Analysts Anticipate Microchip Technology Inc

Saturday, 13 Jan, 2018

During the same period in the previous year, the company earned $0.94 EPS. sell-side analysts expect that Microchip Technology will post 5.12 earnings per share for the current year. Cookson Peirce & Co Inc who had been investing in Microchip Technology Inc for a number of months, seems to be bullish on the $21.84B market cap company. The stock increased 1.44% or $1.33 during the last trading session, reaching $93.44. 1,271,326 shares of the stock traded hands, compared to its average volume of 1,422,682.

Microchip Technology (NASDAQ:MCHP) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a report released on Friday, January 5th. It has outperformed by 51.60% the S&P500.

Cramer Rosenthal Mcglynn Llc increased its stake in Acxiom Corporation (ACXM) by 20.37% based on its latest 2017Q3 regulatory filing with the SEC. Market capitalization is simply the value that can get when multiply all the outstanding shares of a stock by the price of a single share. The institutional investor held 41,521 shares of the public utilities company at the end of 2017Q3, valued at $2.46 million, down from 59,592 at the end of the previous reported quarter. Meiji Yasuda Life Insurance Co now owns 16,221 shares of the semiconductor company's stock valued at $1,252,000 after purchasing an additional 100 shares in the last quarter. About 663,273 shares traded or 11.38% up from the average. Connecticut Water Service, Inc. Also Medgadget.com published the news titled: "Interview with Marten Smith of Microchip Technology Inc.'s Medical Products Group" on December 13, 2017. It has underperformed by 4.32% the S&P500. Daiwa Group Incorporated Inc owns 0.01% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 21,450 shares. MCHP's profit would be $297.06 million giving it 18.39 P/E if the $1.27 EPS is correct. Fred Alger Management Inc. increased its stake in shares of Microchip Technology by 80.9% in the second quarter.

Cramer Rosenthal Mcglynn Llc, which manages about $14.64 billion and $6.26 billion US Long portfolio, decreased its stake in Rpm International (NYSE:RPM) by 31,860 shares to 636,014 shares, valued at $32.65M in 2017Q3, according to the filing. (NYSE:EAT) by 1.52% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Its up 0.15, from 1 in 2017Q2.

Several other institutional investors have also recently added to or reduced their stakes in MCHP.

TRADEMARK VIOLATION NOTICE: "Jaffetilchin Investment Partners LLC Raises Position in Microchip Technology Inc". Osterweis Capital Management Inc owns 775,475 shares or 2.99% of their United States portfolio. 12,591 were reported by Marshall Wace Llp. Barrow Hanley Mewhinney And Strauss Ltd Liability has invested 0.52% in Microchip Technology Incorporated (NASDAQ:MCHP). (NYSE:AZZ). Ubs Asset Mngmt Americas Incorporated accumulated 14,202 shares or 0% of the stock.

Microchip Technology Incorporated is engaged in developing, manufacturing and selling specialized semiconductor products used by its customers for a range of embedded control applications. Pennsylvania-based Zeke Cap Advsr Ltd Company has invested 0.04% in Microchip Technology Incorporated (NASDAQ:MCHP). Invesco stated it has 70,367 shares. Employees Retirement Sys Of Texas stated it has 0.24% in Microchip Technology Incorporated (NASDAQ:MCHP). Laurion Cap Ltd Partnership holds 0.02% or 40,717 shares. First Midwest State Bank Division owns 5,185 shares. Franklin Inc holds 0.09% in Microchip Technology Incorporated (NASDAQ:MCHP) or 2.00M shares. J Goldman & Lp reported 0.02% in Microchip Technology Incorporated (NASDAQ:MCHP). Keel Point LLC now owns 3,694 shares of the semiconductor company's stock valued at $285,000 after purchasing an additional 119 shares in the last quarter. They study the diverse factor and after that study issue different rating to concerning stock whether it is time to sell or buy or even hold the stock. Therefore 78% are positive. During the same period in the prior year, the firm posted $0.94 EPS. research analysts anticipate that Microchip Technology Inc. will post 5.12 earnings per share for the current year. Needham maintained the shares of MCHP in report on Monday, June 12 with "Buy" rating. Finally, Jefferies Group increased their price target on shares of Microchip Technology from $106.00 to $110.00 and gave the company a buy rating in a research report on Tuesday, November 7th. The firm has "Buy" rating by Jefferies given on Tuesday, November 7. On Friday, August 4 the stock rating was maintained by Needham with "Buy". Stifel Nicolaus maintained the stock with "Buy" rating in Wednesday, November 30 report. On Thursday, August 3 the stock rating was maintained by Stifel Nicolaus with "Buy". The firm has "Buy" rating by Jefferies given on Wednesday, August 5. (NYSE:AZZ) earned "Neutral" rating by Sidoti on Monday, October 12. JPMorgan Chase & Co. reissued an "overweight" rating and issued a $120.00 price target on shares of Microchip Technology in a research report on Tuesday, November 7th.

Since August 15, 2017, it had 0 insider buys, and 5 insider sales for $963,084 activity. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) earned "Hold" rating by Mizuho on Tuesday, June 6. LITTLE MITCHELL R sold $195,799 worth of stock or 2,391 shares. Shares for $200,876 were sold by Bjornholt James Eric. (NYSE:AZZ) for 1,509 shares.

Investors sentiment increased to 1.55 in 2017 Q3.

Among 13 analysts covering AMAG Pharmaceuticals (NASDAQ:AMAG), 3 have Buy rating, 1 Sell and 9 Hold. Stephens Incorporated Ar reported 22,434 shares. 16 funds opened positions while 52 raised stakes. Credit Suisse Ag invested in 50,748 shares or 0% of the stock. Riverpoint Capital Ltd Liability Co reported 330,191 shares. Pub Sector Pension Investment Board has invested 0% in AMAG Pharmaceuticals, Inc. (NASDAQ:CTWS) for 375 shares. Principal Grp stated it has 0.01% in Entercom Communications Corp.