Entegris (NASDAQ:ENTG) Sets New 1-Year High After Dividend Announcement

Entegris Inc (NASDAQ:ENTG)’s stock price hit a new 52-week high during mid-day trading on Thursday after the company announced a dividend. The company traded as high as $48.59 and last traded at $48.12, with a volume of 6847 shares. The stock had previously closed at $47.18.

The newly announced dividend which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.66%. Entegris’s dividend payout ratio is currently 16.93%.

ENTG has been the topic of several analyst reports. Loop Capital lifted their price objective on Entegris to $51.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. They noted that the move was a valuation call. BidaskClub upgraded Entegris from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Deutsche Bank downgraded Entegris from a “buy” rating to a “hold” rating in a report on Sunday, October 6th. They noted that the move was a valuation call. Zacks Investment Research upgraded Entegris from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Tuesday, October 8th. Finally, ValuEngine downgraded Entegris from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $46.29.

The company has a debt-to-equity ratio of 0.85, a current ratio of 4.87 and a quick ratio of 3.66. The company has a market capitalization of $6.58 billion, a P/E ratio of 25.77 and a beta of 1.36. The company has a 50 day moving average of $46.22 and a 200-day moving average of $40.63.

Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, July 25th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.04). The business had revenue of $378.90 million during the quarter, compared to the consensus estimate of $382.02 million. Entegris had a return on equity of 24.13% and a net margin of 18.18%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. Research analysts predict that Entegris Inc will post 1.91 EPS for the current fiscal year.

In related news, SVP William James Shaner sold 24,294 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $44.33, for a total value of $1,076,953.02. Following the sale, the senior vice president now directly owns 25,536 shares of the company’s stock, valued at $1,132,010.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gregory B. Graves sold 25,974 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $45.00, for a total value of $1,168,830.00. Following the completion of the sale, the chief financial officer now directly owns 74,521 shares in the company, valued at $3,353,445. The disclosure for this sale can be found here. Insiders sold 72,812 shares of company stock worth $3,242,453 over the last three months. 1.50% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of ENTG. Rehmann Capital Advisory Group boosted its position in Entegris by 21.3% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,836 shares of the semiconductor company’s stock valued at $66,000 after acquiring an additional 322 shares in the last quarter. FMR LLC boosted its position in Entegris by 10.3% during the 1st quarter. FMR LLC now owns 6,330,016 shares of the semiconductor company’s stock valued at $225,918,000 after acquiring an additional 589,776 shares in the last quarter. First Trust Advisors LP boosted its position in Entegris by 270.9% during the 1st quarter. First Trust Advisors LP now owns 150,164 shares of the semiconductor company’s stock valued at $5,359,000 after acquiring an additional 109,678 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Entegris during the 2nd quarter valued at approximately $222,000. Finally, Scout Investments Inc. boosted its position in Entegris by 65.8% during the 2nd quarter. Scout Investments Inc. now owns 188,027 shares of the semiconductor company’s stock valued at $7,017,000 after acquiring an additional 74,621 shares in the last quarter.

About Entegris (NASDAQ:ENTG)

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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