Thrivent Financial for Lutherans Grows Position in Entegris, Inc. (NASDAQ:ENTG)

Thrivent Financial for Lutherans boosted its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 14.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,096 shares of the semiconductor company’s stock after acquiring an additional 4,578 shares during the period. Thrivent Financial for Lutherans’ holdings in Entegris were worth $4,174,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. UniSuper Management Pty Ltd boosted its position in shares of Entegris by 90.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 2,100 shares of the semiconductor company’s stock valued at $295,000 after purchasing an additional 1,000 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Entegris by 21.4% during the 1st quarter. Advisors Asset Management Inc. now owns 838 shares of the semiconductor company’s stock worth $118,000 after purchasing an additional 148 shares during the period. Silvercrest Asset Management Group LLC increased its holdings in Entegris by 6.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 58,854 shares of the semiconductor company’s stock valued at $8,271,000 after buying an additional 3,654 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Entegris by 108.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 6,753 shares of the semiconductor company’s stock worth $949,000 after purchasing an additional 3,508 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of Entegris by 0.8% in the 1st quarter. California State Teachers Retirement System now owns 232,306 shares of the semiconductor company’s stock worth $32,648,000 after buying an additional 1,869 shares in the last quarter.

Entegris Trading Up 1.9 %

ENTG opened at $107.24 on Monday. The firm has a market capitalization of $16.19 billion, a P/E ratio of 71.02, a P/E/G ratio of 1.74 and a beta of 1.24. The firm’s 50 day moving average is $107.09 and its 200-day moving average is $118.56. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. Entegris, Inc. has a 52-week low of $94.92 and a 52-week high of $147.57.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The company had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. During the same quarter last year, the firm posted $0.68 EPS. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. Analysts expect that Entegris, Inc. will post 2.99 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. Entegris’s payout ratio is 26.49%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Citigroup cut their price objective on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. UBS Group reduced their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC reiterated a “buy” rating and set a $150.00 price objective on shares of Entegris in a research report on Thursday, August 1st. KeyCorp reduced their target price on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, Craig Hallum lowered their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.40.

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).