Entegris (ENTG) Reaches $29.60 After 8.00% Up Move; 3 Bullish Analysts Covering First Bancorp (FBP)

October 12, 2017 - By Adrian Mccoy

The stock of Entegris Inc (NASDAQ:ENTG) is a huge mover today! About 150,746 shares traded. Entegris Inc (NASDAQ:ENTG) has risen 78.11% since October 12, 2016 and is uptrending. It has outperformed by 61.41% the S&P500.The move comes after 6 months positive chart setup for the $4.20 billion company. It was reported on Oct, 12 by Barchart.com. We have $31.97 PT which if reached, will make NASDAQ:ENTG worth $336.00 million more.

Among 5 analysts covering First Bancorp (NYSE:FBP), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. First Bancorp had 7 analyst reports since July 27, 2015 according to SRatingsIntel. On Friday, October 6 the stock rating was maintained by Piper Jaffray with “Buy”. The stock has “Neutral” rating by Citigroup on Wednesday, February 8. The stock of First Bancorp (NYSE:FBP) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, October 4. The firm has “Buy” rating by Guggenheim given on Monday, July 27. Keefe Bruyette & Woods maintained the shares of FBP in report on Wednesday, October 14 with “Outperform” rating. The firm has “Overweight” rating given on Friday, April 8 by Piper Jaffray. See First Bancorp (NYSE:FBP) latest ratings:

06/10/2017 Broker: Piper Jaffray Rating: Buy New Target: $9.0 Maintain
04/10/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $7.5 Maintain

Since May 1, 2017, it had 0 insider buys, and 3 insider sales for $611,195 activity. RIVERA NAYDA sold 26,081 shares worth $157,790. Odell Lawrence sold 25,000 shares worth $152,500. 50,000 shares valued at $300,905 were sold by Berges Gonzalez Orlando on Monday, May 1.

First BanCorp. is a financial holding company. The company has market cap of $1.05 billion. As of December 31, 2016, the Company controlled two subsidiaries: FirstBank Puerto Rico and FirstBank Insurance Agency, Inc. (FirstBank Insurance Agency). It has a 10.63 P/E ratio.

Investors sentiment decreased to 1.63 in Q2 2017. Its down 0.11, from 1.74 in 2017Q1. It dropped, as 23 investors sold First Bancorp shares while 37 reduced holdings. 27 funds opened positions while 71 raised stakes. 196.07 million shares or 6.75% more from 183.66 million shares in 2017Q1 were reported. Vanguard Gru Inc has invested 0% in First Bancorp (NYSE:FBP). State Bank Of Ny Mellon reported 3.49M shares stake. Thrivent Fin For Lutherans owns 0.06% invested in First Bancorp (NYSE:FBP) for 2.62 million shares. Hanseatic Management Svcs invested 0.01% in First Bancorp (NYSE:FBP). Zacks Investment stated it has 0.03% of its portfolio in First Bancorp (NYSE:FBP). North Star invested in 0% or 2,666 shares. Sei Investments Com has invested 0% in First Bancorp (NYSE:FBP). Arizona State Retirement System owns 81,972 shares. Comerica Bankshares accumulated 164,947 shares. Point72 Asset Mngmt L P accumulated 0.06% or 1.91 million shares. Parallax Volatility Advisers Ltd Partnership invested in 0% or 3,303 shares. 64,000 are owned by Louisiana State Employees Retirement System. Mason Street Ltd Liability Com holds 38,783 shares. Principal Inc has invested 0.01% in First Bancorp (NYSE:FBP). Riverhead Cap Mngmt Ltd Company accumulated 12,361 shares or 0% of the stock.

About 730,493 shares traded. First Bancorp (NYSE:FBP) has risen 32.84% since October 12, 2016 and is uptrending. It has outperformed by 16.14% the S&P500.

Investors sentiment increased to 1.72 in Q2 2017. Its up 0.64, from 1.08 in 2017Q1. It increased, as 14 investors sold Entegris Inc shares while 62 reduced holdings. 43 funds opened positions while 88 raised stakes. 133.74 million shares or 1.45% less from 135.71 million shares in 2017Q1 were reported. Sei Investments Com invested in 143,459 shares or 0.01% of the stock. Evercore Wealth Management Llc has 0% invested in Entegris Inc (NASDAQ:ENTG). Origin Asset Mngmt Ltd Liability Partnership holds 18,262 shares or 0.02% of its portfolio. Acadian Asset Management Limited Liability Company has 0.02% invested in Entegris Inc (NASDAQ:ENTG) for 179,073 shares. Thrivent Financial For Lutherans stated it has 67,760 shares. Capstone Inv Advisors Limited Liability Corporation has invested 0.01% of its portfolio in Entegris Inc (NASDAQ:ENTG). Moreover, Commonwealth Equity Services has 0% invested in Entegris Inc (NASDAQ:ENTG). Jpmorgan Chase & Commerce has 0% invested in Entegris Inc (NASDAQ:ENTG). Federated Incorporated Pa has 78,155 shares for 0% of their portfolio. Hillsdale Investment Mngmt holds 44,290 shares. Needham Inv Mngmt Ltd Liability Corp owns 552,000 shares. Thompson Davis And holds 0.09% of its portfolio in Entegris Inc (NASDAQ:ENTG) for 2,608 shares. The New York-based Rothschild Asset Management Inc has invested 0.14% in Entegris Inc (NASDAQ:ENTG). Price T Rowe Associates Md holds 0.01% or 3.05M shares. Thompson Siegel & Walmsley Limited Liability reported 236,218 shares or 0.06% of all its holdings.

Analysts await Entegris Inc (NASDAQ:ENTG) to report earnings on October, 26 before the open. They expect $0.34 earnings per share, up 41.67% or $0.10 from last year’s $0.24 per share. ENTG’s profit will be $48.24M for 21.76 P/E if the $0.34 EPS becomes a reality. After $0.34 actual earnings per share reported by Entegris Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Entegris, Inc. is a global developer, maker and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The company has market cap of $4.20 billion. The Firm operates in three business divisions: Specialty Chemicals and Engineered Materials , Advanced Materials Handling (AMH) and Microcontamination Control (MC). It has a 35.08 P/E ratio. The SCEM segment provides process chemistries, gases, materials and delivery systems to support semiconductor and other manufacturing processes.

Since May 1, 2017, it had 0 insider purchases, and 6 sales for $1.30 million activity. $294,536 worth of Entegris Inc (NASDAQ:ENTG) was sold by Marshall Gregory Bryan on Tuesday, May 2. Shares for $478,219 were sold by Edlund Todd James. $111,586 worth of Entegris Inc (NASDAQ:ENTG) shares were sold by Murphy John J. LEDERER JAMES P had sold 3,391 shares worth $84,012. On Friday, June 2 the insider SULLIVAN BRIAN F sold $252,694. CHRISTMAN DANIEL W also sold $80,109 worth of Entegris Inc (NASDAQ:ENTG) shares.

Among 9 analysts covering Entegris (NASDAQ:ENTG), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Entegris has $35 highest and $15 lowest target. $26.13’s average target is -11.72% below currents $29.6 stock price. Entegris had 13 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Thursday, January 26 with “Buy”. The firm earned “Hold” rating on Monday, November 21 by Needham. The rating was maintained by Dougherty & Company on Friday, February 3 with “Buy”. The stock of Entegris Inc (NASDAQ:ENTG) has “Buy” rating given on Monday, September 18 by Needham. As per Thursday, July 13, the company rating was maintained by Stifel Nicolaus. The stock of Entegris Inc (NASDAQ:ENTG) earned “Overweight” rating by Pacific Crest on Monday, January 25. Dougherty & Company upgraded the stock to “Buy” rating in Thursday, October 27 report. The stock has “Buy” rating by Needham on Monday, March 13. The company was initiated on Friday, February 10 by Goldman Sachs.

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