Entegris, Inc. (NASDAQ:ENTG) declared a quarterly dividend on Wednesday, October 13th, Zacks reports. Shareholders of record on Wednesday, October 27th will be paid a dividend of 0.08 per share by the semiconductor company on Wednesday, November 17th. This represents a $0.32 annualized dividend and a yield of 0.26%. The ex-dividend date is Tuesday, October 26th.
Entegris has raised its dividend payment by 357.1% over the last three years and has increased its dividend annually for the last 1 consecutive years. Entegris has a payout ratio of 9.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Entegris to earn $3.81 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 8.4%.
Shares of Entegris stock opened at $121.11 on Thursday. The stock’s fifty day moving average is $121.90 and its two-hundred day moving average is $117.84. The company has a market capitalization of $16.42 billion, a PE ratio of 48.83 and a beta of 1.22. The company has a quick ratio of 2.96, a current ratio of 4.45 and a debt-to-equity ratio of 0.62. Entegris has a 52 week low of $74.14 and a 52 week high of $135.99.
In related news, Director Paul L. H. Olson sold 2,000 shares of the company’s stock in a transaction on Wednesday, September 15th. The stock was sold at an average price of $129.05, for a total transaction of $258,100.00. Following the completion of the sale, the director now directly owns 21,774 shares in the company, valued at approximately $2,809,934.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bertrand Loy sold 23,710 shares of the stock in a transaction dated Wednesday, August 11th. The shares were sold at an average price of $116.66, for a total value of $2,766,008.60. The disclosure for this sale can be found here. Insiders have sold a total of 77,015 shares of company stock valued at $9,493,383 over the last 90 days. 1.30% of the stock is currently owned by company insiders.
A hedge fund recently raised its stake in Entegris stock. Morgan Stanley raised its holdings in Entegris, Inc. (NASDAQ:ENTG) by 25.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 123,265 shares of the semiconductor company’s stock after buying an additional 25,227 shares during the quarter. Morgan Stanley owned about 0.09% of Entegris worth $15,159,000 at the end of the most recent reporting period. 96.40% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have weighed in on ENTG. Zacks Investment Research upgraded Entegris from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a report on Wednesday, October 6th. Craig Hallum upped their target price on Entegris from $100.00 to $115.00 and gave the stock a “hold” rating in a report on Wednesday, July 28th. Finally, Mizuho began coverage on Entegris in a report on Tuesday. They issued a “neutral” rating and a $128.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Entegris currently has a consensus rating of “Buy” and a consensus price target of $116.27.
Entegris, Inc engages in the development, manufacture, and supply of specialty materials for microelectronics industry. It operates through the following business segments: Specialty Chemicals and Engineered Materials (SCEM); Advanced Materials Handling (AMH); and Microcontamination Control (MC). The SCEM segment provides purity process chemistries, gases, and materials and delivery systems to support semiconductor and other advance manufacturing processes.
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