Microchip To Acquire Microsemi
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. State Board Of Administration Of Florida Retirement System bought 3,410 shares as the company's stock rose 11.86% with the market.
ServiceSource International, Inc. provides recurring revenue management, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies.
Among 23 analysts covering Microchip Technology (NASDAQ:MCHP), 18 have Buy rating, 0 Sell and 5 Hold.
A number of other analysts have also commented on MCHP. QS Investors LLC boosted its stake in shares of Microchip Technology by 6.5% during the 2nd quarter. Jaffetilchin Investment Partners LLC lifted its holdings in Microchip Technology by 15.9% in the fourth quarter. QS Investors LLC now owns 2,999 shares of the semiconductor company's stock valued at $231,000 after purchasing an additional 182 shares in the last quarter. Finally, Cordasco Financial Network increased its stake in shares of Microchip Technology by 15.0% in the third quarter. The firm owned 1,296,121 shares of the semiconductor company's stock after acquiring an additional 205,658 shares during the quarter. LITTLE MITCHELL R had sold 4,159 shares worth $349,938. If a buyer buys one share of stock from a seller, then that one share is added to the total volume of that particular stock.
D-C-Capital Advisors Ltd increased its stake in American Eagle Outfitters Inc (AEO) by 14.29% based on its latest 2017Q3 regulatory filing with the SEC. The shares were sold at an average price of $84.18, for a total value of $177,535.62. The disclosure for this sale can be found here.
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Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta reported 11,400 shares. If RVOL is less than 1 it is not In Play on this trading day and Investors may decide not to trade it.
A number of brokerages recently weighed in on MCHP. Needham & Company LLC increased their price objective on shares of Microchip Technology from $120.00 to $130.00 and gave the company a "strong-buy" rating in a research report on Tuesday, November 7th. The price target is the price an analyst believes the stock will achieve during their investment time horizon, which for most firms is 12 months. BidaskClub raised Microchip Technology from a "buy" rating to a "strong-buy" rating in a research report on Friday.
Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings results on Tuesday, February 6th. Investors should not rely exclusively on an analyst's recommendation when deciding whether to buy, sell or hold a stock. Microchip Technology presently has a consensus rating of "Buy" and a consensus target price of $93.99. Its 52-week high and low range is $99.17 and $71.4, respectively. Mizuho initiated the stock with "Neutral" rating in Friday, September 30 report. The return on assets ratio of the Company was 3.10% while its return on investment ratio was 5.00%.
Microchip has a market value of more than US$20 billion after a spree of some 19 acquisitions in the past decade. They are also projecting the Low EPS estimate of $1.36 and the High EPS estimate of $1.48. Microchip Technology had a net margin of 16.23% and a return on equity of 35.48%. The business had revenue of $994.10 million during the quarter, compared to analyst estimates of $992.10 million. During the same quarter in the prior year, the firm posted $1.05 EPS. If we take an observation in front to the next coming days, Street analysts have hope earnings growth of -51.30% for this year and may be getting earnings growth of 6.46% for next year. Investors of record on Wednesday, February 21st will be paid a dividend of $0.363 per share. Pictet Asset Management Ltd has invested 0.47% in Microchip Technology Incorporated (NASDAQ:MCHP). The ex-dividend date is Tuesday, February 20th. It has a dividend yield of 1.63%. Credit Suisse Group restated an "outperform" rating and set a $110.00 price objective (up previously from $95.00) on shares of Microchip Technology in a research report on Tuesday, November 7th.
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More notable recent Microchip Technology Incorporated (NASDAQ:MCHP) news were published by: Wsj.com which released: "Microchip Technology Nears Deal to Buy Microsemi" on February 27, 2018, also Globenewswire.com with their article: "Microchip Technology Declares Quarterly Cash Dividend of 36.30 Cents Per Share" published on February 06, 2018, Globenewswire.com published: "Low-Cost Debugging and Programming is Now Faster and More Feature Rich with ..." on February 27, 2018. "We are delighted to become part of Microchip Technology, a premier company in the semiconductor industry". The market capitalization of the company is $13.15 Billion.
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