Fintel reports that on October 3, 2023, Keybanc maintained coverage of Entegris (NASDAQ:ENTG) with a Overweight recommendation.
Analyst Price Forecast Suggests 26.15% Upside
As of August 31, 2023, the average one-year price target for Entegris is 117.81. The forecasts range from a low of 94.94 to a high of $135.45. The average price target represents an increase of 26.15% from its latest reported closing price of 93.39.
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The projected annual revenue for Entegris is 3,866MM, an increase of 2.73%. The projected annual non-GAAP EPS is 3.54.
Entegris Declares $0.10 Dividend
On July 19, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of August 2, 2023 received the payment on August 23, 2023. Previously, the company paid $0.10 per share.
At the current share price of $93.39 / share, the stock's dividend yield is 0.43%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.51%, the lowest has been 0.21%, and the highest has been 1.15%. The standard deviation of yields is 0.22 (n=236).
The current dividend yield is 0.37 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.64. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.25%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 991 funds or institutions reporting positions in Entegris. This is an increase of 46 owner(s) or 4.87% in the last quarter. Average portfolio weight of all funds dedicated to ENTG is 0.36%, an increase of 21.80%. Total shares owned by institutions decreased in the last three months by 0.09% to 175,493K shares. 
The put/call ratio of ENTG is 1.56, indicating a bearish outlook.
What are Other Shareholders Doing?
Sands Capital Management holds 9,329K shares representing 6.21% ownership of the company. In it's prior filing, the firm reported owning 8,793K shares, representing an increase of 5.75%. The firm increased its portfolio allocation in ENTG by 35.14% over the last quarter.
Price T Rowe Associates holds 8,431K shares representing 5.62% ownership of the company. In it's prior filing, the firm reported owning 9,902K shares, representing a decrease of 17.44%. The firm increased its portfolio allocation in ENTG by 141.63% over the last quarter.
Select Equity Group holds 6,705K shares representing 4.47% ownership of the company. In it's prior filing, the firm reported owning 6,811K shares, representing a decrease of 1.58%. The firm increased its portfolio allocation in ENTG by 39.14% over the last quarter.
Wcm Investment Management holds 5,098K shares representing 3.40% ownership of the company. In it's prior filing, the firm reported owning 3,369K shares, representing an increase of 33.91%. The firm increased its portfolio allocation in ENTG by 92.15% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,661K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 4,623K shares, representing an increase of 0.83%. The firm increased its portfolio allocation in ENTG by 25.72% over the last quarter.
Entegris Background Information
(This description is provided by the company.)
Entegris is a world-class supplier of advanced materials and process solutions for the semiconductor and other high-technology industries. Entegris is ISO 9001 certified and has manufacturing, customer service and/or research facilities in the United States, Canada, China, France, Germany, Israel, Japan, Malaysia, Singapore, South Korea and Taiwan.
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This story originally appeared on Fintel.
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