Entegris (ENTG) Reaches New 1-Year High Following Dividend Announcement

Shares of Entegris Inc (NASDAQ:ENTG) reached a new 52-week high on Thursday following a dividend announcement from the company. The stock traded as high as $40.73 and last traded at $40.70, with a volume of 21122 shares trading hands. The stock had previously closed at $40.35.

The newly announced dividend which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Tuesday, April 30th. Entegris’s dividend payout ratio (DPR) is presently 14.81%.

Several brokerages have issued reports on ENTG. Deutsche Bank boosted their price target on shares of Entegris from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday. Loop Capital lowered their price target on shares of Entegris to $46.00 and set a “buy” rating on the stock in a report on Tuesday, April 9th. ValuEngine raised shares of Entegris from a “hold” rating to a “buy” rating in a report on Wednesday, February 27th. BidaskClub raised shares of Entegris from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 3rd. Finally, Seaport Global Securities lowered shares of Entegris from a “buy” rating to a “neutral” rating in a report on Thursday, February 28th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Entegris has an average rating of “Buy” and a consensus price target of $42.43.

The firm has a market cap of $5.47 billion, a PE ratio of 21.49 and a beta of 1.32. The company has a current ratio of 3.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.92.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Tuesday, February 5th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.01. The firm had revenue of $401.60 million for the quarter, compared to analyst estimates of $398.98 million. Entegris had a net margin of 15.53% and a return on equity of 25.86%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS. As a group, equities analysts anticipate that Entegris Inc will post 2.01 earnings per share for the current year.

In other news, VP Michael Sauer sold 3,788 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $36.61, for a total value of $138,678.68. Following the sale, the vice president now owns 12,782 shares of the company’s stock, valued at approximately $467,949.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Stuart Tison sold 11,576 shares of the company’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $38.96, for a total transaction of $451,000.96. Following the completion of the sale, the senior vice president now directly owns 74,744 shares in the company, valued at approximately $2,912,026.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,508 shares of company stock worth $3,019,111. 1.50% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of ENTG. NumerixS Investment Technologies Inc bought a new stake in shares of Entegris in the 4th quarter worth about $36,000. CX Institutional bought a new stake in Entegris during the 4th quarter worth about $73,000. Meeder Asset Management Inc. grew its holdings in Entegris by 1,148.1% during the 1st quarter. Meeder Asset Management Inc. now owns 2,359 shares of the semiconductor company’s stock worth $84,000 after acquiring an additional 2,170 shares during the last quarter. First Interstate Bank grew its holdings in Entegris by 22.1% during the 4th quarter. First Interstate Bank now owns 5,450 shares of the semiconductor company’s stock worth $152,000 after acquiring an additional 985 shares during the last quarter. Finally, Berman Capital Advisors LLC bought a new stake in Entegris during the 4th quarter worth about $174,000.

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Entegris Company Profile (NASDAQ:ENTG)

Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

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