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

Entegris, Inc. (NASDAQ:ENTG) announced a quarterly dividend on Wednesday, April 17th, Zacks reports. Investors 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 annualized dividend 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% meaning 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 Price Performance

Shares of NASDAQ ENTG opened at $129.25 on Thursday. The stock has a market capitalization of $19.48 billion, a PE ratio of 108.61 and a beta of 1.32. Entegris has a fifty-two week low of $69.37 and a fifty-two week high of $146.91. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.85 and a quick ratio of 2.67. The business has a fifty day moving average price of $136.09 and a two-hundred day moving average price of $116.68.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The business had revenue of $812.30 million during the quarter, compared to analysts’ expectations of $780.95 million. During the same quarter in the prior year, the business posted $0.83 earnings per share. Entegris’s revenue was down 14.1% compared to the same quarter last year. As a group, equities analysts predict that Entegris will post 3.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ENTG. KeyCorp lifted their price objective on shares of Entegris from $136.00 to $164.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. BMO Capital Markets upped their price objective on Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Mizuho reiterated a “neutral” rating and issued a $140.00 target price on shares of Entegris in a research report on Tuesday, February 20th. Wolfe Research began coverage on shares of Entegris in a report on Friday, March 1st. They issued an “outperform” rating and a $160.00 target price for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price target on shares of Entegris in a report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Entegris presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.64.

Insider Buying and Selling

In other Entegris news, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the transaction, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at approximately $235,788.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Daniel D. Woodland sold 9,000 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $139.50, for a total value of $1,255,500.00. Following the sale, the insider now directly owns 32,730 shares of the company’s stock, valued at approximately $4,565,835. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the transaction, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at approximately $235,788.66. The disclosure for this sale can be found here. Insiders have sold a total of 41,082 shares of company stock valued at $5,606,849 over the last 90 days. 0.67% of the stock is owned by insiders.

Institutional Trading of Entegris

Institutional investors have recently bought and sold shares of the company. KB Financial Partners LLC bought a new position in shares of Entegris in the 1st quarter worth about $34,000. Belpointe Asset Management LLC lifted its position in shares of Entegris by 51.1% during the 1st quarter. Belpointe Asset Management LLC now owns 485 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 164 shares during the period. Steward Partners Investment Advisory LLC boosted its stake 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 acquiring an additional 198 shares in the last quarter. Stonebridge Capital Advisors LLC grew its holdings in Entegris by 3,909.1% in 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, Covestor Ltd increased its stake in Entegris by 103.9% in the first quarter. Covestor Ltd now owns 952 shares of the semiconductor company’s stock valued at $125,000 after purchasing an additional 485 shares in the last quarter.

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).