Thrivent Financial for Lutherans Sells 7,493 Shares of Entegris, Inc. $ENTG

Thrivent Financial for Lutherans lowered its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 14.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,312 shares of the semiconductor company’s stock after selling 7,493 shares during the period. Thrivent Financial for Lutherans’ holdings in Entegris were worth $3,654,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in ENTG. Coppell Advisory Solutions LLC purchased a new position in Entegris during the 2nd quarter valued at about $2,025,000. State of Wyoming increased its holdings in Entegris by 34.2% during the second quarter. State of Wyoming now owns 5,765 shares of the semiconductor company’s stock valued at $465,000 after buying an additional 1,469 shares during the period. Hudson Bay Capital Management LP purchased a new position in Entegris during the second quarter valued at approximately $340,000. CANADA LIFE ASSURANCE Co raised its stake in Entegris by 11.4% in the second quarter. CANADA LIFE ASSURANCE Co now owns 187,334 shares of the semiconductor company’s stock worth $15,115,000 after buying an additional 19,246 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Entegris by 59.4% during the second quarter. Tower Research Capital LLC TRC now owns 10,001 shares of the semiconductor company’s stock worth $807,000 after buying an additional 3,725 shares during the period.

Entegris Stock Performance

ENTG opened at $84.06 on Friday. The company has a market cap of $12.74 billion, a P/E ratio of 44.48 and a beta of 1.32. 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 firm’s 50-day moving average price is $85.63 and its 200-day moving average price is $84.83. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $110.46.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share for the quarter. Entegris had a net margin of 8.95% and a return on equity of 11.61%. The company had revenue of $512.84 million for the quarter. As a group, equities analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, October 29th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, October 29th. Entegris’s dividend payout ratio is presently 21.16%.

Insider Transactions at Entegris

In other news, SVP Olivier Blachier sold 488 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $77.43, for a total value of $37,785.84. Following the completion of the transaction, the senior vice president directly owned 14,124 shares in the company, valued at $1,093,621.32. This trade represents a 3.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Joseph Colella sold 3,577 shares of Entegris stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $88.41, for a total value of $316,242.57. Following the sale, the senior vice president directly owned 34,364 shares of the company’s stock, valued at $3,038,121.24. This trade represents a 9.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 63,643 shares of company stock worth $4,966,433. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Oppenheimer began coverage on Entegris in a report on Thursday, September 4th. They issued a “market perform” rating and a $95.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Entegris in a report on Monday, December 15th. The Goldman Sachs Group cut shares of Entegris from a “neutral” rating to a “sell” rating and lowered their price target for the company from $88.00 to $75.00 in a report on Monday, December 15th. Zacks Research lowered shares of Entegris from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Finally, Mizuho decreased their target price on shares of Entegris from $108.00 to $96.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Entegris presently has a consensus rating of “Hold” and a consensus target price of $94.43.

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.