Analysts take a look at Microchip Technology Incorporated (NASDAQ:MCHP) having this to say.

May 19, 2018 - By Richard Conner

Microchip Technology Incorporated (NASDAQ:MCHP) LogoInvestors sentiment decreased to 1 in Q4 2017. Its down 0.15, from 1.15 in 2017Q3. It fall, as 44 investors sold Microchip Technology Incorporated shares while 235 reduced holdings. 73 funds opened positions while 207 raised stakes. 236.19 million shares or 1.43% less from 239.62 million shares in 2017Q3 were reported.
Estabrook Mngmt has 300 shares for 0% of their portfolio. Argent Trust Co invested 0.08% in Microchip Technology Incorporated (NASDAQ:MCHP). Hanson Mcclain has invested 0% in Microchip Technology Incorporated (NASDAQ:MCHP). Acadian Asset Mngmt Lc holds 0% or 503 shares in its portfolio. Pennsylvania-based Peoples Finance Svcs has invested 1.26% in Microchip Technology Incorporated (NASDAQ:MCHP). Jaffetilchin Invest Prtnrs Ltd Company owns 4,878 shares or 0.14% of their US portfolio. Cibc Ww reported 67,441 shares. Willingdon Wealth Management owns 20,463 shares for 0.59% of their portfolio. Sg Americas Secs Limited Liability Corp reported 0.02% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). Livforsakringsbolaget Skandia Omsesidigt stated it has 0.14% in Microchip Technology Incorporated (NASDAQ:MCHP). Girard Prns Ltd holds 3,618 shares. Park National Oh has invested 0.01% in Microchip Technology Incorporated (NASDAQ:MCHP). Waddell Reed Fincl reported 3.96 million shares. State Of New Jersey Common Pension Fund D stated it has 245,000 shares or 0.08% of all its holdings. Trust Of Virginia Va reported 122,279 shares.

Since February 22, 2018, it had 0 insider purchases, and 9 insider sales for $5.04 million activity. $474,590 worth of Microchip Technology Incorporated (NASDAQ:MCHP) was sold by MEYERCORD WADE F on Tuesday, March 6. $324,093 worth of Microchip Technology Incorporated (NASDAQ:MCHP) shares were sold by SIMONCIC RICHARD J. The insider DAY L B sold $567,720. Shares for $222,732 were sold by Johnson Esther on Wednesday, March 14. LITTLE MITCHELL R sold 4,159 shares worth $349,938. On Tuesday, March 6 the insider SANGHI STEVE sold $1.91M.

Microchip Technology Incorporated (NASDAQ:MCHP) Ratings Coverage

Among 9 analysts covering Microchip Technology (NASDAQ:MCHP), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Microchip Technology had 14 analyst reports since December 13, 2017 according to SRatingsIntel. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, February 7 report. Piper Jaffray maintained it with “Buy” rating and $110.0 target in Friday, March 2 report. Morgan Stanley maintained it with “Equal-Weight” rating and $99 target in Wednesday, December 13 report. The company was maintained on Wednesday, May 9 by Morgan Stanley. As per Friday, March 9, the company rating was maintained by SunTrust. Bank of America maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Wednesday, February 7. Bank of America has “Buy” rating and $110 target. The rating was maintained by SunTrust on Wednesday, February 7 with “Hold”. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, February 7. The rating was upgraded by Goldman Sachs to “Buy” on Thursday, March 8. The company was maintained on Thursday, March 1 by SunTrust. Below is a list of Microchip Technology Incorporated (NASDAQ:MCHP) latest ratings and price target changes.

09/05/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $96 New Target: $97 Maintain
09/03/2018 Broker: SunTrust Rating: Buy New Target: $115.0 Maintain
08/03/2018 Broker: Goldman Sachs Old Rating: Neutral New Rating: Buy Upgrade
06/03/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $112.0 Maintain
05/03/2018 Broker: Mizuho Old Rating: Neutral New Rating: Buy Upgrade
02/03/2018 Broker: KeyBanc Capital Markets Rating: Buy New Target: $116.0 Upgrade
02/03/2018 Broker: Piper Jaffray Rating: Buy New Target: $110.0 Maintain
01/03/2018 Broker: SunTrust Rating: Hold New Target: $97.0 Maintain
07/02/2018 Broker: SunTrust Rating: Hold Maintain
07/02/2018 Broker: KeyBanc Capital Markets Rating: Hold Maintain

The stock decreased 0.22% or $0.21 during the last trading session, reaching $92.8. About 1.20M shares traded. Microchip Technology Incorporated (NASDAQ:MCHP) has risen 29.63% since May 19, 2017 and is uptrending. It has outperformed by 18.08% the S&P500.

Microchip Technology Incorporated develops, makes, and sells semiconductor products for various embedded control applications. The company has market cap of $21.75 billion. The firm offers general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers; and microcontrollers for automotive networking, computing, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity. It has a 92.06 P/E ratio. It also provides development tools that enable system designers to program microcontroller products for specific applications; analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, radio frequency , drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products; and memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, and serial static random access memories for the production of very small footprint devices.

More notable recent Microchip Technology Incorporated (NASDAQ:MCHP) news were published by: Streetinsider.com which released: “Microchip Technology (MCHP) Can’t Confirm Report on China Ok for Microsemi (MSCC) Deal, Review Process is …” on May 07, 2018, also Seekingalpha.com with their article: “Beijing Approves Microchip Deal, Boding Well For Qualcomm-NXP” published on May 17, 2018, Globenewswire.com published: “Microchip Technology Announces Financial Results for Fourth Quarter and Fiscal Year 2018” on May 08, 2018. More interesting news about Microchip Technology Incorporated (NASDAQ:MCHP) were released by: Streetinsider.com and their article: “Beijing official says Qualcomm-NXP deal looking more optimistic: WSJ” published on May 18, 2018 as well as Seekingalpha.com‘s news article titled: “Microsemi gains on reports of deal approval” with publication date: May 07, 2018.

Microchip Technology Incorporated (NASDAQ:MCHP) Institutional Positions Chart

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