Economy

Microchip Technology Incorporated (MCHP) Receives $88.71 Average Price Target from Analysts

The latest exchange of 2.83 Million shares is above its average trading activity of 1.44 Million shares.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, August 3rd. The stock increased 1.23% or $1.07 on September 1, reaching $87.87. About 524,002 shares traded. The stock decreased 0.09% or $0.08 on September 1, reaching $84.28. It has outperformed by 51.60% the S&P500. The company declared a dividend to be paid on Tuesday the 5th of September 2017. Comm National Bank reported 5,595 shares. The SI to Global Eagle Entertainment Incorporated's float is 14.96%. Amica Mutual Insurance Company acquired 14,638 shares as T Rowe Price Group Inc (TROW)'s stock declined 0.66%. Another trade for 30,000 shares valued at $713,424 was made by SUWINSKI JAN on Monday, May 8. At present, 0 analysts call it Sell, while 6 think it is Hold. Therefore 45% are positive. Paramount Group had 18 analyst reports since August 10, 2015 according to SRatingsIntel. On Wednesday, February 8 the stock rating was maintained by Mizuho with "Neutral". The firm has "Buy" rating by Drexel Hamilton given on Monday, August 24. Microchip Technology Inc. (NASDAQ:MCHP) has risen 68.30% since September 1, 2016 and is uptrending.

On June 16, 2017 Raymond James began coverage of the stock with an initial rating of "Outperform". Needham & Company LLC restated a "strong-buy" rating and set a $100.00 price target on shares of Microchip Technology in a research report on Wednesday, May 10th. The firm has "Neutral" rating given on Tuesday, February 21 by Piper Jaffray. The rating was maintained by Topeka Capital Markets on Wednesday, January 27 with "Buy". As per Thursday, June 22, the company rating was maintained by Goldman Sachs. The company's stock had a trading volume of 1,700,898 shares.

Since March 3, 2017, it had 0 insider purchases, and 20 insider sales for $18.40 million activity. About 1.70M shares traded.

Investors sentiment decreased to 0.91 in Q4 2016. Its down 0.11, from 1.11 in 2016Q3. 3,974 shares were sold by DREHOBL STEPHEN V, worth $319,072 on Monday, May 22. 93 funds opened positions while 238 raised stakes. Geode Management Limited Liability Company reported 0% stake. $4.04M worth of stock was sold by SANGHI STEVE on Wednesday, March 8.

ETFS Physical Platinum Shares is created to offer investors a simple, cost-efficient and secure way to access the precious metals market. 13,200 are owned by Crestpoint Mngmt Limited Liability Com. IFP Advisors Inc now owns 5,621 shares of the semiconductor company's stock valued at $415,000 after buying an additional 166 shares during the period. Fdx Advsrs stated it has 0.01% in ACI Worldwide Inc (NASDAQ:ACIW). Smithfield Commerce stated it has 2,068 shares or 0.02% of all its holdings. Stratos Wealth Prtnrs Limited reported 37,343 shares. Manufacturers Life Ins The holds 34,725 shares.

Jefferies Group Llc decreased Craft Brew Alliance Inc (NASDAQ:BREW) stake by 39,734 shares to 49,466 valued at $836,000 in 2016Q4. It also upped Schweitzer (NYSE:SWM) stake by 63,038 shares and now owns 851,677 shares. (NASDAQ:MCHP). Mufg Americas Corp reported 66,670 shares.

According to Zacks, analysts expect that Microchip Technology will report full year sales of $1.00 billion for the current financial year, with estimates ranging from $3.81 billion to $4.18 billion. The firm had a rise in short interest between July 31, 2017 and August 15, 2017 of 4.69%. Morgan Stanley upgraded the stock to "Overweight" rating in Tuesday, January 19 report. More interesting news about Microchip Technology Inc. The stock of Qualys Inc (NASDAQ:QLYS) has "Buy" rating given on Tuesday, September 13 by Wunderlich. Janus Capital Management LLC increased its position in shares of Microchip Technology by 10.3% in the first quarter. (NASDAQ:MCHP) has "Buy" rating given on Thursday, August 3 by Jefferies. The firm has "Buy" rating by Jefferies given on Monday, July 10. (NASDAQ:MCHP) earned "Buy" rating by Bank of America on Tuesday, November 8. (NASDAQ:MCHP). Virtus Invest Advisers Inc has 6,704 shares. On Tuesday, September 8 the stock rating was upgraded by JP Morgan to "Overweight". The correct version of this piece of content can be read at https://weekherald.com/2017/09/02/comerica-bank-acquires-1763-shares-of-microchip-technology-incorporated-mchp.html. The rating was maintained by TD Securities with "Action List Buy" on Wednesday, November 2. The total value of its holdings increased 70,263.1%. Its up 0.24, from 0.75 in 2016Q3. It turned negative, as 58 investors sold CMCSA shares while 518 reduced holdings. Gemmer Asset Ltd Com, a California-based fund reported 177 shares. Finally, Principal Financial Group Inc. increased its position in shares of Microchip Technology by 0.8% in the first quarter. (NASDAQ:MCHP) shares with value of $201,528 were sold by Bjornholt James Eric. 372,607 were accumulated by Bankshares Of Montreal Can. State Treasurer State Of Michigan invested in 47,150 shares. Gam Hldgs Ag, a Switzerland-based fund reported 280,030 shares. Zweig reported 3,400 shares. The return on assets (ROA) (aka return on total assets, return on average assets), is one of the most widely used profitability ratios because it is related to both profit margin and asset turnover, and shows the rate of return for both creditors and investors of the company. Baillie Gifford Co stated it has 0.01% of its portfolio in Microchip Technology Inc.

A number of equities research analysts have recently weighed in on MCHP shares. First Trust Lp, a Illinois-based fund reported 1.28 million shares. The Massachusetts-based Commonwealth Equity Ser has invested 0.02% in Microchip Technology Inc. 2,824 shares valued at $226,739 were sold by SIMONCIC RICHARD J on Monday, May 22.



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