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

Entegris, Inc. (NASDAQ:ENTG) announced a quarterly dividend on Thursday, April 17th, Wall Street Journal reports. Stockholders of record on Wednesday, April 30th will be given a dividend of 0.10 per share by the semiconductor company on Wednesday, May 21st. This represents a $0.40 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Wednesday, April 30th.

Entegris has increased its dividend by an average of 18.6% annually over the last three years. Entegris has a dividend payout ratio of 9.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.7 %

ENTG traded up $1.13 during trading hours on Thursday, reaching $68.73. The company’s stock had a trading volume of 2,973,014 shares, compared to its average volume of 2,287,631. The business’s 50-day moving average is $92.33 and its 200-day moving average is $100.30. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The stock has a market cap of $10.40 billion, a PE ratio of 35.61, a P/E/G ratio of 1.50 and a beta of 1.36. Entegris has a fifty-two week low of $60.75 and a fifty-two week high of $147.57.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. As a group, equities research analysts predict that Entegris will post 3.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ENTG shares. Mizuho lowered their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. KeyCorp dropped their price objective on Entegris from $141.00 to $130.00 and set an “overweight” rating for the company in a research note on Monday. StockNews.com lowered Entegris from a “hold” rating to a “sell” rating in a research note on Friday, April 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 target price on shares of Entegris in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.50.

Insider Buying and Selling at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the sale, the senior vice president now owns 34,820 shares in the company, valued at $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Olivier Blachier sold 984 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the transaction, the senior vice president now owns 10,903 shares in the company, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

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).