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

Entegris, Inc. (NASDAQ:ENTG) announced a quarterly dividend on Wednesday, January 15th,RTT News reports. Investors 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 dividend yield of 0.39%.

Entegris has raised its dividend by an average of 7.7% per year over the last three years. Entegris has a payout ratio of 8.5% indicating that 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 Trading Up 2.4 %

Shares of ENTG stock opened at $101.93 on Thursday. Entegris has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. The stock’s fifty day moving average is $103.59 and its two-hundred day moving average is $111.17. The firm has a market capitalization of $15.39 billion, a P/E ratio of 67.50, a PEG ratio of 1.76 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last posted its quarterly 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 business had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. During the same period in the prior year, the business posted $0.68 earnings per share. The business’s quarterly revenue was down 9.1% on a year-over-year basis. Research analysts expect that Entegris will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Craig Hallum cut their price target on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Mizuho dropped their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. BMO Capital Markets cut their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. UBS Group decreased their target price on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.50.

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).