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

Entegris, Inc. (NASDAQ:ENTG) declared a quarterly dividend on Wednesday, April 17th, Zacks reports. Stockholders of record on Wednesday, May 1st will be paid a dividend of 0.10 per share by the semiconductor company on Wednesday, May 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Tuesday, April 30th.

Entegris has raised its dividend 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. Equities research 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 Stock Down 1.7 %

ENTG stock opened at $127.09 on Friday. The company has a current ratio of 3.85, a quick ratio of 2.67 and a debt-to-equity ratio of 1.35. The company’s 50-day moving average price is $136.14 and its 200 day moving average price is $116.76. Entegris has a 52 week low of $69.37 and a 52 week high of $146.91. The company has a market cap of $19.16 billion, a P/E ratio of 106.80 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $812.30 million during the quarter, compared to the consensus estimate of $780.95 million. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The company’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same period last year, the firm earned $0.83 EPS. On average, research analysts expect that Entegris will post 3.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on ENTG. Mizuho reissued a “neutral” rating and issued a $140.00 target price on shares of Entegris in a report on Tuesday, February 20th. StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd. The Goldman Sachs Group raised their target price on shares of Entegris from $104.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, February 15th. BMO Capital Markets upped their price target on shares of Entegris from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price target on shares of Entegris in a research report on Thursday, March 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $141.64.

Insider Transactions at Entegris

In related news, insider Daniel D. Woodland sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the sale, the insider now owns 32,730 shares in the company, valued at $4,565,835. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Entegris news, insider Daniel D. Woodland sold 9,000 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 32,730 shares in the company, valued at approximately $4,565,835. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Michael Sauer sold 1,897 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the transaction, the chief accounting officer now directly owns 1,779 shares in the company, valued at approximately $235,788.66. The disclosure for this sale can be found here. Insiders sold a total of 41,082 shares of company stock worth $5,606,849 over the last ninety days. 0.67% of the stock is currently owned by corporate insiders.

Institutional Trading of Entegris

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENTG. KB Financial Partners LLC purchased a new position in shares of Entegris during the 1st quarter worth about $34,000. Belpointe Asset Management LLC grew its holdings in Entegris by 51.1% in the first quarter. Belpointe Asset Management LLC now owns 485 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 164 shares during the period. Steward Partners Investment Advisory LLC increased its position in Entegris by 31.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 818 shares of the semiconductor company’s stock worth $98,000 after purchasing an additional 198 shares during the last quarter. Stonebridge Capital Advisors LLC raised its stake in Entegris by 3,909.1% during the first quarter. Stonebridge Capital Advisors LLC now owns 882 shares of the semiconductor company’s stock worth $116,000 after purchasing an additional 860 shares during the period. Finally, UniSuper Management Pty Ltd acquired a new position in shares of Entegris in the 2nd quarter valued at $122,000.

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).