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

Entegris, Inc. (NASDAQ:ENTG) declared a quarterly dividend on Sunday, July 27th, RTT News reports. Investors of record on Wednesday, July 30th will be given a dividend of 0.10 per share by the semiconductor company on Wednesday, August 20th. This represents a $0.40 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Wednesday, July 30th.

Entegris has a payout ratio of 10.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Entegris to earn $4.38 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 9.1%.

Entegris Stock Up 0.8%

Shares of NASDAQ ENTG opened at $91.85 on Monday. Entegris has a 52 week low of $60.75 and a 52 week high of $130.56. The company has a market cap of $13.91 billion, a P/E ratio of 45.02 and a beta of 1.27. The company has a quick ratio of 1.95, a current ratio of 3.26 and a debt-to-equity ratio of 1.06. The business has a 50-day simple moving average of $80.47 and a two-hundred day simple moving average of $87.47.

Entegris (NASDAQ:ENTG) last issued its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). Entegris had a return on equity of 12.48% and a net margin of 9.57%. The business had revenue of $773.20 million during the quarter, compared to analysts’ expectations of $790.75 million. During the same quarter in the previous year, the business earned $0.68 EPS. Entegris’s revenue for the quarter was up .3% compared to the same quarter last year. Research analysts anticipate that Entegris will post 3.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. The Goldman Sachs Group assumed coverage on Entegris in a research report on Thursday, July 10th. They set a “neutral” rating and a $85.00 price objective on the stock. Wall Street Zen downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research report on Saturday, April 19th. Mizuho increased their price target on Entegris from $90.00 to $98.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Citigroup cut their price objective on Entegris from $125.00 to $102.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of Entegris in a report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $108.00.

Insider Buying and Selling at Entegris

In other news, SVP Clinton M. Haris sold 3,627 shares of the firm’s stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total transaction of $326,430.00. Following the completion of the sale, the senior vice president owned 37,743 shares in the company, valued at $3,396,870. This trade represents a 8.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

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).