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

Entegris, Inc. (NASDAQ:ENTG) announced a quarterly dividend on Wednesday, January 15th,RTT News reports. Shareholders of record on Wednesday, January 29th will be paid a dividend of 0.10 per share by the semiconductor company on Wednesday, February 19th. This represents a $0.40 annualized dividend and a yield of 0.39%.

Entegris has raised its dividend payment by an average of 7.7% per year over the last three years. Entegris has a payout ratio of 8.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Entegris to earn $3.90 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 10.3%.

Entegris Stock Performance

ENTG opened at $101.93 on Thursday. The company has a market cap of $15.39 billion, a P/E ratio of 67.50, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The firm’s 50-day moving average price is $103.59 and its 200-day moving average price is $111.17. Entegris has a 52-week low of $94.92 and a 52-week high of $147.57.

Entegris (NASDAQ:ENTG) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The company had revenue of $807.70 million for the quarter, compared to analysts’ expectations of $832.44 million. During the same period in the prior year, the firm posted $0.68 EPS. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. As a group, equities analysts anticipate that Entegris will post 2.99 EPS for the current fiscal year.

Analyst Ratings Changes

ENTG has been the topic of several research analyst reports. Citigroup dropped their price target on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Craig Hallum decreased their price objective on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. UBS Group cut their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. KeyCorp lowered their price target on shares of Entegris from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Finally, BMO Capital Markets reduced their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $134.50.

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).