Assenagon Asset Management S.A. Grows 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 4th quarter, Holdings Channel reports. The firm 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.’s holdings in Entegris were worth $105,041,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ENTG. Quarry LP bought a new stake in Entegris during the second quarter valued at approximately $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Entegris during the 3rd quarter valued at $29,000. Blue Trust Inc. lifted its holdings in shares of Entegris by 221.3% during the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 239 shares during the last quarter. Fortitude Family Office LLC grew its position in Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 274 shares in the last quarter. Finally, Covestor Ltd increased its stake in Entegris by 241.8% in the third 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.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Craig Hallum dropped their price target on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. KeyCorp decreased their price objective on Entegris from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft cut their target price on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. BMO Capital Markets decreased their price target on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Finally, Citigroup cut their price objective 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Entegris currently has a consensus 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 firm’s fifty day moving average is $103.67 and its 200 day moving average is $111.43. Entegris, Inc. has a 52 week low of $94.92 and a 52 week high of $147.57. 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 price-to-earnings ratio of 65.89, a PEG ratio of 1.76 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (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 analysts’ expectations 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 in the previous year, the firm posted $0.68 EPS. On average, equities research analysts expect that Entegris, Inc. will post 2.99 earnings per share for the current year.

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).