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 0.31%. The ex-dividend date is Tuesday, April 30th.

Entegris has raised 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% indicating that its dividend is sufficiently covered by earnings. Analysts expect Entegris to earn $4.50 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 8.9%.

Entegris Trading Down 1.3 %

Entegris stock opened at $129.25 on Thursday. The company’s fifty day simple moving average is $136.09 and its 200-day simple moving average is $116.68. The company has a quick ratio of 2.67, a current ratio of 3.85 and a debt-to-equity ratio of 1.35. Entegris has a 12 month low of $69.37 and a 12 month high of $146.91. The stock has a market cap of $19.48 billion, a P/E ratio of 108.61 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The business had revenue of $812.30 million during the quarter, compared to analyst estimates of $780.95 million. During the same quarter in the previous year, the business earned $0.83 EPS. Entegris’s quarterly revenue was down 14.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Entegris will post 3.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ENTG. StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. Wolfe Research began coverage on shares of Entegris in a research report on Friday, March 1st. They set an “outperform” rating and a $160.00 target price for the company. Needham & Company LLC reissued a “buy” rating and set a $150.00 target price on shares of Entegris in a research report on Thursday, March 7th. UBS Group boosted their target price on shares of Entegris from $90.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, The Goldman Sachs Group boosted their target price on shares of Entegris from $104.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. One 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.64.

Insider Activity at Entegris

In other Entegris news, SVP Susan G. Rice sold 17,518 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the completion of the sale, the senior vice president now owns 42,931 shares in the company, valued at approximately $5,832,605.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Entegris news, insider Daniel D. Woodland sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $139.50, for a total value of $1,255,500.00. Following the completion of the sale, the insider now owns 32,730 shares in the company, valued at approximately $4,565,835. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Susan G. Rice sold 17,518 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the completion of the sale, the senior vice president now owns 42,931 shares of the company’s stock, valued at approximately $5,832,605.66. The disclosure for this sale can be found here. Insiders have sold 41,082 shares of company stock worth $5,606,849 over the last three months. Company insiders own 0.67% of the company’s stock.

Institutional Trading of Entegris

A number of hedge funds have recently modified their holdings of ENTG. American Century Companies Inc. lifted its position in shares of Entegris by 11.1% in the 1st quarter. American Century Companies Inc. now owns 9,715 shares of the semiconductor company’s stock worth $1,275,000 after acquiring an additional 974 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Entegris by 73.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,866 shares of the semiconductor company’s stock worth $376,000 after buying an additional 1,213 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in Entegris during the 1st quarter valued at $1,144,000. Great West Life Assurance Co. Can increased its holdings in Entegris by 43.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 48,049 shares of the semiconductor company’s stock valued at $6,657,000 after purchasing an additional 14,527 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its holdings in Entegris by 187.4% during the 1st quarter. Vontobel Holding Ltd. now owns 7,653 shares of the semiconductor company’s stock valued at $1,037,000 after purchasing an additional 4,990 shares in the last quarter.

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).