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

Entegris, Inc. (NASDAQ:ENTG) announced a quarterly dividend on Wednesday, October 16th, Zacks reports. Investors of record on Wednesday, October 30th will be paid a dividend of 0.10 per share by the semiconductor company on Wednesday, November 20th. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, October 30th.

Entegris has increased its dividend by an average of 7.7% per year over the last three years. Entegris has a payout ratio of 9.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Entegris to earn $4.23 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 Price Performance

ENTG stock opened at $102.33 on Thursday. The firm has a market cap of $15.43 billion, a price-to-earnings ratio of 49.20, a PEG ratio of 1.48 and a beta of 1.24. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18. Entegris has a 12-month low of $84.13 and a 12-month high of $147.57. The company’s fifty day simple moving average is $110.72 and its 200 day simple moving average is $124.00.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.01. The business had revenue of $812.60 million for the quarter, compared to analyst estimates of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. Entegris’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 earnings per share. On average, analysts expect that Entegris will post 3.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ENTG shares. Citigroup raised shares of Entegris from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $119.00 to $130.00 in a research report on Monday, September 16th. Needham & Company LLC reissued a “buy” rating and set a $150.00 target price on shares of Entegris in a research report on Thursday, August 1st. BMO Capital Markets decreased their target price on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, Mizuho raised shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price for the company in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $146.40.

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).