Hi-Tech

Microchip Technology Inc. (MCHP) Stake Lowered by Texas Permanent School Fund

January 29, 2018 09:23·

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 130,249 shares of the semiconductor company's stock valued at $11,694,000 after buying an additional 11,068 shares during the period. The Davidson & Garrard Inc holds 88,753 shares with $7.97 million value, down from 93,720 last quarter. The stock decreased 0.70% or $0.29 during the last trading session, reaching $41.2. About 121,863 shares traded or 134.15% up from the average. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) earned "Buy" rating by Rosenblatt on Tuesday, June 6. Jennison Assoc Ltd accumulated 2.19 million shares or 0% of the stock. Usa Financial Portformulas Corp who had been investing in Microchip Technology Inc for a number of months, seems to be less bullish one the $22.67B market cap company. The shares were sold at an average price of $91.66, for a total value of $261,414.32. Microchip Technology Incorporated (NASDAQ:MCHP) has risen 68.30% since January 27, 2017 and is uptrending. It has outperformed by 51.60% the S&P500. Trust Co. of Virginia VA increased its position in shares of Microchip Technology by 0.3% in the second quarter. PKG's profit will be $141.42 million for 21.01 P/E if the $1.51 EPS becomes a reality. The shares were sold at an average price of $91.66, for a total transaction of $165,079.66.

Among 15 analysts covering Packaging Corporation of America (NYSE:PKG), 6 have Buy rating, 1 Sell and 8 Hold. Therefore 33% are positive. Packaging Corporation of America had 52 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Tuesday, August 9 by Jefferies. They issued an "outperform" rating and a $95.00 price objective on the stock. The firm has "Buy" rating by Jefferies given on Tuesday, August 9. The stock has "Buy" rating by B. Riley & Co on Thursday, November 5. Jefferies maintained the stock with "Buy" rating in Thursday, October 19 report. Morgan Stanley maintained the shares of MCHP in report on Wednesday, December 13 with "Equal-Weight" rating. Wood downgraded the shares of FNF in report on Monday, July 18 to "Market Perform" rating. The rating was maintained by Hovde Group on Wednesday, January 24 with "Hold".

Investors sentiment increased to 1.15 in Q3 2017. Its down 0.14, from 0.98 in 2017Q2. 50 funds opened positions while 128 raised stakes. Liberty Cap Mngmt Incorporated has invested 0.01% of its portfolio in HCP, Inc. The firm owned 63,856 shares of the semiconductor company's stock after selling 640 shares during the period. Private Management Group Incorporated stated it has 9,681 shares. Meiji Yasuda Life Insurance accumulated 16,221 shares or 0.21% of the stock. Jnba Finance Advsrs invested in 0% or 85 shares. Loomis Sayles & Limited Partnership reported 1.02M shares stake. Thrivent Fin For Lutherans has invested 0.03% in RPM International Inc. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.04% or 51,981 shares in its portfolio. Comerica State Bank invested in 45,988 shares or 0.04% of the stock. It also upped Cogent Communications Hldgs (NASDAQ:CCOI) stake by 473,088 shares and now owns 2.34M shares. Ngam Advsrs LP has invested 0.03% in Packaging Corporation of America (NYSE:PKG). Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Therefore 78% are positive. Texas Permanent School Fund's holdings in Microchip Technology were worth $5,612,000 as of its most recent SEC filing. Zacks Investment Research upgraded shares of Microchip Technology from a "hold" rating to a "buy" rating and set a $103.00 price target for the company in a research note on Friday, January 5th. The firm earned "Buy" rating on Thursday, June 29 by Jefferies. Brinker Capital reported 17,159 shares. $205,380 worth of Microchip Technology Incorporated (NASDAQ:MCHP) was sold by SIMONCIC RICHARD J. Bjornholt James Eric sold $200,876 worth of Microchip Technology Incorporated (NASDAQ:MCHP) on Tuesday, August 22.

In other news, VP Stephen V. Drehobl sold 2,852 shares of the stock in a transaction on Wednesday, November 22nd. (NYSE:FNF) rating on Tuesday, September 12. Microchip Technology has an average rating of "Buy" and an average target price of $101.24. Deutsche Bank maintained it with "Buy" rating and $110.0 target in Wednesday, September 30 report.

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Other large investors have also recently modified their holdings of the company. 35 funds opened positions while 57 raised stakes. Russell Investments Group Ltd. purchased a new position in NCI Building Systems in the second quarter valued at about $878,000.

Investors sentiment increased to 0.83 in Q3 2017. Its up 0.15, from 1 in 2017Q2. The institutional investor owned 231,644 shares of the semiconductor company's stock after acquiring an additional 10,030 shares during the period. Nationwide Fund Advisors increased its position in Microchip Technology by 23.3% during the second quarter.

Iberiabank Corp reduced its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 2,803 are owned by Mirador Ptnrs Lp. (NASDAQ:OVAS). Meeder Asset has 4,785 shares for 0% of their portfolio. (NYSE:FNF). Aqr Ltd Com invested in 1.31M shares. Twin Capital Management Incorporated reported 0.04% in Microchip Technology Incorporated (NASDAQ:MCHP). Thrivent Financial For Lutherans accumulated 10,120 shares. De Burlo Gp holds 3.35% or 168,333 shares. Boltwood Capital Mgmt has 25,230 shares for 1.47% of their portfolio. It also reduced Industrial Select Sector Spdr (XLI) stake by 7,237 shares and now owns 232,163 shares. Microchip Technology Incorporated (NASDAQ:MCHP) has risen 68.30% since January 28, 2017 and is uptrending. Sterling Capital Management Limited Liability holds 0.03% or 22,469 shares in its portfolio. Baystate Wealth Mngmt Llc holds 0.02% or 5,809 shares in its portfolio. Asset Mngmt invested in 22,551 shares.

Shares of Microchip Technology (NASDAQ:MCHP) opened at $96.91 on Friday. California Employees Retirement Sys, California-based fund reported 26,800 shares. Microchip Technology's revenue for the quarter was up 16.2% compared to the same quarter last year. analysts anticipate that Microchip Technology will post 5.12 EPS for the current fiscal year. The stock increased 0.02% or $0.02 during the last trading session, reaching $122.41. After $1.37 actual earnings per share reported by Microchip Technology Incorporated for the previous quarter, Wall Street now forecasts -7.30 % negative EPS growth.

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