Entegris, Inc. (NASDAQ:ENTG) to Issue $0.10 Quarterly Dividend

Entegris, Inc. (NASDAQ:ENTG - Get Free Report) declared a quarterly dividend on Wednesday, October 16th, Zacks reports. Shareholders of record on Wednesday, October 30th will be given a dividend of 0.10 per share by the semiconductor company on Wednesday, November 20th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend is Wednesday, October 30th.

Entegris has increased its dividend payment by an average of 7.7% annually over the last three years. Entegris has a payout ratio of 9.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Entegris to earn $4.23 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 9.5%.

Entegris Stock Up 1.8 %

Shares of NASDAQ ENTG traded up $1.83 during mid-day trading on Thursday, hitting $104.16. The company had a trading volume of 3,740,211 shares, compared to its average volume of 1,626,074. The business's 50-day simple moving average is $110.72 and its 200 day simple moving average is $124.00. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. Entegris has a 1-year low of $84.13 and a 1-year high of $147.57. The company has a market capitalization of $15.71 billion, a PE ratio of 50.08, a price-to-earnings-growth ratio of 1.48 and a beta of 1.24.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.01. The business had revenue of $812.60 million during the quarter, compared to the consensus estimate of $802.43 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The business's revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. On average, analysts predict that Entegris will post 3.13 earnings per share for the current year.

Analysts Set New Price Targets

ENTG has been the subject of a number of analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $150.00 target price on shares of Entegris in a research note on Thursday, August 1st. Mizuho raised Entegris from a "neutral" rating to an "outperform" rating and set a $143.00 price objective for the company in a research report on Thursday, August 1st. BMO Capital Markets cut their target price on Entegris from $160.00 to $145.00 and set an "outperform" rating on the stock in a research report on Thursday, August 1st. Citigroup raised Entegris from a "neutral" rating to a "buy" rating and upped their price target for the company from $119.00 to $130.00 in a report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Entegris from $160.00 to $145.00 and set a "buy" rating on the stock in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Entegris has an average rating of "Moderate Buy" and an average target price of $146.40.

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).