Economy

Analysts See $1.27 EPS for Microchip Technology Inc. (MCHP)

Imperva Inc now has $1.44B valuation. The company has a current ratio of 3.12, a quick ratio of 2.54 and a debt-to-equity ratio of 0.87. The shares were sold at an average price of $81.89, for a total transaction of $251,893.64. Glassbridge Enterprises Inc (OTCMKTS:GLAE) has 0.00% since November 5, 2016 and is. It has underperformed by 39.51% the S&P500.

Short traders are feeling a little more bearish on Microchip Technology Incorporat at least if you consider the increase in short interest. Riverpoint Capital Management Llc sold 32,929 shares as Microchip Technology Inc (MCHP)'s stock rose 11.86%. Microchip Technology Inc now has $21.80 billion valuation. About 1.39 million shares traded.

Among 20 analysts covering Microchip Technology (NASDAQ:MCHP), 15 have Buy rating, 0 Sell and 5 Hold. It has outperformed by 51.60% the S&P500. Rosenberg Donald J sold $588,767 worth of stock. Tower Cap Ltd Liability Co (Trc) owns 502 shares. BURROWS CLIFFORD had sold 114,826 shares worth $6.83M on Thursday, May 18. Motley Fool Asset Management Llc acquired 115,000 shares as Starbucks Corp (SBUX)'s stock rose 6.99%. It also upped Dow Chemical Co (NYSE:DOW) stake by 101,134 shares and now owns 500,915 shares. Ishares Tr (IXUS) was raised too.

Investors sentiment decreased to 1.08 in Q2 2017. The semiconductor company reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.14 by $0.17. It turned negative, as 89 investors sold QCOM shares while 481 reduced holdings. 11 funds opened positions while 31 raised stakes. Analysts expect Microchip Technology to post earnings of $1.27 per share for the quarter. Solaris Asset Management Ltd accumulated 0.03% or 525 shares. (NASDAQ:QCOM). Ngam Advsrs LP holds 0.93% or 1.55 million shares. (NASDAQ:MCHP) for 106,545 shares. Benjamin F Edwards reported 0% stake. Ledyard Fincl Bank holds 0.08% in QUALCOMM, Inc. (NASDAQ:MCHP) for 9,257 shares. Webster Bancorp N A stated it has 904 shares or 0.01% of all its holdings. Gw Henssler has 1.31% invested in QUALCOMM, Inc. Integral Derivatives Limited Liability Com accumulated 0.01% or 7,889 shares. On Wednesday, October 11 the stock rating was maintained by SunTrust with "Hold". Therefore 58% are positive. Neonode had 4 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was downgraded by Drexel Hamilton to "Buy" on Monday, August 24. Cowen & Co maintained QUALCOMM, Inc. Cowen & Co has "Outperform" rating and $62 target. The firm earned "Overweight" rating on Tuesday, September 8 by JP Morgan. As per Tuesday, June 6, the company rating was maintained by Mizuho. Microchip Technology now has a consensus rating of "Buy" and an average price target of $93.75. The rating was maintained by Stifel Nicolaus on Thursday, July 23 with "Buy". Finally, ValuEngine cut shares of Microchip Technology from a buy rating to a hold rating in a research report on Saturday, September 30th. They expect $-0.33 earnings per share, down 10.00% or $0.03 from last year's $-0.3 per share. MCHP's profit will be $295.60M for 18.44 P/E if the $1.27 EPS becomes a reality. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.30.

Since May 22, 2017, it had 0 buys, and 4 sales for $990,698 activity. $319,072 worth of Microchip Technology Inc. On Monday, May 22 the insider Bjornholt James Eric sold $201,528. Girard Partners LTD. now owns 3,731 shares of the semiconductor company's stock worth $288,000 after acquiring an additional 33 shares during the last quarter.

Investors sentiment decreased to 1 in 2017 Q2. First American Bank raised its position in Microchip Technology by 2.6% in the third quarter. 235.26 million shares or 2.61% more from 229.26 million shares in 2017Q1 were reported. Utah-based Utah Retirement has invested 0.07% in Microchip Technology Inc. (NASDAQ:MCHP). Moreover, Nicholas Limited Partnership has 0.38% invested in Microchip Technology Inc. Lpl Financial Llc invested in 0.02% or 57,078 shares. Cleararc Capital Incorporated holds 0.07% in Microchip Technology Inc.

Microchip Technology Incorporated (NASDAQ:MCHP) opened at $93.66 on Friday. Gemmer Asset Limited Liability Company, California-based fund reported 170 shares. Bankshares Of Ny Mellon holds 0.06% in Microchip Technology Inc. (NASDAQ:MCHP) or 36,328 shares. Public Employees Retirement Systems Of Ohio holds 0.11% or 258,120 shares in its portfolio. Willingdon Wealth Management owns 0.59% invested in Microchip Technology Inc. Citigroup Inc has 1 shares for 0% of their portfolio. Shelton Capital Mngmt has 19,615 shares for 0.11% of their portfolio. $226,739 worth of Microchip Technology Inc.

COPYRIGHT VIOLATION WARNING: "Microchip Technology Incorporated (MCHP) Downgraded by Morgan Stanley to Equal Weight" was posted by BBNS and is owned by of BBNS. Therefore 75% are positive. Finally, Credit Suisse Group reissued a "buy" rating on shares of Microchip Technology in a research report on Friday, August 4th. This is an increase from Microchip Technology's previous quarterly dividend of $0.36. The firm has "Buy" rating by Susquehanna given on Tuesday, June 6. Stifel Nicolaus has "Buy" rating and $94.0 target. The rating was maintained by Rosenblatt on Tuesday, June 6 with "Buy". Noesis Mangement holds 5,684 shares or 0.13% of its portfolio. The rating was upgraded by Needham on Monday, January 18 to "Buy". The firm has "Neutral" rating given on Monday, November 9 by Bank of America. The rating was maintained by RBC Capital Markets on Thursday, February 9 with "Outperform". BidaskClub upgraded shares of Microchip Technology from a "hold" rating to a "buy" rating in a research report on Wednesday, August 9th.



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