This is what analysts have to say about Microchip Technology Incorporated (NASDAQ:MCHP) after last week.

April 17, 2018 - By Dolores Ford

Microchip Technology Incorporated (NASDAQ:MCHP) LogoInvestors sentiment decreased to 1 in 2017 Q4. 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.
6,015 were reported by Atria Investments Limited Liability. 3,327 are held by Finemark Financial Bank And Trust. Mariner Wealth Advsr Limited Liability Company reported 9,206 shares or 0.03% of all its holdings. Whittier Company reported 822 shares. Whittier Trust Co Of Nevada invested 0.07% in Microchip Technology Incorporated (NASDAQ:MCHP). Associated Banc has invested 0.48% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). 335,600 are held by Polar Asset Partners. Us Savings Bank De holds 0.09% or 345,311 shares. Sensato Investors holds 59,780 shares. Exxonmobil Inv Mgmt Inc Tx reported 37,192 shares. Meiji Yasuda Asset reported 0.07% in Microchip Technology Incorporated (NASDAQ:MCHP). Stifel Financial Corp accumulated 328,017 shares. Profund Advsr Llc has 0.24% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 70,255 shares. Old Mutual Customised Solutions (Proprietary) accumulated 14,541 shares or 0.13% of the stock. Saturna Capital accumulated 1.54% or 571,752 shares.

Since February 22, 2018, it had 0 insider purchases, and 9 insider sales for $5.04 million activity. DAY L B had sold 6,000 shares worth $567,720. The insider Bjornholt James Eric sold $177,536. $453,935 worth of Microchip Technology Incorporated (NASDAQ:MCHP) was sold by DREHOBL STEPHEN V. LITTLE MITCHELL R sold $349,938 worth of stock or 4,159 shares. Another trade for 20,124 shares valued at $1.91 million was made by SANGHI STEVE on Tuesday, March 6. 3,850 shares valued at $324,093 were sold by SIMONCIC RICHARD J on Thursday, February 22.

Microchip Technology Incorporated (NASDAQ:MCHP) Ratings Coverage

Among 15 analysts covering Microchip (NASDAQ:MCHP), 14 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. Microchip had 22 analyst reports since October 19, 2017 according to SRatingsIntel. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) has “Buy” rating given on Friday, March 2 by KeyBanc Capital Markets. Mizuho upgraded the stock to “Buy” rating in Monday, March 5 report. The firm has “Buy” rating by Jefferies given on Thursday, October 19. SunTrust maintained the shares of MCHP in report on Wednesday, February 7 with “Hold” rating. On Thursday, March 1 the stock rating was maintained by SunTrust with “Hold”. On Wednesday, February 7 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The firm has “Buy” rating by Goldman Sachs given on Thursday, March 8. Piper Jaffray maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Friday, March 2. Piper Jaffray has “Buy” rating and $110.0 target. Stifel Nicolaus maintained Microchip Technology Incorporated (NASDAQ:MCHP) on Tuesday, November 7 with “Buy” rating. The firm has “Equal-Weight” rating given on Wednesday, December 13 by Morgan Stanley. Below is a list of Microchip Technology Incorporated (NASDAQ:MCHP) latest ratings and price target changes.

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
07/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $99 New Target: $96 Maintain

The stock increased 3.78% or $3.26 during the last trading session, reaching $89.49. About 1.79 million shares traded. Microchip Technology Incorporated (NASDAQ:MCHP) has risen 29.63% since April 17, 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 $20.97 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 88.78 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.

Microchip Technology Incorporated (NASDAQ:MCHP) Institutional Positions Chart

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