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

Entegris, Inc. (NASDAQ:ENTG) declared a quarterly dividend on Wednesday, April 17th, Zacks reports. Stockholders 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 increased its dividend payment by an average of 7.7% per year over the last three years. Entegris has a dividend payout ratio of 8.9% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 3.2 %

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

Entegris (NASDAQ:ENTG) last released its earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 EPS for the quarter, beating the consensus estimate 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 return on equity of 12.00% and a net margin of 5.13%. The business’s quarterly revenue was down 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 EPS. Sell-side analysts expect that Entegris will post 3.27 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Michael Sauer sold 1,897 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the sale, the chief accounting officer now directly owns 1,779 shares in the company, valued at approximately $235,788.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Susan G. Rice sold 17,518 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the completion of the sale, the senior vice president now directly owns 42,931 shares in the company, valued at approximately $5,832,605.66. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Michael Sauer sold 1,897 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the sale, the chief accounting officer now owns 1,779 shares of the company’s stock, valued at $235,788.66. The disclosure for this sale can be found here. In the last three months, insiders sold 41,082 shares of company stock worth $5,606,849. 0.67% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on ENTG. UBS Group boosted their target price on Entegris from $90.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. BMO Capital Markets boosted their target price on Entegris from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Wolfe Research began coverage on Entegris in a research note on Friday, March 1st. They issued an “outperform” rating and a $160.00 target price on the stock. StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. Finally, Craig Hallum upgraded 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $141.64.

Entegris Company 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).