Horrell Capital Management Upped By $800,000 Its Syntel (SYNT) Position; Microchip Technology (MCHP)’s Sentiment Is 1

December 6, 2017 - By marketbeat

Horrell Capital Management Inc increased Syntel (SYNT) stake by 45.13% reported in 2017Q2 SEC filing. Horrell Capital Management Inc acquired 50,000 shares as Syntel (SYNT)’s stock declined 0.75%. The Horrell Capital Management Inc holds 160,800 shares with $2.73 million value, up from 110,800 last quarter. Syntel now has $2.10 billion valuation. The stock increased 0.71% or $0.1799 during the last trading session, reaching $25.3899. About 174,251 shares traded. Syntel, Inc. (NASDAQ:SYNT) has declined 32.64% since December 6, 2016 and is downtrending. It has underperformed by 49.34% the S&P500.

Microchip Technology Incorporated develops, makes, and sells semiconductor products for various embedded control applications. The company has market cap of $20.16 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 35.49 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.

Ratings analysis reveals 60% of Microchip’s analysts are positive. Out of 5 Wall Street analysts rating Microchip, 3 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $67.0 while the high is $75.0. The stock’s average target of $70.67 is -17.99% below today’s ($86.17) share price. MCHP was included in 5 notes of analysts from September 30, 2016. The firm earned “Neutral” rating on Friday, November 4 by Goldman Sachs. The stock has “Buy” rating by Needham on Tuesday, November 8. Mizuho initiated Microchip Technology Incorporated (NASDAQ:MCHP) on Friday, September 30 with “Neutral” rating. Bank of America upgraded Microchip Technology Incorporated (NASDAQ:MCHP) on Tuesday, November 8 to “Buy” rating. Stifel Nicolaus maintained Microchip Technology Incorporated (NASDAQ:MCHP) on Wednesday, November 30 with “Buy” rating.

The stock decreased 0.05% or $0.04 during the last trading session, reaching $86.17. About 994,010 shares traded. Microchip Technology Incorporated (MCHP) has risen 68.30% since December 6, 2016 and is uptrending. It has outperformed by 51.60% the S&P500.

Analysts await Microchip Technology Incorporated (NASDAQ:MCHP) to report earnings on February, 6. They expect $1.27 EPS, up 27.00% or $0.27 from last year’s $1 per share. MCHP’s profit will be $297.07M for 16.96 P/E if the $1.27 EPS becomes a reality. After $1.37 actual EPS reported by Microchip Technology Incorporated for the previous quarter, Wall Street now forecasts -7.30% negative EPS growth.

Glaxis Capital Management Llc holds 17.76% of its portfolio in Microchip Technology Incorporated for 117,670 shares. Oakmont Corp owns 517,560 shares or 7.61% of their US portfolio. Moreover, Cypress Funds Llc has 6.04% invested in the company for 398,000 shares. The Wyoming-based Southport Management L.L.C. has invested 4.66% in the stock. Brookmont Capital Management, a Texas-based fund reported 158,168 shares.

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