Entegris, Inc. (NASDAQ:ENTG) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 1,076.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 923,332 shares of the semiconductor company's stock after acquiring an additional 844,837 shares during the quarter. Assenagon Asset Management S.A. owned 0.61% of Entegris worth $103,903,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in Entegris in the 2nd quarter valued at $26,000. Summit Securities Group LLC purchased a new position in Entegris in the 2nd quarter valued at $27,000. Quarry LP purchased a new position in Entegris in the 2nd quarter valued at $27,000. Opal Wealth Advisors LLC purchased a new position in Entegris in the 2nd quarter valued at $31,000. Finally, ORG Partners LLC purchased a new position in Entegris in the 1st quarter valued at $33,000.

Analyst Ratings Changes

Several research analysts have recently commented on ENTG shares. Deutsche Bank Aktiengesellschaft reduced their price target on Entegris from $160.00 to $145.00 and set a "buy" rating on the stock in a report on Thursday, August 1st. Citigroup upgraded Entegris from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $119.00 to $130.00 in a report on Monday, September 16th. Mizuho upgraded shares of 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. Needham & Company LLC restated a "buy" rating and issued a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. Finally, BMO Capital Markets dropped their target price on Entegris from $160.00 to $145.00 and set an "outperform" rating for the company in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $146.40.

Entegris Stock Up 0.4 %

ENTG stock traded up $0.42 during trading on Thursday, hitting $103.66. 1,463,736 shares of the company's stock were exchanged, compared to its average volume of 1,624,674. The business has a 50-day moving average price of $110.45 and a two-hundred day moving average price of $122.77. The stock has a market capitalization of $15.63 billion, a price-to-earnings ratio of 49.84, a PEG ratio of 1.48 and a beta of 1.24. Entegris, Inc. has a 52-week low of $84.13 and a 52-week high of $147.57. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 EPS 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 business had revenue of $812.60 million during the quarter, compared to analysts' expectations of $802.43 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. The company's quarterly revenue was down 9.8% compared to the same quarter last year. As a group, equities research analysts expect that Entegris, Inc. will post 3.13 EPS for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris's payout ratio is currently 19.23%.

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).