Allianz Asset Management GmbH Sells 893,477 Shares of Entegris, Inc. (NASDAQ:ENTG)

Allianz Asset Management GmbH trimmed its holdings in Entegris, Inc. (NASDAQ:ENTG) by 66.3% in the 4th quarter, Holdings Channel reports. The fund owned 454,518 shares of the semiconductor company’s stock after selling 893,477 shares during the quarter. Allianz Asset Management GmbH’s holdings in Entegris were worth $45,025,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Van Berkom & Associates Inc. bought a new stake in shares of Entegris in the fourth quarter valued at approximately $1,284,000. Global Retirement Partners LLC lifted its position in Entegris by 9.8% in the fourth quarter. Global Retirement Partners LLC now owns 4,052 shares of the semiconductor company’s stock worth $401,000 after purchasing an additional 362 shares during the period. Callahan Advisors LLC lifted its position in Entegris by 35.6% in the fourth quarter. Callahan Advisors LLC now owns 28,043 shares of the semiconductor company’s stock worth $2,778,000 after purchasing an additional 7,364 shares during the period. Kestra Investment Management LLC lifted its position in Entegris by 79.7% in the fourth quarter. Kestra Investment Management LLC now owns 4,485 shares of the semiconductor company’s stock worth $444,000 after purchasing an additional 1,989 shares during the period. Finally, CIBC Asset Management Inc lifted its position in Entegris by 13.9% in the fourth quarter. CIBC Asset Management Inc now owns 6,125 shares of the semiconductor company’s stock worth $607,000 after purchasing an additional 748 shares during the period.

Analyst Ratings Changes

Several research analysts recently commented on the company. BMO Capital Markets reduced their target price on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Mizuho reduced their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. StockNews.com raised Entegris from a “sell” rating to a “hold” rating in a research report on Wednesday. KeyCorp dropped their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $128.78.

Insider Activity

In other news, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the sale, the senior vice president now directly owns 34,820 shares in the company, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.67% of the stock is currently owned by corporate insiders.

Entegris Stock Performance

Shares of NASDAQ:ENTG opened at $104.09 on Friday. Entegris, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57. The firm has a market cap of $15.73 billion, a PE ratio of 53.93, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The business has a fifty day moving average of $103.09 and a 200-day moving average of $106.36.

Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. On average, equities research analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were paid a $0.10 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Entegris’s dividend payout ratio (DPR) is presently 20.73%.

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).