Entegris, Inc. (ENTG) to Issue Quarterly Dividend of $0.10 on February 19th

Entegris, Inc. (NASDAQ:ENTG) declared a quarterly dividend on Wednesday, January 15th,RTT News reports. Stockholders of record on Wednesday, January 29th will be paid a dividend of 0.10 per share by the semiconductor company on Wednesday, February 19th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Wednesday, January 29th.

Entegris has raised its dividend by an average of 7.7% annually over the last three years. Entegris has a payout ratio of 8.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Entegris to earn $3.63 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 11.0%.

Entegris Price Performance

ENTG opened at $104.19 on Monday. Entegris has a 12-month low of $94.92 and a 12-month high of $147.57. The company has a market cap of $15.73 billion, a price-to-earnings ratio of 69.00, a price-to-earnings-growth ratio of 1.46 and a beta of 1.24. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. The stock has a fifty day simple moving average of $103.80 and a two-hundred day simple moving average of $109.26.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The business had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. During the same quarter last year, the company posted $0.68 EPS. Entegris’s revenue for the quarter was down 9.1% compared to the same quarter last year. Research analysts predict that Entegris will post 2.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. UBS Group lowered their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. KeyCorp lowered their price target on Entegris from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Mizuho cut their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, Craig Hallum dropped their target price on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.50.

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).