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

Entegris, Inc. (NASDAQ:ENTG) declared a quarterly dividend on Wednesday, October 16th, Zacks reports. Stockholders of record on Wednesday, October 30th will be paid a dividend of 0.10 per share by the semiconductor company on Wednesday, November 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Wednesday, October 30th.

Entegris has raised its dividend by an average of 7.7% per year over the last three years. Entegris has a payout ratio of 9.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Entegris to earn $4.23 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 9.5%.

Entegris Stock Performance

NASDAQ ENTG opened at $102.33 on Thursday. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. The business’s 50 day moving average is $110.72 and its two-hundred day moving average is $124.00. The stock has a market capitalization of $15.43 billion, a price-to-earnings ratio of 49.20, a PEG ratio of 1.48 and a beta of 1.24. Entegris has a 12-month low of $84.13 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The company had revenue of $812.60 million during the quarter, compared to the consensus estimate of $802.43 million. During the same quarter last year, the company earned $0.66 earnings per share. Entegris’s quarterly revenue was down 9.8% compared to the same quarter last year. Research analysts expect that Entegris will post 3.13 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on ENTG. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Citigroup raised shares of Entegris from a “neutral” rating to a “buy” rating and increased their price objective for the company from $119.00 to $130.00 in a research note on Monday, September 16th. Mizuho upgraded shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price for the company in a report on Thursday, August 1st. BMO Capital Markets reduced their price target on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Finally, Needham & Company LLC reissued a “buy” rating and set a $150.00 price objective on shares of Entegris in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $146.40.

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).