Shares of Entegris Inc (NASDAQ:ENTG) reached a new 52-week high on Thursday after the company announced a dividend. The stock 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. Shareholders of record on Wednesday, October 30th will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.66%. Entegris’s payout ratio is 16.93%.
A number of brokerages have commented on ENTG. Citigroup set a $45.00 price objective on Entegris and gave the company a “hold” rating in a research report on Friday, July 26th. 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 research report on Tuesday, October 8th. Deutsche Bank lowered Entegris from a “buy” rating to a “hold” rating in a research report on Sunday, October 6th. They noted that the move was a valuation call. ValuEngine lowered Entegris from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BidaskClub upgraded Entegris from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Entegris currently has an average rating of “Buy” and a consensus price target of $46.29.
Entegris (NASDAQ:ENTG) last posted its quarterly 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). Entegris had a return on equity of 24.13% and a net margin of 18.18%. The company had revenue of $378.90 million during the quarter, compared to the consensus estimate of $382.02 million. During the same quarter in the prior year, the business earned $0.49 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities analysts predict that Entegris Inc will post 1.91 EPS for the current year.
In related news, SVP William James Shaner sold 24,294 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $44.33, for a total transaction of $1,076,953.02. Following the sale, the senior vice president now owns 25,536 shares of the company’s stock, valued at approximately $1,132,010.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gregory B. Graves sold 25,974 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now directly owns 74,521 shares in the company, valued at approximately $3,353,445. The disclosure for this sale can be found here. Insiders sold a total of 72,812 shares of company stock worth $3,242,453 over the last 90 days. 1.50% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of ENTG. SRS Capital Advisors Inc. acquired a new stake in Entegris during the 2nd quarter worth $43,000. Rehmann Capital Advisory Group raised its stake in Entegris by 21.3% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,836 shares of the semiconductor company’s stock worth $66,000 after buying an additional 322 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in Entegris during the 2nd quarter worth $70,000. FNY Investment Advisers LLC acquired a new stake in Entegris during the 2nd quarter worth $80,000. Finally, Neo Ivy Capital Management acquired a new stake in Entegris during the 2nd quarter worth $86,000.
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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