Synovus Financial Corp raised its stake in Entegris Inc (NASDAQ:ENTG) by 5,857.5% in the third quarter, HoldingsChannel reports. The fund owned 13,583 shares of the semiconductor company’s stock after purchasing an additional 13,355 shares during the period. Synovus Financial Corp’s holdings in Entegris were worth $633,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in the business. Bridge City Capital LLC lifted its holdings in Entegris by 0.5% in the second quarter. Bridge City Capital LLC now owns 68,813 shares of the semiconductor company’s stock valued at $2,568,000 after acquiring an additional 339 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Entegris by 4.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,330 shares of the semiconductor company’s stock valued at $392,000 after acquiring an additional 361 shares during the period. Sumitomo Life Insurance Co. lifted its holdings in Entegris by 2.9% in the second quarter. Sumitomo Life Insurance Co. now owns 20,297 shares of the semiconductor company’s stock valued at $757,000 after acquiring an additional 567 shares during the period. Strs Ohio lifted its holdings in Entegris by 11.4% in the third quarter. Strs Ohio now owns 7,081 shares of the semiconductor company’s stock valued at $333,000 after acquiring an additional 722 shares during the period. Finally, Hancock Whitney Corp lifted its holdings in Entegris by 4.3% in the second quarter. Hancock Whitney Corp now owns 24,298 shares of the semiconductor company’s stock valued at $907,000 after acquiring an additional 995 shares during the period.
In other news, SVP Clinton M. Haris sold 14,480 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $48.27, for a total transaction of $698,949.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William James Shaner sold 24,294 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $44.33, for a total value of $1,076,953.02. Following the transaction, the senior vice president now directly owns 25,536 shares in the company, valued at approximately $1,132,010.88. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.
Shares of ENTG stock opened at $47.75 on Friday. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 25.26 and a beta of 1.33. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.15 and a quick ratio of 2.79. Entegris Inc has a 1-year low of $24.43 and a 1-year high of $50.15. The stock has a 50 day simple moving average of $47.64 and a 200-day simple moving average of $41.61.
Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, October 24th. The semiconductor company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The business had revenue of $394.10 million during the quarter, compared to analysts’ expectations of $392.09 million. Entegris had a return on equity of 24.16% and a net margin of 17.77%. The company’s revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 EPS. Analysts anticipate that Entegris Inc will post 1.93 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Tuesday, October 29th. Entegris’s dividend payout ratio is presently 16.93%.
Several research analysts have recently weighed in on the company. Zacks Investment Research raised Entegris from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Tuesday, October 8th. Loop Capital upped their target price on Entegris to $51.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. They noted that the move was a valuation call. Deutsche Bank downgraded Entegris from a “buy” rating to a “hold” rating in a research note on Sunday, October 6th. They noted that the move was a valuation call. ValuEngine downgraded Entegris from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, BidaskClub raised Entegris from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $48.13.
Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).
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