Economy

Microchip Technology Incorporated (NASDAQ:MCHP) Shares Bought by Prudential Financial Inc

Following the transaction, the vice president now directly owns 14,263 shares in the company, valued at $1,167,997.07. Deccan Value Investors Lp who had been investing in Herbalife Ltd for a number of months, seems to be bullish on the $6.48 billion market cap company. Herbalife Ltd. (NYSE:HLF) has risen 20.65% since September 11, 2016 and is uptrending. It has outperformed by 44.51% the S&P500.

Prudential Financial Inc. increased its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 6.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The hedge fund run by Panayotis Takis Sparaggis held 1.33 million shares of the semiconductors company at the end of 2016Q4, valued at $85.53M, down from 1.34 million at the end of the previous reported quarter. Moreover, Bard Associates Inc has 0.6% invested in the company for 366,690 shares. Accern also assigned press coverage about the semiconductor company an impact score of 46.7992098267546 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near term. 2,322,197 shares of the company traded hands. Cookson Peirce & Co Inc acquired 39,640 shares as Microchip Technology Inc (MCHP)'s stock rose 11.86%. It has outperformed by 51.60% the S&P500. The stock has a market capitalization of $15.04 billion, a price-to-earnings ratio of 302.70 and a beta of 1.08. Cornerstone Advisors Inc. boosted its stake in shares of Microchip Technology by 13.5% in the third quarter. (NASDAQ:MCHP) news were published by: Globenewswire.com which released: "Microchip Extends Custom Programming Service to Include AVR® and SAM ..." on August 21, 2017, also Globenewswire.com with their article: "Microchip's MPLAB® Harmony Software Upgraded to Include More Efficient Code ..." published on September 11, 2017, Globenewswire.com published: "Microchip Unveils Next-Generation In-Circuit Debugger with Unparalleled Speed ..." on August 14, 2017. Microchip Technology's payout ratio is now 77.54%.

During the latest trading session Microchip Technology Incorporated (NASDAQ:MCHP) stock went gone down with a prior 52-week high of $88.00.

Since May 22, 2017, it had 0 insider purchases, and 4 selling transactions for $990,698 activity. $201,528 worth of stock was sold by Bjornholt James Eric on Monday, May 22.

In other Microchip Technology news, VP Stephen V. Drehobl sold 3,076 shares of Microchip Technology stock in a transaction on Tuesday, August 22nd. (NASDAQ:MCHP). Geneva Advsrs Limited invested in 1.00 million shares or 1.26% of the stock. BidaskClub raised Microchip Technology from a "hold" rating to a "buy" rating in a research report on Wednesday, August 9th. Therefore 83% are positive. Finally, Credit Suisse Group reaffirmed a "buy" rating on shares of Microchip Technology in a research report on Friday, August 4th. Citigroup maintained Microchip Technology Inc. Needham maintained the shares of MCHP in report on Thursday, September 7 with "Buy" rating. The company was maintained on Tuesday, April 5 by Goldman Sachs. The company was maintained on Wednesday, July 29 by RBC Capital Markets. Drexel Hamilton downgraded Microchip Technology Inc. Stock rose 6.65% over the trailing 6 months. Morgan Stanley upgraded Microchip Technology Inc. The rating was maintained by Needham with "Buy" on Monday, June 12. Morgan Stanley has "Overweight" rating and $55 target. Jefferies maintained Microchip Technology Inc. Microchip Technology has an average rating of "Buy" and an average target price of $88.80. The stock of Microchip Technology Inc. The firm has "Buy" rating by Stifel Nicolaus given on Tuesday, June 6.

Investors sentiment decreased to 1 in 2016 Q4. Its down 0.11, from 1.11 in 2016Q3.

Several other institutional investors have also recently bought and sold shares of MCHP. 208.48 million shares or 1.70% less from 212.08 million shares in 2016Q3 were reported. This is a boost from Microchip Technology's previous quarterly dividend of $0.36.

Shares of Microchip Technology Incorporated (MCHP) opened at 86.57 on Monday. Everence Capital Mngmt holds 7,002 shares. First National Tru Communication accumulated 3,309 shares. (NASDAQ:MCHP). Riverpoint Cap Mgmt Ltd Limited Liability Company invested 1.76% of its portfolio in Microchip Technology Inc. (NASDAQ:MCHP). State Treasurer State Of Michigan holds 70,672 shares or 0.04% of its portfolio. Bokf Na reported 0.28% in Microchip Technology Inc. (NASDAQ:MCHP). Rhumbline Advisers accumulated 384,328 shares or 0.06% of the stock. Apg Asset Management Nv owns 221,706 shares or 0.03% of their U.S. portfolio. White Pine Capital Llc, a Minnesota-based fund reported 35,000 shares. (NASDAQ:MCHP). Fulton Breakefield Broenniman Limited Liability Com reported 106,596 shares. Castleark Management Ltd Liability Company holds 681,853 shares. Clearbridge Invs Ltd Liability Corporation stated it has 335,570 shares or 0.02% of all its holdings. Davidson Garrard Inc reported 1.61% in Microchip Technology Inc.



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