Synovus Financial Corp Sells 18,676 Shares of Entegris, Inc. (NASDAQ:ENTG)

Synovus Financial Corp lowered its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 48.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 19,577 shares of the semiconductor company's stock after selling 18,676 shares during the period. Synovus Financial Corp's holdings in Entegris were worth $1,939,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the business. Norges Bank bought a new stake in Entegris in the 4th quarter valued at about $445,988,000. Raymond James Financial Inc. bought a new stake in shares of Entegris during the fourth quarter valued at approximately $91,869,000. Principal Financial Group Inc. raised its position in shares of Entegris by 130.8% during the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company's stock worth $155,287,000 after purchasing an additional 781,955 shares during the period. James Hambro & Partners LLP bought a new position in shares of Entegris in the 4th quarter worth $72,845,000. Finally, Wealthfront Advisers LLC acquired a new stake in Entegris in the 4th quarter valued at $68,661,000.

Insider Buying and Selling at Entegris

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

Entegris Stock Performance

NASDAQ:ENTG traded up $1.13 during trading on Friday, reaching $68.73. The company's stock had a trading volume of 2,973,305 shares, compared to its average volume of 2,293,814. The firm has a market cap of $10.40 billion, a price-to-earnings ratio of 35.61, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $147.57. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The firm has a 50 day moving average of $90.83 and a 200-day moving average of $99.71.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings results 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 net margin of 9.03% and a return on equity of 12.83%. Research analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.58%. Entegris's payout ratio is 20.73%.

Analysts Set New Price Targets

Several research analysts have weighed in on ENTG shares. Needham & Company LLC restated a "buy" rating and set a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. KeyCorp dropped their price target on shares of Entegris from $141.00 to $130.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Mizuho cut their price target on Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Finally, StockNews.com downgraded Entegris from a "hold" rating to a "sell" rating in a research note on Saturday. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $123.50.

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).