Brokerages Expect Microchip Technology (MCHP) Will Announce Earnings of $1.35 Per Share

Lloyd Doyle
April 23, 2018

On Tuesday, January 12 the stock rating was maintained by Investec with "Buy". The institutional investor held 538,310 shares of the consumer services company at the end of 2017Q4, valued at $25.24 million, up from 66,363 at the end of the previous reported quarter. The number of shares now owned by investors are 50.61 mln. The stock increased 2.01% or $1.16 during the last trading session, reaching $58.87. About 3.35 million shares traded. (HIO) has declined 4.39% since April 23, 2017 and is downtrending. It has underperformed by 4.29% the S&P500.

(MCHP) by 3.62% based on its latest 2017Q4 regulatory filing with the SEC. Also, VP Mitchell R. Little sold 4,159 shares of the business's stock in a transaction dated Thursday, February 22nd.

Notwithstanding that, the passion for the stock has increased, which sees an increase in its trading volume by 180.549% above its longer-run average levels. It has outperformed by 18.08% the S&P500.

Western Asset High Income Opportunity Fund Inc (HIO) investors sentiment increased to 1.24 in Q4 2017. Its down 0.15, from 1.15 in 2017Q3.

A number of large investors have recently modified their holdings of MCHP. 73 funds opened positions while 207 raised stakes. The institutional investors in our database now possess: 33.25 million shares, up from 29.00 million shares in 2017Q3. Microchip Technology Incorporated (NASDAQ:MCHP) at the moment has a 10-month price index of 1.05. Brinker Cap reported 0.04% stake. Seaspan Corporation (NYSE:SSW) has risen 4.08% since April 23, 2017 and is uptrending. Girard Limited has 3,618 shares.

NASDAQ is a global electronic marketplace for buying and selling securities, as well as the benchmark index for USA technology stocks.

Among 24 analysts covering Microchip Technology (NASDAQ:MCHP), 23 have Buy rating, 0 Sell and 1 Hold.


Microchip Technology Incorporated (MCHP) stock gained attention from Active Investors. Western Asset High Income Opportunity Fund Inc. Aqr Capital Mngmt Ltd Llc has 456,765 shares. Therefore 96% are positive. Seven analysts have provided estimates for Microchip Technology's earnings, with the lowest EPS estimate coming in at $1.34 and the highest estimate coming in at $1.35. Jefferies has "Buy" rating and $110 target. Guggenheim downgraded the shares of APC in report on Monday, November 2 to "Neutral" rating. The North Carolina-based Willingdon Wealth Management has invested 0.59% in Microchip Technology Incorporated (NASDAQ:MCHP). On Friday, October 13 the stock rating was maintained by Citigroup with "Buy". Analysts at SunTrust Upgrade the shares of Microchip Technology Incorporated from Hold to Buy when they released a research note on March 2nd, 2018, but they now have set a price target of $122, which is an increase from the previous $113. Goldman Sachs maintained the shares of MCHP in report on Tuesday, April 5 with "Sell" rating. The firm has "Equal-Weight" rating by Morgan Stanley given on Wednesday, December 13. The firm earned "Buy" rating on Tuesday, November 8 by Needham. The stock of Seaspan Corporation (NYSE:SSW) has "Buy" rating given on Monday, December 18 by Jefferies.

Since February 22, 2018, it had 0 buys, and 9 sales for $5.04 million activity. DAY L B had sold 6,000 shares worth $567,720. The insider MEYERCORD WADE F sold 5,000 shares worth $474,590. DREHOBL STEPHEN V also sold $453,935 worth of Microchip Technology Incorporated (NASDAQ:MCHP) on Thursday, February 22. SIMONCIC RICHARD J sold $324,093 worth of stock.

Sell-side analyst recommendations point to a short term price target of $111.59 on the shares of Microchip Technology Incorporated (MCHP). The Shaker Investments Llc holds 23,127 shares with $2.03M value, down from 27,701 last quarter. MCHP's profit will be $297.62M for 16.87 P/E if the $1.27 EPS becomes a reality. The 1 year EPS growth rate is 34.10%. It also reduced its holding in Air Lease Corp (NYSE:AL) by 348,281 shares in the quarter, leaving it with 8.32M shares, and cut its stake in Celadon Group Inc (NYSE:CGI).

Investors sentiment decreased to 1 in Q4 2017. Its down 0.44, from 1.11 in 2017Q3. 108.01 million shares or 1.87% more from 106.03 million shares in 2017Q3 were reported. Jpmorgan Chase And Com has invested 0% in Westwood Holdings Group, Inc. Bnp Paribas Asset Management accumulated 0.02% or 20,971 shares. Hartford Investment Mngmt accumulated 50,277 shares or 0.08% of the stock. Albert D Mason Inc bought 12,619 shares as the company's stock rose 14.87% while stock markets declined. Jennison Associate Llc holds 0.1% or 1.87 million shares. Polar Llp owns 24,569 shares or 0.02% of their United States portfolio. Platinum Investment Mgmt Ltd invested 0.64% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). Montana-based First Interstate Comml Bank has invested 0% in Anadarko Petroleum Corporation (NYSE:APC). (NYSE:FL). Cornerstone Advisors Incorporated has 20 shares. Exchange Mgmt reported 100 shares.

Institutions own 37.10% of Idera Pharmaceuticals, Inc. Deutsche Bank & Trust Ag holds 0.01% or 201,432 shares.

Among 32 analysts covering Foot Locker Inc. Therefore 80% are positive. The stock of Foot Locker, Inc. On Tuesday, May 3 the stock rating was maintained by Nomura with "Buy". Wells Fargo downgraded Seaspan Corporation (NYSE:SSW) on Friday, November 20 to "Market Perform" rating. As per Wednesday, January 31, the company rating was upgraded by Oppenheimer. The company was upgraded on Thursday, April 20 by Buckingham Research. The rating was maintained by Goodbody on Tuesday, November 1 with "Buy". On Thursday, August 3 the stock rating was maintained by Stifel Nicolaus with "Buy". The rating was maintained by KeyBanc Capital Markets on Wednesday, February 7 with "Hold".

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