Microchip Technology Incorporated (NASDAQ:MCHP) Sellers Increased By 0.89% Their Shorts

February 15, 2018 - By Linda Rogers

 Microchip Technology Incorporated (NASDAQ:MCHP) Sellers Increased By 0.89% Their Shorts

Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.15, from 1 in 2017Q2. It improved, as 25 investors sold Microchip Technology Incorporated shares while 231 reduced holdings. 72 funds opened positions while 223 raised stakes. 239.62 million shares or 1.85% more from 235.26 million shares in 2017Q2 were reported.
The Connecticut-based Paloma Prtn Mngmt Com has invested 0.01% in Microchip Technology Incorporated (NASDAQ:MCHP). Voya Inv Management Ltd reported 4.47 million shares. Torch Wealth Mngmt Ltd holds 23,100 shares or 1.36% of its portfolio. Clearbridge Ltd Liability Corporation holds 0.03% or 306,675 shares in its portfolio. 3,500 were reported by Banque Pictet And Cie Sa. Atlantic Trust Gru Ltd Com holds 1.38M shares. M&T Bancshares has 176,213 shares. Andra Ap invested in 0.03% or 14,300 shares. Mutual Of America Capital Ltd reported 33,487 shares. Credit Suisse Ag reported 392,288 shares. Kansas-based Creative Planning has invested 0.01% in Microchip Technology Incorporated (NASDAQ:MCHP). Fjarde Ap stated it has 0.06% in Microchip Technology Incorporated (NASDAQ:MCHP). Hutchin Hill Cap Lp has 127,900 shares. Baillie Gifford & Company invested in 0.01% or 82,660 shares. Fukoku Mutual Life Ins Communication holds 0.09% or 7,000 shares.

Since August 15, 2017, it had 0 insider purchases, and 4 insider sales for $853,949 activity. The insider Bjornholt James Eric sold 2,453 shares worth $200,876. LITTLE MITCHELL R had sold 2,391 shares worth $195,799 on Tuesday, August 22. 3,076 Microchip Technology Incorporated (NASDAQ:MCHP) shares with value of $251,894 were sold by DREHOBL STEPHEN V. SIMONCIC RICHARD J also sold $205,380 worth of Microchip Technology Incorporated (NASDAQ:MCHP) shares.

The stock of Microchip Technology Incorporated (NASDAQ:MCHP) registered an increase of 0.89% in short interest. MCHP’s total short interest was 29.47M shares in February as published by FINRA. Its up 0.89% from 29.21 million shares, reported previously. With 2.21 million shares average volume, it will take short sellers 13 days to cover their MCHP’s short positions. The short interest to Microchip Technology Incorporated’s float is 13.94%.

The stock decreased 0.67% or $0.55 during the last trading session, reaching $81.66. About 2.28M shares traded. Microchip Technology Incorporated (NASDAQ:MCHP) has risen 68.30% since February 15, 2017 and is uptrending. It has outperformed by 51.60% the S&P500.

Microchip Technology Incorporated develops, makes, and sells semiconductor products for various embedded control applications. The company has market cap of $19.14 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 81.01 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) Ratings Coverage

Among 23 analysts covering Microchip Technology (NASDAQ:MCHP), 18 have Buy rating, 0 Sell and 5 Hold. Therefore 78% are positive. Microchip Technology had 63 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Monday, July 10. The stock has “Buy” rating by Needham on Monday, June 12. The stock has “Buy” rating by Jefferies on Wednesday, August 5. As per Wednesday, December 13, the company rating was maintained by Morgan Stanley. KeyBanc Capital Markets maintained the shares of MCHP in report on Wednesday, February 7 with “Hold” rating. The rating was maintained by JP Morgan with “Overweight” on Tuesday, August 9. Needham maintained the stock with “Buy” rating in Tuesday, June 6 report. B. Riley & Co maintained Microchip Technology Incorporated (NASDAQ:MCHP) on Tuesday, June 6 with “Buy” rating. On Tuesday, September 26 the stock rating was maintained by Stifel Nicolaus with “Buy”. Jefferies maintained the stock with “Buy” rating in Thursday, October 19 report.

More notable recent Microchip Technology Incorporated (NASDAQ:MCHP) news were published by: Globenewswire.com which released: “Microchip Technology Announces Net Sales and Results for Third Quarter of …” on February 06, 2018, also Nasdaq.com with their article: “Microchip Technology Inc. Reveals Rise In Q3 Earnings” published on February 06, 2018, Finance.Yahoo.com published: “3 Stocks to Watch on Wednesday: Akamai Technologies, Inc. (AKAM), Cerner …” on February 07, 2018. More interesting news about Microchip Technology Incorporated (NASDAQ:MCHP) were released by: Marketwatch.com and their article: “Microchip Tech shares fall on outlook” published on February 06, 2018 as well as Bizjournals.com‘s news article titled: “Microchip Technology CEO home buy tops most expensive listed in January” with publication date: February 11, 2018.

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