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

Entegris, Inc. (NASDAQ:ENTG) announced 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 of this dividend 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% indicating that its dividend is sufficiently covered by earnings. Research 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 Down 0.3 %

Shares of ENTG stock opened at $102.33 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58. The firm’s 50-day moving average is $110.72 and its 200-day moving average is $124.00. The stock has a market cap 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 52-week low of $84.13 and a 52-week high of $147.57.

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

Wall Street Analyst Weigh In

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

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).