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

Entegris, Inc. (NASDAQ:ENTG)’s stock price shot up 5.3% during mid-day trading on Thursday following a dividend announcement from the company. The company traded as high as $107.33 and last traded at $107.33. 488,985 shares were traded during mid-day 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. Investors of record on Wednesday, January 29th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Wednesday, January 29th. Entegris’s dividend payout ratio (DPR) is currently 26.49%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ENTG. UBS Group decreased their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Citigroup decreased their price objective on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Mizuho reduced their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reduced their target price on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, KeyCorp reduced their target price on Entegris from $154.00 to $150.00 and set an “overweight” rating for the company 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.50.

Entegris Stock Up 2.9 %

The company has a fifty day moving average price of $103.53 and a 200 day moving average price of $111.11. The company has a market cap of $15.84 billion, a PE ratio of 69.48, a price-to-earnings-growth ratio of 1.33 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83.

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

Institutional Trading of Entegris

Hedge funds have recently bought and sold shares of the company. Quarry LP bought a new stake in Entegris in the second quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new stake in Entegris in the third quarter valued at approximately $29,000. Blue Trust Inc. lifted its position in Entegris by 221.3% in the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 239 shares during the last quarter. Fortitude Family Office LLC lifted its position in Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 274 shares during the last quarter. Finally, Covestor Ltd lifted its position in Entegris by 241.8% in the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after purchasing 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).