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

Entegris, Inc. (NASDAQ:ENTG) declared a quarterly dividend on Wednesday, January 15th,RTT News reports. Investors of record on Wednesday, January 29th will be given 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 0.38%. The ex-dividend date of this dividend is Wednesday, January 29th.

Entegris has increased its dividend by an average of 7.7% annually over the last three years. Entegris has a payout ratio of 8.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Entegris to earn $3.63 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 11.0%.

Entegris Stock Down 1.6 %

NASDAQ ENTG opened at $104.19 on Monday. 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 has a market cap of $15.73 billion, a PE ratio of 69.00, a P/E/G ratio of 1.46 and a beta of 1.24. The business’s fifty day simple moving average is $103.80 and its 200-day simple moving average is $109.26. Entegris has a 52 week low of $94.92 and a 52 week high of $147.57.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The firm had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. During the same period in the previous year, the firm posted $0.68 earnings per share. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. As a group, equities analysts anticipate that Entegris will post 2.94 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. KeyCorp dropped their price target on shares of Entegris from $154.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Mizuho decreased their target price on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Citigroup dropped their target price on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, Craig Hallum reduced 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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).