Thrivent Financial for Lutherans Sells 20,894 Shares of Entegris, Inc. (NASDAQ:ENTG)

Thrivent Financial for Lutherans trimmed its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 56.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,202 shares of the semiconductor company's stock after selling 20,894 shares during the quarter. Thrivent Financial for Lutherans' holdings in Entegris were worth $1,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in ENTG. Fortitude Family Office LLC increased its holdings in Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 274 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Entegris during the 4th quarter worth approximately $42,000. Eagle Bay Advisors LLC increased its stake in shares of Entegris by 4,375.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company's stock valued at $71,000 after acquiring an additional 700 shares in the last quarter. Promus Capital LLC acquired a new position in shares of Entegris during the 4th quarter valued at $71,000. Finally, Smartleaf Asset Management LLC boosted its stake in Entegris by 27.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock worth $73,000 after acquiring an additional 158 shares in the last quarter.

Entegris Stock Down 0.4 %

Shares of ENTG stock traded down $0.38 during trading hours on Wednesday, reaching $85.82. The company had a trading volume of 2,909,784 shares, compared to its average volume of 2,103,279. The business has a fifty day simple moving average of $100.13 and a 200-day simple moving average of $103.70. Entegris, Inc. has a 12 month low of $83.97 and a 12 month high of $147.57. The company has a market cap of $12.99 billion, a price-to-earnings ratio of 44.47, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86.

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Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. On average, research analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris's payout ratio is 20.73%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction on Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the sale, the senior vice president now directly owns 34,820 shares in the company, valued at $3,722,954.40. The trade was a 26.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Olivier Blachier sold 984 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the transaction, the senior vice president now owns 10,903 shares of the company's stock, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

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).