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

Entegris, Inc. (NASDAQ:ENTG) was 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. Approximately 488,985 shares traded hands during trading, a decline of 72% from the average daily 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. Shareholders of record on Wednesday, January 29th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Entegris’s dividend payout ratio (DPR) is currently 26.49%.

Wall Street Analyst Weigh In

ENTG has been the subject of several recent analyst reports. Mizuho cut their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. UBS Group reduced their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Citigroup dropped their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Craig Hallum cut their price target on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lowered 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. One 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $134.50.

Entegris Stock Performance

The stock’s fifty day simple moving average is $103.53 and its 200-day simple moving average is $111.11. The company has a market capitalization of $16.25 billion, a price-to-earnings ratio of 71.27, a price-to-earnings-growth ratio of 1.33 and a beta of 1.24. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). The company had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 earnings per share. Analysts predict that Entegris, Inc. will post 2.95 EPS for the current year.

Institutional Investors Weigh In On Entegris

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP purchased a new stake in Entegris during the 2nd quarter worth about $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Entegris in the 3rd quarter valued at about $29,000. Blue Trust Inc. grew its position in Entegris by 221.3% during the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 239 shares during the last quarter. Fortitude Family Office LLC lifted its position in Entegris by 195.7% during the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 274 shares during the period. Finally, Covestor Ltd grew its position in Entegris by 241.8% in the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 295 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).