Rhumbline Advisers bought 4,861 shares as the company's stock rose 6.16% while stock markets declined. Neuberger Berman Group LLC now owns 370,733 shares of the semiconductor company's stock worth $33,284,000 after acquiring an additional 2,861 shares during the last quarter. Troy Asset Management Ltd who had been investing in Dr Pepper Snapple Group Inc for a number of months, seems to be bullish on the $21.56 billion market cap company.
The stock as of last trading session moved 23.09% up from its 52 week low and was -12.23% behind its 52 week high. Similar statistics are true for the second largest owner, Price T Rowe Associates Inc /Md/, which owns 20,174,568 shares of the stock are valued at $1.74 billion. It has underperformed by 38.40% the S&P500.
Shaker Investments Llc decreased its stake in Microchip Technology Inc (MCHP) by 16.51% based on its latest 2017Q4 regulatory filing with the SEC. First National Bank Of Omaha sold 5,123 shares as the company's stock rose 6.16% while stock markets declined. The institutional investor held 253,726 shares of the health care company at the end of 2017Q4, valued at $14.51M, up from 211,598 at the end of the previous reported quarter.
Shares of Microchip Technology stock traded down $1.07 during midday trading on Wednesday, hitting $88.00. This organization's stock showed a trading volume of 18.74 million shares, compared to its average daily volume of 13.39M shares. Insiders own 2.07% of Microchip Technology Incorporated (MCHP) shares. It has outperformed by 18.08% the S&P500.
Since February 22, 2018, it had 0 insider buys, and 9 selling transactions for $5.04 million activity. SANGHI STEVE had sold 20,124 shares worth $1.91M on Tuesday, March 6. The insider CHAPMAN MATTHEW W sold $564,492. SIMONCIC RICHARD J had sold 3,850 shares worth $324,093 on Thursday, February 22. 2,844 shares were sold by Sieving Charles E, worth $439,881 on Thursday, February 15. The company's shares were given away at $95.12 per share worth to an income of some $570,720 on account of Day L B.
Investors sentiment decreased to 1 in Q4 2017. The semiconductor company reported $1.36 EPS for the quarter, beating the Zacks' consensus estimate of $1.35 by $0.01.
Investors may be interested in viewing the Gross Margin score on shares of Microchip Technology Incorporated (NasdaqGS:MCHP). 73 funds opened positions while 207 raised stakes. Needham & Company LLC restated a "buy" rating and issued a $100.00 price target on shares of Microchip Technology in a research report on Friday, March 10th.
Analysts expect Microchip Technology Incorporated (NASDAQ:MCHP) to report $1.27 EPS on May, 8.They anticipate $0.17 EPS change or 15.45% from last quarter's $1.1 EPS. Davenport & Co Ltd Co has 0% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 3,606 shares. Wellington Management Group Ltd Liability Partnership has invested 0.14% in Microchip Technology Incorporated (NASDAQ:MCHP). 725,935 are held by Van Eck.
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On the other hand share of Office Depot, Inc. Jpmorgan Chase Com reported 4,161 shares stake. Creative Planning holds 3,286 shares. Pittenger And Anderson Inc reported 0% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP).
In other Microchip Technology news, Director Esther Johnson sold 2,275 shares of the business's stock in a transaction dated Wednesday, March 14th. Sandy Spring Bancorporation owns 79,310 shares. Epoch Prtnrs invested 0.05% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). Charter Co holds 0.04% in Microchip Technology Incorporated (NASDAQ:MCHP) or 4,027 shares. Public Sector Pension Investment Board holds 0.03% or 43,487 shares.
Among 24 analysts covering Microchip Technology (NASDAQ:MCHP), 23 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. The business's revenue for the quarter was up 19.1% compared to the same quarter last year. equities analysts anticipate that Microchip Technology will post 5.13 earnings per share for the current fiscal year.
Despite the fact that a low P/E ratio may make a stock look like a good buy, factoring in the company's growth rate to get the stock's PEG ratio can tell a different story. Microchip Technology presently has an average rating of "Buy" and a consensus target price of $103.99.
Among 24 analysts covering Microchip Technology (NASDAQ:MCHP), 23 have Buy rating, 0 Sell and 1 Hold. The firm earned "Buy" rating on Tuesday, August 9 by Citigroup. The company was maintained on Monday, September 11 by Jefferies. Summit Redstone Partners upgraded the shares of MCHP in report on Tuesday, April 4 to "Buy" rating. Stifel Nicolaus maintained it with "Buy" rating and $9100 target in Tuesday, June 6 report. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) earned "Buy" rating by B. Riley & Co on Thursday, November 5. The firm earned "Buy" rating on Friday, September 11 by BMO Capital Markets. It also increased its holding in S & T Bancorp Inc (NASDAQ:STBA) by 72,792 shares in the quarter, for a total of 1.29M shares, and has risen its stake in F5 Networks Inc (NASDAQ:FFIV). Finally, Pinebridge Investments L.P. bought a new position in shares of Microchip Technology during the third quarter worth about $783,000.
MCHP has been the subject of a number of research reports. During the same quarter in the previous year, the company posted $1.05 EPS. After $1.30 actual earnings per share reported by Microchip Technology Incorporated for the previous quarter, Wall Street now forecasts -2.31% negative EPS growth.
Analysts await Gilead Sciences, Inc. This YTD return is simply the amount of profit generated by an investment since the beginning of the current calendar year. GM's profit will be $1.76B for 7.72 P/E if the $1.26 EPS becomes a reality. Strong earnings growth is essential to a stock's success and has the greatest impact on its future price performance. Therefore 65% are positive. Buckingham Research maintained it with "Buy" rating and $325 target in Friday, August 26 report. As per Wednesday, February 8, the company rating was maintained by Mizuho. BMO Capital Markets maintained the shares of GILD in report on Tuesday, January 2 with "Hold" rating. The rating was upgraded by Morgan Stanley on Tuesday, January 19 to "Overweight". Morgan Stanley rated the stock as an Underweight in a research note dated Monday, March 19th, 2018.
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