Entegris, Inc. (NASDAQ:ENTG – Get Free Report) declared a quarterly dividend on Wednesday, January 14th. Stockholders of record on Wednesday, January 28th will be paid a dividend of 0.10 per share by the semiconductor company on Wednesday, February 18th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, January 28th.
Entegris has raised its dividend by an average of 0.1%per year over the last three years. Entegris has a dividend payout ratio of 10.6% indicating that 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 Price Performance
ENTG opened at $104.09 on Thursday. Entegris has a 1 year low of $60.75 and a 1 year high of $110.46. The company’s 50 day simple moving average is $86.00 and its 200 day simple moving average is $86.66. The stock has a market capitalization of $15.78 billion, a PE ratio of 55.07 and a beta of 1.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.13 and a current ratio of 3.44.
Insider Activity
In other Entegris news, insider Bertrand Loy sold 57,570 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $76.88, for a total value of $4,425,981.60. Following the transaction, the insider owned 305,820 shares in the company, valued at $23,511,441.60. The trade was a 15.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James P. Lederer sold 2,008 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $92.84, for a total value of $186,422.72. Following the sale, the director owned 20,434 shares of the company’s stock, valued at $1,897,092.56. This represents a 8.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 63,643 shares of company stock valued at $4,966,433. 0.67% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of ENTG. DAVENPORT & Co LLC grew its stake in Entegris by 1.3% during the 2nd quarter. DAVENPORT & Co LLC now owns 8,450 shares of the semiconductor company’s stock valued at $681,000 after purchasing an additional 110 shares in the last quarter. Verdence Capital Advisors LLC grew its position in shares of Entegris by 2.7% during the third quarter. Verdence Capital Advisors LLC now owns 4,817 shares of the semiconductor company’s stock worth $454,000 after buying an additional 126 shares in the last quarter. Alpine Bank Wealth Management increased its stake in shares of Entegris by 73.7% in the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock worth $25,000 after buying an additional 132 shares during the last quarter. National Bank of Canada FI raised its holdings in Entegris by 7.5% in the third quarter. National Bank of Canada FI now owns 2,154 shares of the semiconductor company’s stock valued at $199,000 after acquiring an additional 151 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in Entegris by 31.6% during the 3rd quarter. Allworth Financial LP now owns 637 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 153 shares in the last quarter.
About Entegris
Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.
Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.
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