Thrivent Financial for Lutherans Cuts Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Thrivent Financial for Lutherans cut its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 20.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 32,518 shares of the semiconductor company’s stock after selling 8,176 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Entegris were worth $4,403,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in ENTG. Inspire Advisors LLC boosted its stake in shares of Entegris by 1.3% during the 1st quarter. Inspire Advisors LLC now owns 5,785 shares of the semiconductor company’s stock worth $813,000 after acquiring an additional 77 shares in the last quarter. Wedmont Private Capital boosted its position in Entegris by 5.9% during the second quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company’s stock worth $232,000 after purchasing an additional 90 shares in the last quarter. Everpar Advisors LLC grew its holdings in Entegris by 6.5% in the second quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company’s stock valued at $224,000 after purchasing an additional 101 shares during the period. Arizona State Retirement System increased its position in shares of Entegris by 0.3% in the second quarter. Arizona State Retirement System now owns 41,406 shares of the semiconductor company’s stock valued at $5,606,000 after buying an additional 105 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Entegris by 14.6% during the 1st quarter. UMB Bank n.a. now owns 832 shares of the semiconductor company’s stock worth $117,000 after buying an additional 106 shares during the period.

Entegris Trading Down 1.5 %

ENTG opened at $114.86 on Friday. The firm has a market capitalization of $17.32 billion, a price-to-earnings ratio of 55.22, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The company’s 50 day simple moving average is $112.74 and its two-hundred day simple moving average is $126.67. Entegris, Inc. has a 1-year low of $84.13 and a 1-year high of $147.57. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The firm had revenue of $812.60 million for the quarter, compared to the consensus estimate of $802.43 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The firm’s revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. Analysts expect that Entegris, Inc. will post 3.14 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Wednesday, July 31st. Entegris’s dividend payout ratio is currently 19.23%.

Wall Street Analysts Forecast Growth

ENTG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Citigroup raised shares of Entegris from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $119.00 to $130.00 in a research note on Monday, September 16th. Mizuho upgraded shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Thursday, August 1st. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. Finally, BMO Capital Markets reduced their target price on Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $146.40.

Insider Buying and Selling

In other Entegris news, CEO Bertrand Loy sold 27,044 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total value of $3,803,197.72. Following the transaction, the chief executive officer now directly owns 263,068 shares in the company, valued at approximately $36,995,252.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Bertrand Loy sold 27,044 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the completion of the sale, the chief executive officer now owns 263,068 shares in the company, valued at approximately $36,995,252.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $140.00, for a total value of $2,100,000.00. Following the completion of the transaction, the insider now owns 37,457 shares in the company, valued at $5,243,980. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,044 shares of company stock worth $8,078,198. Insiders own 0.67% of the company’s stock.

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).