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

Thrivent Financial for Lutherans lowered its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 56.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 16,202 shares of the semiconductor company’s stock after selling 20,894 shares during the period. Thrivent Financial for Lutherans’ holdings in Entegris were worth $1,658,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Corient Private Wealth LLC lifted its stake in Entegris by 1.1% during the fourth quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company’s stock worth $1,175,000 after purchasing an additional 128 shares in the last quarter. Torray Investment Partners LLC lifted its stake in Entegris by 0.9% during the 4th quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company’s stock worth $1,512,000 after acquiring an additional 129 shares in the last quarter. Metis Global Partners LLC boosted its holdings in Entegris by 7.1% during the 4th quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company’s stock valued at $203,000 after acquiring an additional 135 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Entegris by 6.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company’s stock valued at $246,000 after acquiring an additional 147 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Entegris by 27.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company’s stock valued at $73,000 after acquiring an additional 158 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ENTG shares. StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a research note on Monday, March 24th. KeyCorp decreased their price target on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price objective on shares of Entegris in a research report on Friday, February 7th. Finally, Mizuho decreased their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.88.

Entegris Stock Performance

Shares of ENTG stock opened at $88.74 on Friday. The company has a market cap of $13.43 billion, a P/E ratio of 45.98, a PEG ratio of 1.50 and a beta of 1.32. The firm has a fifty day moving average price of $101.34 and a 200 day moving average price of $104.19. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. Entegris, Inc. has a 12 month low of $87.72 and a 12 month high of $147.57.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. Sell-side analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s payout ratio is 20.73%.

Insider Activity at Entegris

In related news, SVP Olivier Blachier sold 984 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the completion of the sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at $1,177,524. This represents a 8.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the transaction, the senior vice president now directly owns 34,820 shares in the company, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Entegris Company Profile

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).