Entegris, Inc. (NASDAQ:ENTG) Declares Quarterly Dividend of $0.10

Entegris, Inc. (NASDAQ:ENTG) announced a quarterly dividend on Wednesday, April 17th, Zacks reports. Investors of record on Wednesday, May 1st will be given a dividend of 0.10 per share by the semiconductor company on Wednesday, May 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Tuesday, April 30th.

Entegris has raised its dividend by an average of 7.7% per year over the last three years. Entegris has a dividend payout ratio of 8.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Entegris to earn $4.13 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 9.7%.

Entegris Price Performance

ENTG opened at $132.60 on Monday. The company’s 50 day simple moving average is $135.75 and its 200 day simple moving average is $118.43. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.67 and a current ratio of 3.85. Entegris has a 1 year low of $71.16 and a 1 year high of $146.91. The stock has a market capitalization of $19.99 billion, a PE ratio of 111.43 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $812.30 million for the quarter, compared to analysts’ expectations of $780.95 million. Entegris had a net margin of 5.13% and a return on equity of 12.00%. Entegris’s revenue was down 14.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 earnings per share. As a group, sell-side analysts expect that Entegris will post 3.27 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Susan G. Rice sold 17,518 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the completion of the transaction, the senior vice president now owns 42,931 shares of the company’s stock, valued at $5,832,605.66. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Entegris news, SVP Susan G. Rice sold 17,518 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $135.86, for a total value of $2,379,995.48. Following the sale, the senior vice president now directly owns 42,931 shares in the company, valued at $5,832,605.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel D. Woodland sold 9,000 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the completion of the sale, the insider now owns 32,730 shares in the company, valued at $4,565,835. The disclosure for this sale can be found here. Insiders sold a total of 41,082 shares of company stock valued at $5,606,849 over the last 90 days. 0.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. StockNews.com cut shares of Entegris from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd. KeyCorp lifted their price objective on shares of Entegris from $136.00 to $164.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Mizuho reiterated a “neutral” rating and set a $140.00 price objective on shares of Entegris in a research note on Tuesday, February 20th. Craig Hallum upgraded shares of Entegris from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Thursday, February 15th. Finally, Citigroup lifted their price target on shares of Entegris from $117.00 to $134.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Entegris currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.64.

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).