Entegris, Inc. (ENTG) To Go Ex-Dividend on April 30th

Entegris, Inc. (NASDAQ:ENTG) declared a quarterly dividend on Wednesday, April 17th, Zacks reports. Shareholders of record on Wednesday, May 1st will be given 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 0.30%. The ex-dividend date of this dividend is Tuesday, April 30th.

Entegris has increased its dividend payment by an average of 7.7% annually over the last three years. Entegris has a payout ratio of 8.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Entegris to earn $4.13 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 9.7%.

Entegris Price Performance

NASDAQ:ENTG opened at $132.60 on Friday. The firm has a market cap of $19.99 billion, a price-to-earnings ratio of 111.43 and a beta of 1.32. The company has a current ratio of 3.85, a quick ratio of 2.67 and a debt-to-equity ratio of 1.35. The company’s 50-day moving average is $135.75 and its two-hundred day moving average is $118.28. Entegris has a 12-month low of $71.16 and a 12-month high of $146.91.

Entegris (NASDAQ:ENTG) last released its earnings results 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. The company had revenue of $812.30 million for the quarter, compared to analyst estimates of $780.95 million. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The firm’s quarterly revenue was down 14.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 EPS. Research analysts expect that Entegris will post 3.27 EPS for the current year.

Wall Street Analyst Weigh In

ENTG has been the topic of several recent analyst reports. BMO Capital Markets increased their price objective on shares of Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Wolfe Research initiated coverage on shares of Entegris in a report on Friday, March 1st. They set an “outperform” rating and a $160.00 price objective on the stock. UBS Group increased their price objective on shares of Entegris from $90.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Citigroup increased their price objective on shares of Entegris from $117.00 to $134.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $141.64.

Insider Buying and Selling at Entegris

In other Entegris news, CAO Michael Sauer sold 1,897 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the sale, the chief accounting officer now owns 1,779 shares of the company’s stock, valued at $235,788.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the sale, the chief accounting officer now owns 1,779 shares of the company’s stock, valued at $235,788.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Susan G. Rice sold 17,518 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the sale, the senior vice president now directly 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. Insiders sold 41,082 shares of company stock valued at $5,606,849 over the last 90 days. 0.67% of the stock is owned by corporate insiders.

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).