Entegris, Inc. (NASDAQ:ENTG – Get Free Report) announced a quarterly dividend on Wednesday, October 14th. Shareholders of record on Wednesday, October 28th will be given a dividend of $0.10 per share by the semiconductor company on Wednesday, November 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, October 28th.
Entegris has a payout ratio of 10.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Entegris to earn $4.96 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 8.1%.
Entegris Stock Performance
NASDAQ:ENTG opened at $153.08 on Thursday. The company has a market cap of $23.34 billion, a price-to-earnings ratio of 76.92, a PEG ratio of 1.48 and a beta of 1.40. Entegris has a fifty-two week low of $67.97 and a fifty-two week high of $186.94. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.85 and a current ratio of 3.05. The stock has a fifty day moving average price of $147.71 and a 200-day moving average price of $143.32.
Insiders Place Their Bets
In other Entegris news, SVP Susan G. Rice sold 2,062 shares of Entegris stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $149.52, for a total value of $308,310.24. Following the completion of the sale, the senior vice president directly owned 66,976 shares of the company’s stock, valued at approximately $10,014,251.52. The trade was a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Joseph Colella sold 3,916 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $164.48, for a total transaction of $644,103.68. Following the transaction, the senior vice president owned 50,297 shares in the company, valued at $8,272,850.56. This represents a 7.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 7,978 shares of company stock worth $1,273,734. 0.53% of the stock is currently owned by company insiders.
Institutional Trading of Entegris
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENTG. ZWJ Investment Counsel Inc. boosted its holdings in Entegris by 4.9% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 2,636 shares of the semiconductor company’s stock worth $406,000 after acquiring an additional 123 shares during the last quarter. Mather Group LLC. grew its stake in shares of Entegris by 69.4% in the 3rd quarter. Mather Group LLC. now owns 1,001 shares of the semiconductor company’s stock worth $154,000 after acquiring an additional 410 shares in the last quarter. Fortitude Family Office LLC raised its holdings in shares of Entegris by 25.9% in the third quarter. Fortitude Family Office LLC now owns 511 shares of the semiconductor company’s stock valued at $79,000 after purchasing an additional 105 shares during the last quarter. Generate Investment Management Ltd purchased a new stake in shares of Entegris in the third quarter valued at about $16,893,000. Finally, Salem Investment Counselors Inc. raised its holdings in shares of Entegris by 4.2% in the third quarter. Salem Investment Counselors Inc. now owns 80,804 shares of the semiconductor company’s stock valued at $12,449,000 after purchasing an additional 3,250 shares during the last quarter.
Entegris Company Profile
Entegris, Inc is a global supplier of advanced materials and process solutions used in the semiconductor and other high-technology industries. The company helps manufacturers protect, purify, transport and process the highly sensitive materials used to produce integrated circuits, memory devices and other electronic components.
Its products and services include specialty chemicals and gases, liquid and gas filtration systems, wafer-handling and wafer-shipping products, contamination-control solutions, chemical-mechanical planarization materials, deposition materials and solutions for semiconductor packaging.
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