Thrivent Financial For Lutherans Has $1,489,000 Position in Entegris, Inc. (ENTG)
Thrivent Financial For Lutherans held its stake in Entegris, Inc. (NASDAQ:ENTG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,760 shares of the semiconductor company’s stock at the close of the 2nd quarter. Thrivent Financial For Lutherans’ holdings in Entegris were worth $1,489,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of ENTG. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Entegris by 11.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,324 shares of the semiconductor company’s stock valued at $117,000 after acquiring an additional 533 shares during the period. Seven Eight Capital LP bought a new position in shares of Entegris in the second quarter worth about $149,000. FNY Partners Fund LP purchased a new stake in shares of Entegris during the first quarter worth about $154,000. Teacher Retirement System of Texas grew its position in shares of Entegris by 0.5% during the second quarter. Teacher Retirement System of Texas now owns 11,271 shares of the semiconductor company’s stock worth $247,000 after purchasing an additional 53 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of Entegris during the first quarter worth about $264,000. Institutional investors and hedge funds own 95.08% of the company’s stock.
Several analysts recently issued reports on the company. BidaskClub raised Entegris from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Entegris from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research report on Monday, July 31st. Deutsche Bank AG initiated coverage on shares of Entegris in a research report on Wednesday, July 5th. They set a “hold” rating and a $24.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $29.00 target price on shares of Entegris in a report on Tuesday, September 19th. Finally, KeyCorp restated an “outperform” rating and set a $30.00 target price on shares of Entegris in a research report on Saturday, September 16th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $28.90.
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Shares of Entegris, Inc. (ENTG) opened at 29.25 on Tuesday. The company has a 50-day moving average of $26.17 and a 200-day moving average of $24.67. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 34.78 and a beta of 1.52. Entegris, Inc. has a 52-week low of $14.73 and a 52-week high of $29.30.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. Entegris had a net margin of 9.63% and a return on equity of 17.04%. The firm had revenue of $329.00 million for the quarter, compared to analysts’ expectations of $324.51 million. During the same quarter in the previous year, the company posted $0.28 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts anticipate that Entegris, Inc. will post $1.28 EPS for the current year.
In other news, CFO Gregory B. Graves sold 4,908 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $26.00, for a total value of $127,608.00. Following the completion of the sale, the chief financial officer now owns 65,554 shares of the company’s stock, valued at approximately $1,704,404. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Gregory B. Graves sold 32,593 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $26.01, for a total transaction of $847,743.93. Following the completion of the sale, the chief financial officer now directly owns 65,554 shares of the company’s stock, valued at approximately $1,705,059.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,764 shares of company stock valued at $2,223,894. 1.70% of the stock is owned by company insiders.
Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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