Synovus Financial Corp Acquires 19,340 Shares of Entegris, Inc. (NASDAQ:ENTG)

Synovus Financial Corp grew its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 102.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,253 shares of the semiconductor company’s stock after purchasing an additional 19,340 shares during the quarter. Synovus Financial Corp’s holdings in Entegris were worth $4,305,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ENTG. Mountaineer Partners Management LLC increased its holdings in Entegris by 16,255.1% during the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock worth $1,242,848,000 after buying an additional 10,977,064 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Entegris by 1,076.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock valued at $103,903,000 after acquiring an additional 844,837 shares during the period. Principal Financial Group Inc. grew its position in shares of Entegris by 130.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock valued at $155,287,000 after acquiring an additional 781,955 shares during the period. Swedbank AB increased its stake in shares of Entegris by 249.7% during the 3rd quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock worth $118,197,000 after purchasing an additional 750,000 shares during the last quarter. Finally, D1 Capital Partners L.P. bought a new stake in shares of Entegris in the 3rd quarter worth approximately $72,143,000.

Entegris Trading Down 0.6 %

Shares of Entegris stock opened at $106.66 on Friday. The company’s 50-day moving average price is $105.69 and its 200-day moving average price is $116.19. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The company has a market cap of $16.11 billion, a price-to-earnings ratio of 70.64, a PEG ratio of 1.80 and a beta of 1.23.

Entegris (NASDAQ:ENTG) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The business had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. Entegris’s revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share. On average, equities analysts expect that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ENTG. Deutsche Bank Aktiengesellschaft reduced their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. BMO Capital Markets cut their price target on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Craig Hallum lowered their price objective on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Citigroup cut their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, Mizuho reduced their target price on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $135.40.

Entegris 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).