Thrivent Financial for Lutherans Lowers Holdings in Entegris, Inc. $ENTG

Thrivent Financial for Lutherans reduced its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 14.2% during the 2nd quarter, according to its most recent filing with the SEC. 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.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Entegris during the second quarter worth about $211,786,000. Duquesne Family Office LLC acquired a new position in Entegris in the second quarter valued at approximately $132,741,000. Durable Capital Partners LP boosted its position in Entegris by 43.3% in the 1st quarter. Durable Capital Partners LP now owns 2,914,417 shares of the semiconductor company’s stock worth $254,953,000 after purchasing an additional 881,198 shares in the last quarter. Holocene Advisors LP boosted its position in Entegris by 79.4% in the 2nd quarter. Holocene Advisors LP now owns 1,859,828 shares of the semiconductor company’s stock worth $149,995,000 after purchasing an additional 823,015 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Entegris by 40.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,759,296 shares of the semiconductor company’s stock worth $241,383,000 after purchasing an additional 794,222 shares during the period.

Insider Buying and Selling at Entegris

In other 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 transaction, the senior vice president directly owned 14,124 shares of the company’s stock, valued at approximately $1,093,621.32. This trade represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Joseph Colella sold 3,577 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $88.41, for a total transaction of $316,242.57. Following the sale, the senior vice president directly owned 34,364 shares of the company’s stock, valued at approximately $3,038,121.24. This represents a 9.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 63,643 shares of company stock valued at $4,966,433 over the last ninety days. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Entegris Trading Down 0.6%

ENTG stock opened at $84.06 on Friday. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $110.46. The business’s 50-day moving average is $85.63 and its 200 day moving average is $84.83. The company has a current ratio of 3.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.99. The stock has a market cap of $12.74 billion, a price-to-earnings ratio of 44.48 and a beta of 1.32.

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 return on equity of 11.61% and a net margin of 8.95%.The business had revenue of $512.84 million for the quarter. On average, sell-side analysts anticipate 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, November 19th. Stockholders of record on Wednesday, October 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Entegris’s dividend payout ratio is presently 21.16%.

Entegris Profile

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.