47,000 after acquiring an additional 295 shares during the last quarter.

Entegris Price Performance

Shares of Entegris stock traded up $2.43 during trading on Wednesday, reaching $101.93. 2,080,496 shares of the stock traded hands, compared to its average volume of 1,872,400. Entegris, Inc. has a 52-week low of $94.92 and a 52-week high of $147.57. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. The business has a fifty day simple moving average of $103.59 and a two-hundred day simple moving average of $111.17. The company has a market capitalization of $15.39 billion, a price-to-earnings ratio of 67.50, a P/E/G ratio of 1.76 and a beta of 1.24.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $807.70 million for the quarter, compared to analysts' expectations of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The business's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 EPS. Sell-side analysts expect that Entegris, Inc. will post 2.99 EPS for the current year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. Entegris's payout ratio is currently 26.49%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Entegris from $145.00 to $115.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Citigroup decreased their target price on shares of Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. UBS Group dropped their price target on Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. KeyCorp cut their price objective on Entegris from $154.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, January 10th. Finally, BMO Capital Markets lowered their target price on Entegris from $145.00 to $135.00 and set an "outperform" rating on the stock in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $134.50.

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).