Synovus Financial Corp Increases Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Synovus Financial Corp grew its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 102.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,253 shares of the semiconductor company's stock after buying an additional 19,340 shares during the period. Synovus Financial Corp's holdings in Entegris were worth $4,305,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Entegris by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company's stock worth $119,936,000 after buying an additional 14,650 shares during the period. Janney Montgomery Scott LLC bought a new stake in Entegris in the third quarter worth $1,158,000. American Century Companies Inc. grew its position in Entegris by 20.2% during the 2nd quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company's stock valued at $206,326,000 after purchasing an additional 256,186 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Entegris in the 3rd quarter worth approximately $1,963,000. Finally, &PARTNERS bought a new stake in Entegris in the 2nd quarter worth about $370,000.

Entegris Stock Down 0.6 %

NASDAQ:ENTG traded down $0.64 during midday trading on Friday, reaching $106.66. 2,238,402 shares of the stock traded hands, compared to its average volume of 1,711,907. The business has a 50-day moving average of $105.69 and a two-hundred day moving average of $116.19. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The stock has a market capitalization of $16.11 billion, a PE ratio of 70.64, a price-to-earnings-growth ratio of 1.80 and a beta of 1.23. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92.

Entegris (NASDAQ:ENTG - Get Free Report) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). The firm had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. The company's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period last year, the firm earned $0.68 EPS. On average, equities analysts forecast that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.38%. The ex-dividend date was Wednesday, October 30th. Entegris's payout ratio is 26.49%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Mizuho dropped their target price on Entegris from $143.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. BMO Capital Markets reduced their target price on Entegris from $145.00 to $135.00 and set an "outperform" rating on the stock in a report on Tuesday, November 5th. Citigroup dropped their price objective on shares of Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. Craig Hallum dropped their price objective on shares of Entegris from $150.00 to $130.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Finally, UBS Group dropped their price objective on Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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).