Microchip Technology (MCHP) Earning Somewhat Favorable News Coverage, Analysis Finds

Joanna Estrada
January 13, 2018

The semiconductor company reported $1.41 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.27 by $0.14. The stock decreased 2.71% or $0.4 during the last trading session, reaching $14.35. Following the completion of the sale, the vice president now owns 15,767 shares in the company, valued at approximately $1,445,203.22. Foundation Medicine, Inc. (FMI) has risen 124.70% since January 12, 2017 and is uptrending. It has underperformed by 32.35% the S&P500.

Cullinan Associates Inc decreased its stake in Microchip (MCHP) by 79.13% based on its latest 2017Q3 regulatory filing with the SEC. Connable Office Inc sold 12,088 shares as the company's stock rose 11.86% with the market. Commonwealth Bank of Australia now owns 2,124 shares of the semiconductor company's stock valued at $163,000 after purchasing an additional 29 shares in the last quarter. Davidson Investment Advisors who had been investing in Microchip Technology Inc for a number of months, seems to be less bullish one the $21.86 billion market cap company.

Microchip Technology (NASDAQ MCHP) traded up $1.33 during midday trading on Monday, hitting $93.44. About 1.08M shares traded. It has outperformed by 51.60% the S&P500. Jefferies Group lifted their price objective on shares of Microchip Technology from $106.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, November 7th. Therefore 63% are positive. AZZ had 9 analyst reports since September 1, 2015 according to SRatingsIntel. The stock has "Buy" rating by CLSA on Tuesday, May 17. The other 12 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. The firm earned "Buy" rating on Tuesday, August 9 by Citigroup. The rating was maintained by Mizuho with "Neutral" on Wednesday, February 8. Needham maintained the shares of MCHP in report on Thursday, September 7 with "Buy" rating. Stifel Nicolaus maintained the stock with "Buy" rating in Tuesday, November 7 report. (NASDAQ:UCBI) earned "Hold" rating by Stephens on Tuesday, June 27. The firm has "Buy" rating by Needham given on Monday, January 18. Stifel Nicolaus maintained the stock with "Buy" rating in Tuesday, June 6 report.

Since August 15, 2017, it had 0 insider purchases, and 5 selling transactions for $963,084 activity. The insider LITTLE MITCHELL R sold 2,391 shares worth $195,799. The stock was sold at an average price of $91.66, for a total value of $165,079.66. Shares for $200,876 were sold by Bjornholt James Eric. Syntal Capital Prns Lc has invested 0.6% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). They expect $1.27 EPS, up 27.00% or $0.27 from last year's $1 per share. MCHP's profit would be $297.06 million giving it 18.39 P/E if the $1.27 EPS is correct. After $1.37 actual earnings per share reported by Microchip Technology Incorporated for the previous quarter, Wall Street now forecasts -7.30% negative EPS growth.

Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.15, from 1 in 2017Q2. It improved, as 25 investors sold MCHP shares while 231 reduced holdings.

TRADEMARK VIOLATION NOTICE: "Jaffetilchin Investment Partners LLC Raises Position in Microchip Technology Inc". 239.62 million shares or 1.85% more from 235.26 million shares in 2017Q2 were reported. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 3.30 as current ratio and on the opponent side the debt to equity ratio was 0.85 and long-term debt to equity ratio also remained 0.85. Fred Alger Management stated it has 3.22M shares. California Public Employees Retirement Systems has invested 0.01% of its portfolio in Black Hills Corporation (NYSE:BKH). Gamco Investors Inc Et Al owns 341,826 shares. Osterweis Capital Management Inc owns 775,475 shares or 2.99% of their U.S. portfolio. 315,000 are owned by State Of New Jersey Common Pension Fund D. Sigma Planning accumulated 0.04% or 4,896 shares. Gabelli Funds Ltd Liability Corp has 0.03% invested in AZZ Inc. Laurion Cap Mngmt Lp holds 0.02% in Microchip Technology Incorporated (NASDAQ:MCHP) or 40,717 shares. Morgan Stanley upgraded Microchip Technology Incorporated (NASDAQ:MCHP) rating on Tuesday, January 19. Therefore 67% are positive. AMAG Pharmaceuticals had 34 analyst reports since August 18, 2015 according to SRatingsIntel. The company was downgraded on Friday, October 6 by Williams Capital Group. The firm earned "Market Perform" rating on Wednesday, May 4 by Raymond James. The firm has "Buy" rating by Drexel Hamilton given on Monday, August 24. The stock has "Hold" rating by Deutsche Bank on Thursday, September 3. The Minnesota-based Us Natl Bank De has invested 0.1% in Microchip Technology Incorporated (NASDAQ:MCHP). The stock has "Buy" rating by Williams Capital Group on Wednesday, January 10.

Investors sentiment increased to 1.55 in 2017 Q3. Its up 0.15, from 1 in 2017Q2. It improved, as 23 investors sold ACXM shares while 43 reduced holdings. 30 funds opened positions while 72 raised stakes. Barrett Asset Mngmt Llc holds 0% or 275 shares in its portfolio. Jaffetilchin Investment Partners LLC's holdings in Microchip Technology were worth $429,000 at the end of the most recent quarter. Bridgeway Capital Management has 0.04% invested in Entercom Communications Corp. (NASDAQ:AMAG) for 9,158 shares. Deutsche Bankshares Ag stated it has 620,470 shares.

The company's ATR (Average True Range) is 1.63. Cleararc has 0.08% invested in Microchip Technology Incorporated (NASDAQ:MCHP). (NASDAQ:CTWS) for 1,473 shares. Tiaa Cref Management Ltd Liability Company, a New York-based fund reported 157,438 shares. Credit Suisse Ag invested in 50,748 shares or 0% of the stock. Citadel Limited Liability holds 3,495 shares. Fenimore Asset Mgmt Inc has 3.31% invested in Microchip Technology Incorporated (NASDAQ:MCHP).

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