Here’s how analysts see Microchip Technology Incorporated (NASDAQ:MCHP) after this past week.

May 19, 2018 - By Adrian Erickson

Microchip Technology Incorporated (NASDAQ:MCHP) LogoInvestors sentiment decreased to 1 in Q4 2017. Its down 0.15, from 1.15 in 2017Q3. It turned negative, 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.
Moreover, Pictet North America Advsr Sa has 0.04% invested in Microchip Technology Incorporated (NASDAQ:MCHP). Amf Pensionsforsakring Ab has invested 0.03% in Microchip Technology Incorporated (NASDAQ:MCHP). Cullinan Assoc Incorporated stated it has 0.02% in Microchip Technology Incorporated (NASDAQ:MCHP). Utd Services Automobile Association has 0.19% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 796,188 shares. New Jersey-based Advsrs Cap Llc has invested 0.59% in Microchip Technology Incorporated (NASDAQ:MCHP). The Washington-based Cornerstone Advisors Inc has invested 0.17% in Microchip Technology Incorporated (NASDAQ:MCHP). Btim holds 3,500 shares. 1832 Asset Mngmt Ltd Partnership reported 197 shares stake. Gradient Limited Liability Company accumulated 0% or 60 shares. Crawford Counsel has invested 0.03% in Microchip Technology Incorporated (NASDAQ:MCHP). Tompkins Fin Corporation accumulated 6,204 shares. B T Management Dba Alpha Management invested in 24,558 shares. Fulton Breakefield Broenniman Ltd Co holds 1.64% or 111,241 shares. Platinum Invest Mngmt owns 272,800 shares or 0.64% of their US portfolio. Massmutual Tru Co Fsb Adv has invested 0.27% in Microchip Technology Incorporated (NASDAQ:MCHP).

Since February 22, 2018, it had 0 insider purchases, and 9 insider sales for $5.04 million activity. 4,159 shares were sold by LITTLE MITCHELL R, worth $349,938 on Thursday, February 22. CHAPMAN MATTHEW W sold 6,000 shares worth $564,492. DAY L B sold $567,720 worth of stock or 6,000 shares. Another trade for 5,000 shares valued at $474,590 was made by MEYERCORD WADE F on Tuesday, March 6. Bjornholt James Eric sold 2,109 shares worth $177,536. 20,124 shares valued at $1.91M were sold by SANGHI STEVE on Tuesday, March 6.

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. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, February 7. The firm has “Hold” rating given on Wednesday, February 7 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 stock of Microchip Technology Incorporated (NASDAQ:MCHP) earned “Buy” rating by Goldman Sachs on Thursday, March 8. Morgan Stanley maintained it with “Equal-Weight” rating and $99 target in Wednesday, December 13 report. The company was maintained on Tuesday, March 6 by Stifel Nicolaus. On Thursday, March 1 the stock rating was maintained by SunTrust with “Hold”. KeyBanc Capital Markets upgraded the shares of MCHP in report on Friday, March 2 to “Buy” rating. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) has “Buy” rating given on Friday, March 9 by SunTrust. On Wednesday, February 7 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. 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: Gurufocus.com which released: “Microchip Technology Inc (MCHP) Files 10-K for the Fiscal Year Ended on March 31, 2018” on May 18, 2018, also Seekingalpha.com with their article: “Beijing Approves Microchip Deal, Boding Well For Qualcomm-NXP” published on May 17, 2018, Globenewswire.com published: “Registration Now Open for Microchip’s 22nd Annual Worldwide MASTERs Conference” on April 23, 2018. More interesting news about Microchip Technology Incorporated (NASDAQ:MCHP) were released by: Streetinsider.com and their article: “Microchip Technology (MCHP) Can’t Confirm Report on China Ok for Microsemi (MSCC) Deal, Review Process is …” published on May 07, 2018 as well as Streetinsider.com‘s news article titled: “Beijing official says Qualcomm-NXP deal looking more optimistic: WSJ” with publication date: May 18, 2018.

Microchip Technology Incorporated (NASDAQ:MCHP) Institutional Positions Chart

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