Synovus Financial Corp Acquires 5,843 Shares of Entegris, Inc. $ENTG

Key Points

• Synovus Financial Corp increased its stake in Entegris, Inc. by 29.8% during the first quarter, now owning 25,420 shares valued at approximately $2.22 million.
• Several analysts downgraded their price targets for Entegris, with Citigroup lowering its target from $125.00 to $102.00, while the consensus rating remains a "Moderate Buy" with an average target price of $106.44.
• Entegris announced a quarterly dividend of $0.10 per share, representing an annualized yield of 0.5%, with a payout ratio of 20.62%.

Synovus Financial Corp lifted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 29.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,420 shares of the semiconductor company's stock after purchasing an additional 5,843 shares during the quarter. Synovus Financial Corp's holdings in Entegris were worth $2,224,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Costello Asset Management INC acquired a new stake in shares of Entegris during the first quarter worth about $26,000. Central Pacific Bank Trust Division raised its position in shares of Entegris by 125.7% during the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 171 shares during the period. Quarry LP acquired a new stake in shares of Entegris during the fourth quarter worth about $28,000. Neo Ivy Capital Management bought a new position in shares of Entegris during the fourth quarter worth about $34,000. Finally, Summit Securities Group LLC acquired a new stake in Entegris in the 1st quarter valued at approximately $36,000.

Entegris Stock Down 0.2%

ENTG stock traded down $0.14 during mid-day trading on Thursday, reaching $83.86. The company had a trading volume of 4,019,582 shares, compared to its average volume of 2,914,909. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95. The stock has a 50 day simple moving average of $83.07 and a two-hundred day simple moving average of $83.86. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 43.23 and a beta of 1.22. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $117.88.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. The firm had revenue of $792.40 million during the quarter, compared to the consensus estimate of $753.85 million. Entegris had a return on equity of 12.05% and a net margin of 9.17%.The business's revenue was down 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. As a group, equities analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, July 30th. Entegris's payout ratio is currently 20.62%.

Insider Activity at Entegris

In other news, SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $90.00, for a total transaction of $326,430.00. Following the completion of the transaction, the senior vice president directly owned 37,743 shares in the company, valued at approximately $3,396,870. The trade was a 8.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Susan G. Rice sold 8,858 shares of Entegris stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total value of $707,222.72. Following the transaction, the senior vice president owned 56,912 shares of the company's stock, valued at $4,543,854.08. This represents a 13.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

ENTG has been the topic of a number of recent research reports. UBS Group dropped their target price on Entegris from $95.00 to $90.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Mizuho lifted their target price on Entegris from $90.00 to $98.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Citigroup dropped their target price on Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and issued a $100.00 target price on shares of Entegris in a research report on Tuesday, May 20th. Finally, KeyCorp reissued an "overweight" rating and issued a $103.00 target price (down previously from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $106.44.

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).