Assenagon Asset Management S.A. Buys 844,837 Shares of Entegris, Inc. (NASDAQ:ENTG)

Assenagon Asset Management S.A. increased its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 1,076.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 923,332 shares of the semiconductor company’s stock after acquiring an additional 844,837 shares during the period. Assenagon Asset Management S.A.’s holdings in Entegris were worth $103,903,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Argent Capital Management LLC raised its position in Entegris by 2.7% in the 3rd quarter. Argent Capital Management LLC now owns 28,273 shares of the semiconductor company’s stock valued at $3,182,000 after purchasing an additional 753 shares during the last quarter. International Assets Investment Management LLC bought a new position in Entegris in the 3rd quarter valued at $1,963,000. Narwhal Capital Management raised its position in Entegris by 15.2% in the 3rd quarter. Narwhal Capital Management now owns 61,784 shares of the semiconductor company’s stock valued at $6,953,000 after purchasing an additional 8,150 shares during the last quarter. Eastern Bank bought a new position in Entegris in the 3rd quarter valued at $682,000. Finally, Signaturefd LLC raised its position in Entegris by 31.7% in the 3rd quarter. Signaturefd LLC now owns 1,852 shares of the semiconductor company’s stock valued at $208,000 after purchasing an additional 446 shares during the last quarter.

Entegris Trading Up 0.3 %

Shares of Entegris stock traded up $0.35 during trading on Thursday, reaching $103.59. 339,413 shares of the company were exchanged, compared to its average volume of 1,619,216. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18. Entegris, Inc. has a twelve month low of $84.13 and a twelve month high of $147.57. The business has a 50-day moving average price of $110.45 and a 200-day moving average price of $122.77. The firm has a market capitalization of $15.62 billion, a price-to-earnings ratio of 49.63, a P/E/G ratio of 1.48 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm earned $0.66 earnings per share. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. Sell-side analysts anticipate that Entegris, Inc. will post 3.13 EPS for the current fiscal year.

Entegris Announces Dividend

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. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. Entegris’s dividend payout ratio (DPR) is presently 19.23%.

Analysts Set New Price Targets

ENTG has been the subject of several research analyst reports. BMO Capital Markets cut their price objective on Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft cut their price objective on Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research report on Thursday, August 1st. Citigroup raised Entegris from a “neutral” rating to a “buy” rating and lifted their target price for the company from $119.00 to $130.00 in a research note on Monday, September 16th. Finally, Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price for the company in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Entegris presently has a consensus 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).