Entegris, Inc. Declares Special Dividend of $0.07 (ENTG)
Entegris, Inc. (NASDAQ:ENTG) announced a special dividend on Thursday, October 19th, Wall Street Journal reports. Stockholders of record on Wednesday, November 1st will be given a dividend of 0.07 per share by the semiconductor company on Wednesday, November 22nd. The ex-dividend date is Tuesday, October 31st.
Entegris (NASDAQ ENTG) traded down 0.98% during midday trading on Thursday, hitting $30.20. 574,506 shares of the stock were exchanged. Entegris has a 1-year low of $14.73 and a 1-year high of $30.60. The company’s 50 day moving average is $28.03 and its 200 day moving average is $25.24. The company has a market capitalization of $4.28 billion, a P/E ratio of 35.91 and a beta of 1.52.
Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.05. The company had revenue of $329.00 million for the quarter, compared to analysts’ expectations of $324.51 million. Entegris had a net margin of 9.63% and a return on equity of 17.04%. Entegris’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. Analysts predict that Entegris will post $1.28 earnings per share for the current fiscal year.
In related news, CFO Gregory B. Graves sold 19,712 shares of Entegris stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $26.21, for a total transaction of $516,651.52. Following the sale, the chief financial officer now owns 61,546 shares of the company’s stock, valued at approximately $1,613,120.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Corey Rucci sold 15,000 shares of Entegris stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $26.25, for a total value of $393,750.00. Following the sale, the vice president now directly owns 25,964 shares in the company, valued at approximately $681,555. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,263 shares of company stock worth $1,248,543. Insiders own 1.70% of the company’s stock.
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Several analysts have issued reports on ENTG shares. Loop Capital started coverage on Entegris in a research note on Thursday, September 28th. They issued a “buy” rating and a $35.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $29.00 target price on shares of Entegris in a research note on Tuesday, September 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $29.00 target price (up previously from $28.00) on shares of Entegris in a research note on Sunday, July 30th. Dougherty & Co upped their target price on Entegris from $27.50 to $30.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, BidaskClub raised Entegris from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Entegris has an average rating of “Buy” and an average target price of $29.40.
Entegris Company Profile
Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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