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

Shares of Entegris, Inc. (NASDAQ:ENTG) shot up 5.3% during trading on Thursday after the company announced a dividend. The stock traded as high as $107.33 and last traded at $107.33. 488,985 shares were traded during 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. Stockholders of record on Wednesday, January 29th will be paid 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 dividend yield of 0.38%. Entegris’s dividend payout ratio (DPR) is presently 26.49%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Mizuho reduced their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Craig Hallum lowered their price target on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. UBS Group lowered their price target on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, KeyCorp lowered their price target on Entegris from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Entegris currently has a consensus rating of “Moderate Buy” and an average target price of $134.50.

Entegris Price Performance

The firm has a 50 day moving average price of $103.53 and a 200 day moving average price of $111.11. 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 has a market cap of $15.84 billion, a P/E ratio of 69.48, a P/E/G ratio of 1.33 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The company had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. During the same period last year, the business earned $0.68 EPS. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. On average, analysts forecast that Entegris, Inc. will post 2.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Quarry LP bought a new position in shares of Entegris in the second quarter worth about $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Entegris during the third quarter worth about $29,000. Blue Trust Inc. grew its position in shares of Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 239 shares in the last quarter. Fortitude Family Office LLC grew its position in shares of Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 274 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of Entegris by 241.8% during the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 295 shares in the last quarter.

About Entegris

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).