Synovus Financial Corp Has $1.94 Million Holdings in Entegris, Inc. (NASDAQ:ENTG)

Synovus Financial Corp reduced its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 48.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,577 shares of the semiconductor company's stock after selling 18,676 shares during the quarter. Synovus Financial Corp's holdings in Entegris were worth $1,939,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ENTG. Corient Private Wealth LLC grew its stake in shares of Entegris by 1.1% during the fourth quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company's stock valued at $1,175,000 after purchasing an additional 128 shares during the last quarter. Torray Investment Partners LLC grew its holdings in shares of Entegris by 0.9% during the 4th quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company's stock valued at $1,512,000 after purchasing an additional 129 shares during the last quarter. Metis Global Partners LLC increased its position in Entegris by 7.1% during the 4th quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company's stock valued at $203,000 after purchasing an additional 135 shares during the period. HighPoint Advisor Group LLC increased its holdings in shares of Entegris by 4.3% during the fourth quarter. HighPoint Advisor Group LLC now owns 3,559 shares of the semiconductor company's stock valued at $376,000 after acquiring an additional 146 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Entegris by 6.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company's stock valued at $246,000 after buying an additional 147 shares during the last quarter.

Entegris Stock Down 2.0 %

NASDAQ ENTG traded down $1.40 during mid-day trading on Monday, hitting $67.33. The company's stock had a trading volume of 423,534 shares, compared to its average volume of 2,289,095. The company's 50 day simple moving average is $90.83 and its 200 day simple moving average is $99.55. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $147.57. The firm has a market capitalization of $10.19 billion, a price-to-earnings ratio of 34.97, a PEG ratio of 1.50 and a beta of 1.36.

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 (EPS) for the quarter, topping 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%. Analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris's payout ratio is currently 20.73%.

Insiders Place Their Bets

In other news, 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 sale, the senior vice president now owns 34,820 shares in the company, valued at $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Olivier Blachier sold 984 shares of the company's 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 completion of the transaction, the senior vice president now owns 10,903 shares in the company, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

ENTG has been the subject of several recent research reports. Needham & Company LLC reissued a "buy" rating and issued a $120.00 price target on shares of Entegris in a research note on Friday, February 7th. KeyCorp lowered their target price on Entegris from $141.00 to $130.00 and set an "overweight" rating for the company in a report on Monday, April 14th. StockNews.com lowered shares of Entegris from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Mizuho dropped their price target on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $123.50.

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).