Entegris, Inc. (NASDAQ:ENTG – Get Free Report) announced a quarterly dividend on Wednesday, July 15th. Shareholders of record on Wednesday, July 29th will be given a dividend of 0.10 per share by the semiconductor company on Wednesday, August 19th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, July 29th.
Entegris has raised its dividend payment by an average of 0.0%per year over the last three years. Entegris has a payout ratio of 10.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Entegris to earn $4.54 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 8.8%.
Entegris Price Performance
Entegris stock opened at $138.69 on Thursday. Entegris has a 52 week low of $67.97 and a 52 week high of $186.94. The company’s 50 day moving average price is $147.00 and its two-hundred day moving average price is $130.71. The company has a quick ratio of 2.05, a current ratio of 3.21 and a debt-to-equity ratio of 0.91. The stock has a market cap of $21.15 billion, a P/E ratio of 80.17, a P/E/G ratio of 1.65 and a beta of 1.31.
Insider Transactions at Entegris
In other news, SVP Susan G. Rice sold 19,893 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $132.84, for a total transaction of $2,642,586.12. Following the transaction, the senior vice president owned 69,038 shares of the company’s stock, valued at $9,171,007.92. This represents a 22.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Olivier Blachier sold 2,000 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $140.04, for a total value of $280,080.00. Following the transaction, the senior vice president owned 34,897 shares of the company’s stock, valued at $4,886,975.88. The trade was a 5.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 88,604 shares of company stock valued at $12,560,593. 0.53% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Entegris
Several large investors have recently modified their holdings of ENTG. Freedom Financial Partners LLC increased its position in shares of Entegris by 105.8% during the fourth quarter. Freedom Financial Partners LLC now owns 34,051 shares of the semiconductor company’s stock valued at $2,869,000 after buying an additional 17,509 shares during the period. Dream Peak Capital Ltd bought a new position in shares of Entegris in the fourth quarter valued at approximately $27,025,000. SG Americas Securities LLC grew its stake in Entegris by 616.5% during the fourth quarter. SG Americas Securities LLC now owns 146,230 shares of the semiconductor company’s stock valued at $12,320,000 after acquiring an additional 125,822 shares in the last quarter. DigitalBridge Group Inc. purchased a new position in Entegris during the third quarter valued at approximately $39,420,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Entegris by 20.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 202,196 shares of the semiconductor company’s stock worth $17,035,000 after acquiring an additional 34,894 shares during the period.
About Entegris
Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.
Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.
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