Entegris (NASDAQ:ENTG) Trading Up 5.3% After Dividend Announcement

Entegris, Inc. (NASDAQ:ENTG - Get Free Report) traded up 5.3% on Thursday following a dividend announcement from the company. The company traded as high as $107.33 and last traded at $107.33. 488,985 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 1,725,333 shares. The stock had previously closed at $101.93.

The newly announced dividend which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.38%. Entegris's dividend payout ratio (DPR) is presently 26.49%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Entegris from $145.00 to $115.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Citigroup lowered their price target on shares of Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. KeyCorp reduced their price objective on shares of Entegris from $154.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, January 10th. Craig Hallum lowered their target price on shares of Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Finally, BMO Capital Markets cut their price target on Entegris from $145.00 to $135.00 and set an "outperform" rating for the company in a research note 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 issued a buy rating to the company. According to data from MarketBeat.com, Entegris presently has an average rating of "Moderate Buy" and an average target price of $134.50.

Entegris Trading Up 1.4 %

The company has a market cap of $16.06 billion, a PE ratio of 70.45, a P/E/G ratio of 1.33 and a beta of 1.24. The stock's 50 day moving average is $103.46 and its 200-day moving average is $111.07. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). The business had revenue of $807.70 million for the quarter, compared to analysts' expectations of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The firm's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 earnings per share. As a group, sell-side analysts anticipate that Entegris, Inc. will post 2.95 EPS for the current year.

Hedge Funds Weigh In On Entegris

Institutional investors and hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC bought a new stake in Entegris in the second quarter worth $276,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Entegris by 0.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 385,881 shares of the semiconductor company's stock worth $52,248,000 after acquiring an additional 1,701 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Entegris by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 632,751 shares of the semiconductor company's stock worth $85,676,000 after acquiring an additional 2,483 shares during the last quarter. Bradley Foster & Sargent Inc. CT boosted its stake in shares of Entegris by 10.9% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 32,868 shares of the semiconductor company's stock worth $4,450,000 after purchasing an additional 3,222 shares during the period. Finally, Argent Trust Co grew its holdings in Entegris by 6.5% during the 2nd quarter. Argent Trust Co now owns 4,694 shares of the semiconductor company's stock valued at $636,000 after purchasing an additional 286 shares during the last quarter.

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).