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

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

Entegris has increased its dividend payment by an average of 7.7% annually over the last three years. Entegris has a dividend payout ratio of 8.5% meaning its dividend is sufficiently covered by earnings. Equities 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 traded up $2.43 during trading hours on Wednesday, hitting $101.93. The company had a trading volume of 2,080,496 shares, compared to its average volume of 1,872,400. Entegris has a 52-week low of $94.92 and a 52-week high of $147.57. 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 stock's 50 day moving average price is $103.59 and its 200 day moving average price is $111.17. The firm has a market cap of $15.39 billion, a P/E ratio of 67.50, a P/E/G ratio of 1.76 and a beta of 1.24.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). The company had revenue of $807.70 million during the quarter, compared to analysts' expectations of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. Entegris's revenue for the quarter was down 9.1% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. On average, research analysts predict that Entegris will post 2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ENTG shares. UBS Group lowered their price target on shares of Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. Craig Hallum lowered 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. Citigroup cut their target price on Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. Mizuho reduced their price target on Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Finally, KeyCorp dropped their price objective on Entegris from $154.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Entegris currently has a consensus 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).