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

Entegris, Inc. (NASDAQ:ENTG - Get Free Report) declared 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 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Tuesday, April 30th.

Entegris has increased 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 Stock Performance

NASDAQ:ENTG traded down $2.16 during mid-day trading on Thursday, hitting $127.09. 1,370,607 shares of the company traded hands, compared to its average volume of 1,382,859. The company has a quick ratio of 2.67, a current ratio of 3.85 and a debt-to-equity ratio of 1.35. The stock's fifty day moving average price is $136.14 and its 200-day moving average price is $116.76. The firm has a market cap of $19.16 billion, a price-to-earnings ratio of 106.80 and a beta of 1.32. Entegris has a one year low of $69.37 and a one year high of $146.91.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings data 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. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The company had revenue of $812.30 million during the quarter, compared to the consensus estimate of $780.95 million. During the same period in the previous year, the company posted $0.83 EPS. The firm's revenue was down 14.1% on a year-over-year basis. Research analysts anticipate that Entegris will post 3.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ENTG. UBS Group raised their price target on Entegris from $90.00 to $130.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. The Goldman Sachs Group lifted their target price on Entegris from $104.00 to $147.00 and gave the company a "buy" rating in a research note on Thursday, February 15th. BMO Capital Markets upped their price target on Entegris from $130.00 to $160.00 and gave the stock an "outperform" rating in a research note on Friday, February 16th. Wolfe Research assumed coverage on shares of Entegris in a report on Friday, March 1st. They set an "outperform" rating and a $160.00 price objective for the company. Finally, KeyCorp boosted their target price on shares of Entegris from $136.00 to $164.00 and gave the stock an "overweight" rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, Entegris presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.64.

Insider Activity at Entegris

In other news, insider Daniel D. Woodland sold 9,000 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $4,565,835. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Daniel D. Woodland sold 9,000 shares of the firm's stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the completion of the transaction, the senior vice president now owns 42,931 shares of the company's stock, valued at approximately $5,832,605.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,082 shares of company stock valued at $5,606,849. 0.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. KB Financial Partners LLC purchased a new stake in shares of Entegris in the first quarter worth approximately $34,000. Belpointe Asset Management LLC grew its position in Entegris by 51.1% in 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 last quarter. Steward Partners Investment Advisory LLC increased its stake in Entegris by 31.9% in 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 period. Stonebridge Capital Advisors LLC lifted its position in shares of 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 last quarter. Finally, UniSuper Management Pty Ltd bought a new stake in shares of Entegris during the second quarter worth $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).