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

Entegris, Inc. (NASDAQ:ENTG) shares shot up 5.3% during mid-day trading on Thursday following a dividend announcement from the company. The stock traded as high as $107.33 and last traded at $107.33. 488,985 shares traded hands 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 $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 26.49%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. 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. Citigroup cut their target price 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. BMO Capital Markets reduced their target price on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Craig Hallum dropped their price objective on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Mizuho lowered their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. 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 MarketBeat, Entegris currently has an average rating of “Moderate Buy” and an average target price of $134.50.

Entegris Stock Up 5.6 %

The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. The business’s 50-day simple moving average is $103.53 and its 200 day simple moving average is $111.11. The firm has a market cap of $16.25 billion, a PE ratio of 71.27, a P/E/G ratio of 1.33 and a beta of 1.24.

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

Hedge Funds Weigh In On Entegris

Several institutional investors and hedge funds have recently added to or reduced their stakes in ENTG. Quarry LP bought a new stake in shares of Entegris in the 2nd quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new position in Entegris in the third quarter worth $29,000. Blue Trust Inc. grew its stake 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 buying an additional 239 shares during the last quarter. Fortitude Family Office LLC increased 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 valued at $41,000 after buying an additional 274 shares in the last quarter. Finally, Covestor Ltd raised its stake 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 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).