Entegris Inc (NASDAQ:ENTG) declared a quarterly dividend on Wednesday, July 15th, Zacks reports. Investors of record on Wednesday, July 29th will be paid a dividend of 0.08 per share by the semiconductor company on Wednesday, August 19th. This represents a $0.32 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Tuesday, July 28th.
Entegris has a payout ratio of 16.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Entegris to earn $2.36 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 13.6%.
ENTG stock opened at $57.93 on Thursday. The firm's 50-day moving average price is $59.99 and its two-hundred day moving average price is $54.04. Entegris has a 12-month low of $36.00 and a 12-month high of $64.90. The stock has a market capitalization of $7.80 billion, a price-to-earnings ratio of 27.90 and a beta of 1.31. The company has a current ratio of 4.78, a quick ratio of 3.30 and a debt-to-equity ratio of 0.92.
Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Tuesday, April 21st. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. Entegris had a net margin of 17.57% and a return on equity of 23.84%. The firm had revenue of $412.30 million for the quarter, compared to analysts' expectations of $416.35 million. During the same quarter in the previous year, the company earned $0.50 earnings per share. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts predict that Entegris will post 1.99 EPS for the current year.
A number of equities analysts have issued reports on the stock. CL King boosted their price objective on shares of Entegris from $63.00 to $66.00 in a research report on Monday. Deutsche Bank lifted their target price on shares of Entegris from $48.00 to $58.00 and gave the company a "hold" rating in a research note on Monday, June 15th. BidaskClub lowered shares of Entegris from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. Zacks Investment Research raised shares of Entegris from a "sell" rating to a "hold" rating in a research note on Tuesday, June 23rd. Finally, Citigroup boosted their price objective on shares of Entegris from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, April 22nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of "Buy" and a consensus target price of $60.57.
In other news, SVP William James Shaner sold 55,992 shares of the company's stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $55.69, for a total value of $3,118,194.48. Following the transaction, the senior vice president now owns 84,941 shares in the company, valued at $4,730,364.29. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Corey Rucci sold 8,638 shares of the company's stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $58.57, for a total transaction of $505,927.66. Following the completion of the transaction, the senior vice president now owns 14,472 shares in the company, valued at approximately $847,625.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,630 shares of company stock worth $3,682,512. Insiders own 1.70% of the company's stock.
Entegris Company Profile
Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).
See Also: Accumulation/Distribution
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
8 Consumer Staples Stocks That Offer Good Value
Chances are you’ve been spending more time at home than usual. You may also be spending more of your budget on some creature comforts that might normally make it on your shopping list. These are the consumer staples that you rely on every day.
And that’s what makes the consumer staples one of the most interesting sectors for investors.
For starters, consumer staples are defensive stocks. They are stocks that tend to perform well when the economy is doing well or when it is performing poorly. That’s because they are essentials like toilet paper, packaged foods and beverages, even alcohol and tobacco.
Now the opposite side of this coin is that the price you pay for these items is somewhat fixed. And that means these stocks don’t fit the definition of growth stocks. But the Covid-19 pandemic has changed that equation a little bit. It’s not that people are necessarily paying more for these items. But they are buying more of these items.
And this means that consumer staples are having their moment in the sun. However, it also means that right now there are several consumer staples that are looking a little pricey. But if you know anything about these stocks, you know that many of these companies are mature companies that pay a respectable, and safe, dividend.
Fortunately, there are still several stocks that appear to have room to grow and offer a nice dividend for investors.
View the "8 Consumer Staples Stocks That Offer Good Value".