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

Entegris, Inc. (NASDAQ:ENTG - Get Free Report) announced a quarterly dividend on Thursday, July 17th, RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend 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 Price Performance

Shares of NASDAQ ENTG remained flat at $90.27 during mid-day trading on Friday. 584,886 shares of the stock were exchanged, compared to its average volume of 2,763,362. Entegris has a 52 week low of $60.75 and a 52 week high of $136.46. 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 stock has a 50 day moving average of $79.10 and a 200 day moving average of $87.99. The stock has a market cap of $13.67 billion, a PE ratio of 44.25, a PEG ratio of 1.96 and a beta of 1.27.

Entegris (NASDAQ:ENTG - Get Free Report) last released its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). The company had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. Entegris had a net margin of 9.57% and a return on equity of 12.48%. The company's revenue was up .3% on a year-over-year basis. During the same period last year, the firm posted $0.68 EPS. On average, sell-side analysts predict that Entegris will post 3.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ENTG. Citigroup reduced their price target on shares of Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Mizuho boosted their price target on shares of Entegris from $90.00 to $98.00 and gave the company an "outperform" rating in a research report on Tuesday. The Goldman Sachs Group began coverage on shares of Entegris in a report on Thursday, July 10th. They issued a "neutral" rating and a $85.00 price objective on the stock. Needham & Company LLC reiterated a "buy" rating and set a $100.00 target price on shares of Entegris in a report on Tuesday, May 20th. Finally, UBS Group cut their price target on Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Entegris has an average rating of "Moderate Buy" and a consensus price target of $106.89.

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).