Entegris Inc (ENTG) to Issue $0.07 Quarterly Dividend

Entegris Inc (NASDAQ:ENTG) announced a quarterly dividend on Thursday, April 18th, Wall Street Journal reports. Shareholders of record on Wednesday, May 1st will be paid a dividend of 0.07 per share by the semiconductor company on Wednesday, May 22nd. This represents a $0.28 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, April 30th.

NASDAQ ENTG traded down $0.61 during trading on Friday, hitting $39.08. The company’s stock had a trading volume of 1,503,649 shares, compared to its average volume of 1,449,527. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.06 and a current ratio of 4.34. Entegris has a fifty-two week low of $23.39 and a fifty-two week high of $42.01. The company has a market cap of $5.38 billion, a PE ratio of 20.68 and a beta of 1.35.

Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, April 25th. The semiconductor company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.03. Entegris had a return on equity of 26.00% and a net margin of 13.71%. The firm had revenue of $391.00 million during the quarter, compared to the consensus estimate of $400.43 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts predict that Entegris will post 1.94 earnings per share for the current fiscal year.

In other Entegris news, VP Michael Sauer sold 3,788 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $36.61, for a total transaction of $138,678.68. Following the transaction, the vice president now owns 12,782 shares of the company’s stock, valued at $467,949.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gregory B. Graves sold 37,167 shares of the business’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $34.24, for a total value of $1,272,598.08. Following the transaction, the chief financial officer now directly owns 67,126 shares in the company, valued at approximately $2,298,394.24. The disclosure for this sale can be found here. Insiders have sold 134,644 shares of company stock valued at $5,011,336 over the last quarter. 1.50% of the stock is owned by company insiders.

A number of equities research analysts recently commented on ENTG shares. Loop Capital set a $51.00 target price on Entegris and gave the stock a “buy” rating in a report on Tuesday, January 29th. BidaskClub raised Entegris from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. ValuEngine raised Entegris from a “hold” rating to a “buy” rating in a report on Wednesday, February 27th. Berenberg Bank initiated coverage on Entegris in a report on Thursday, March 21st. They issued a “buy” rating and a $43.00 price target for the company. Finally, Deutsche Bank boosted their price target on Entegris from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $42.38.

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About Entegris

Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

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Dividend History for Entegris (NASDAQ:ENTG)

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