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

Assenagon Asset Management S.A. lifted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 14.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,060,378 shares of the semiconductor company’s stock after acquiring an additional 137,046 shares during the quarter. Assenagon Asset Management S.A. owned 0.70% of Entegris worth $105,041,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ENTG. Quarry LP bought a new position in Entegris in the 2nd quarter valued at $27,000. Capital Performance Advisors LLP purchased a new position in shares of Entegris in the 3rd quarter worth about $29,000. Blue Trust Inc. grew its position in Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 239 shares during the period. Fortitude Family Office LLC grew its position in Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 274 shares during the period. Finally, Covestor Ltd increased its holdings in Entegris by 241.8% during the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock worth $47,000 after buying an additional 295 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ENTG shares. Citigroup reduced their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. UBS Group reduced their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Craig Hallum decreased their target price on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. BMO Capital Markets dropped their price target on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Finally, Mizuho decreased their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Entegris has an average rating of “Moderate Buy” and an average price target of $134.50.

Entegris Stock Up 1.3 %

Shares of NASDAQ ENTG opened at $99.50 on Wednesday. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The company has a market cap of $15.02 billion, a P/E ratio of 65.89, a P/E/G ratio of 1.76 and a beta of 1.24. Entegris, Inc. has a 52 week low of $94.92 and a 52 week high of $147.57. The business has a 50-day simple moving average of $103.67 and a two-hundred day simple moving average of $111.43.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The firm had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. Entegris’s revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 earnings per share. Research analysts anticipate that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

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).