Entegris, Inc. (NASDAQ:ENTG – Get Free Report) declared a quarterly dividend on Wednesday, April 15th. Stockholders of record on Wednesday, April 29th will be paid a dividend of 0.10 per share by the semiconductor company on Wednesday, May 20th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, April 29th.
Entegris has raised its dividend by an average of 0.0%per year over the last three years. Entegris has a dividend payout ratio of 10.6% indicating that its dividend is sufficiently covered by earnings. 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
Entegris stock opened at $135.92 on Friday. The company has a 50-day moving average price of $124.61 and a 200 day moving average price of $104.04. Entegris has a 12-month low of $65.72 and a 12-month high of $142.50. The company has a current ratio of 3.35, a quick ratio of 2.04 and a debt-to-equity ratio of 0.94. The stock has a market cap of $20.66 billion, a P/E ratio of 88.26, a PEG ratio of 2.57 and a beta of 1.32.
Insider Buying and Selling
In other Entegris news, SVP Daniel D. Woodland sold 30,474 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $130.65, for a total value of $3,981,428.10. Following the completion of the transaction, the senior vice president owned 46,904 shares in the company, valued at approximately $6,128,007.60. This represents a 39.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Linda Lagorga sold 11,438 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $135.00, for a total transaction of $1,544,130.00. Following the sale, the chief financial officer directly owned 33,810 shares in the company, valued at approximately $4,564,350. This represents a 25.28% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 245,337 shares of company stock worth $32,295,795. 0.53% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Entegris
Hedge funds have recently added to or reduced their stakes in the business. Ameriflex Group Inc. purchased a new stake in Entegris in the 3rd quarter valued at approximately $25,000. ORG Wealth Partners LLC increased its stake in Entegris by 862.1% in the third quarter. ORG Wealth Partners LLC now owns 279 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 250 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in Entegris by 260.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 285 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 206 shares during the period. Steph & Co. purchased a new stake in Entegris in the fourth quarter valued at approximately $25,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Entegris during the 4th quarter worth $29,000.
About Entegris
Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.
Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.
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