Entegris, Inc. (ENTG) to Issue Quarterly Dividend of $0.10 on August 21st

Entegris, Inc. (NASDAQ:ENTG) announced a quarterly dividend on Wednesday, July 17th, Zacks reports. Shareholders of record on Wednesday, July 31st will be given a dividend of 0.10 per share by the semiconductor company on Wednesday, August 21st. This represents a $0.40 annualized dividend and a yield of 0.32%. The ex-dividend date is Wednesday, July 31st.

Entegris has raised its dividend by an average of 7.7% per year over the last three years. Entegris has a payout ratio of 9.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Entegris to earn $4.20 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 9.5%.

Entegris Stock Performance

NASDAQ:ENTG opened at $126.72 on Monday. The firm’s fifty day simple moving average is $133.88 and its 200 day simple moving average is $131.79. The company has a current ratio of 3.35, a quick ratio of 2.02 and a debt-to-equity ratio of 1.22. Entegris has a twelve month low of $84.13 and a twelve month high of $147.57. The firm has a market capitalization of $19.11 billion, a price-to-earnings ratio of 60.92, a PEG ratio of 1.44 and a beta of 1.25.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The company had revenue of $771.03 million for the quarter, compared to analysts’ expectations of $769.24 million. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. As a group, equities research analysts expect that Entegris will post 3.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research report on Monday, May 13th. Mizuho upped their target price on shares of Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $160.00 price target on shares of Entegris in a research note on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Entegris has a consensus rating of “Moderate Buy” and a consensus target price of $149.80.

Insider Transactions at Entegris

In related news, insider Daniel D. Woodland sold 15,000 shares of Entegris stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $145.00, for a total value of $2,175,000.00. Following the completion of the transaction, the insider now directly owns 37,457 shares in the company, valued at $5,431,265. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Daniel D. Woodland sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $145.00, for a total transaction of $2,175,000.00. Following the completion of the transaction, the insider now directly owns 37,457 shares in the company, valued at $5,431,265. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Olivier Blachier sold 1,986 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $133.84, for a total value of $265,806.24. Following the completion of the sale, the senior vice president now owns 12,356 shares in the company, valued at $1,653,727.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,796 shares of company stock valued at $9,870,921. Insiders own 0.67% of the company’s stock.

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).