Allianz Asset Management GmbH Sells 84,647 Shares of Entegris, Inc. $ENTG

Allianz Asset Management GmbH trimmed its holdings in Entegris, Inc. (NASDAQ:ENTG) by 16.8% in the third quarter, Holdings Channel reports. The fund owned 418,753 shares of the semiconductor company’s stock after selling 84,647 shares during the period. Allianz Asset Management GmbH’s holdings in Entegris were worth $38,718,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Twin Peaks Wealth Advisors LLC bought a new stake in Entegris during the 2nd quarter worth approximately $25,000. ORG Wealth Partners LLC boosted its holdings in shares of Entegris by 862.1% in the third quarter. ORG Wealth Partners LLC now owns 279 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 250 shares during the period. Quent Capital LLC bought a new stake in shares of Entegris during the third quarter worth $34,000. Hoese & Co LLP acquired a new stake in shares of Entegris during the second quarter worth $44,000. Finally, Tripletail Wealth Management LLC bought a new stake in Entegris in the 3rd quarter valued at $49,000.

Entegris Stock Down 1.9%

NASDAQ:ENTG opened at $110.33 on Friday. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $124.00. The firm has a market capitalization of $16.73 billion, a price-to-earnings ratio of 58.38 and a beta of 1.33. The company has a quick ratio of 2.13, a current ratio of 3.44 and a debt-to-equity ratio of 0.99. The stock’s 50 day moving average price is $98.45 and its two-hundred day moving average price is $90.03.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Wednesday, January 28th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, January 28th. Entegris’s dividend payout ratio is 21.16%.

Insider Activity

In related news, SVP Olivier Blachier sold 488 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $77.43, for a total value of $37,785.84. Following the completion of the sale, the senior vice president directly owned 14,124 shares in the company, valued at approximately $1,093,621.32. This trade represents a 3.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Clinton M. Haris sold 5,830 shares of Entegris stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $120.00, for a total value of $699,600.00. Following the transaction, the senior vice president owned 37,743 shares of the company’s stock, valued at $4,529,160. The trade was a 13.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 131,146 shares of company stock worth $13,154,343. 0.67% of the stock is owned by insiders.

Analysts Set New Price Targets

ENTG has been the subject of a number of research analyst reports. KeyCorp upped their target price on shares of Entegris from $107.00 to $111.00 and gave the stock an “overweight” rating in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft cut Entegris from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research report on Tuesday. BMO Capital Markets lifted their target price on Entegris from $105.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Weiss Ratings restated a “hold (c)” rating on shares of Entegris in a research note on Monday, December 29th. Finally, Mizuho decreased their price target on shares of Entegris from $108.00 to $96.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $117.00.

About Entegris

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.