Microchip Technology (NASDAQ:MCHP) Upgraded to "Buy" at Zacks Investment Research

The company has market cap of $2.51 billion. The stock added 0.13% beyond one week and climbed 5.40% during previous one month session. About 703,923 shares traded. Foundation Medicine, Inc. (FMI) has risen 124.70% since January 12, 2017 and is uptrending. It has underperformed by 7.61% the S&P500.

Cookson Peirce & Co Inc increased its stake in Microchip Technology Inc (MCHP) by 11.48% based on its latest 2017Q3 regulatory filing with the SEC. Syntal Capital Partners Llc sold 5,347 shares as the company's stock rose 11.86% with the market. The institutional investor held 95,200 shares of the semiconductors company at the end of 2017Q3, valued at $8.55M, up from 85,900 at the end of the previous reported quarter. The company has market cap of $21.86 billion. About 501,294 shares traded.

Shares of Microchip Technology Incorporated (NASDAQ:MCHP) have seen a movement of 1.28% in the most recent session. It has outperformed by 51.60% the S&P500. Commonwealth Bank of Australia increased its stake in shares of Microchip Technology by 1.4% during the second quarter. Its up 0.15, from 1 in 2017Q2.

Several other institutional investors have also sold shares of the company. Hartline Corp invested 0.51% in Microchip Technology Incorporated (NASDAQ:MCHP). Cullen Frost Bankers Inc holds 0.01% or 4,636 shares in its portfolio. Sun Life accumulated 0.04% or 4,285 shares. The New York-based Needham Investment Management Llc has invested 0.59% in the stock. State Of Tennessee Treasury Department has 143,721 shares. Orrstown Fincl Svcs holds 1.45% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP) for 14,458 shares.

Kbc Group Nv, which manages about $11.02B US Long portfolio, upped its stake in Union Pac Corp (NYSE:UNP) by 16,233 shares to 194,744 shares, valued at $22.59M in 2017Q3, according to the filing. Principal Grp stated it has 0.01% in Entercom Communications Corp. California Employees Retirement holds 0.01% or 148,900 shares in its portfolio. The firm owned $8.85 million shares of the company's stock after selling 103065 shares during the period. Hotchkis & Wiley Capital Lc stated it has 0% of its portfolio in Entercom Communications Corp. (NYSE:ETM) for 14,638 shares. Arizona State Retirement Sys, Arizona-based fund reported 18,300 shares. The firm has "Hold" rating given on Wednesday, September 6 by KeyBanc Capital Markets. Therefore 63% are positive. AMAG Pharmaceuticals had 34 analyst reports since August 18, 2015 according to SRatingsIntel. As per Monday, July 24, the company rating was maintained by Cantor Fitzgerald. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock of United Community Banks, Inc.

When we look at the Analyst Recommendations of the stock, the company has 1.6 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Therefore 0 are positive. During the same quarter in the prior year, the business earned $0.94 earnings per share. equities analysts forecast that Microchip Technology will post 5.12 EPS for the current fiscal year. Also, VP Stephen V. Drehobl sold 2,852 shares of the firm's stock in a transaction that occurred on Wednesday, November 22nd. The company was maintained on Wednesday, December 13 by Morgan Stanley. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) earned "Buy" rating by Stifel Nicolaus on Tuesday, September 26. As per Monday, January 18, the company rating was upgraded by Needham. The stock has "Buy" rating by CLSA on Tuesday, May 17. On Tuesday, August 22 SIMONCIC RICHARD J sold $205,380 worth of Microchip Technology Incorporated (NASDAQ:MCHP) or 2,508 shares. The stock has "Buy" rating by Jefferies on Tuesday, August 9. Keefe Bruyette & Woods downgraded the shares of UCBI in report on Tuesday, November 29 to "Mkt Perform" rating.

Investors sentiment decreased to 1.19 in Q3 2017. Its down 0.37, from 1.55 in 2017Q2. It increased, as 25 investors sold MCHP shares while 231 reduced holdings.

Hedge funds have recently made changes to their positions in the stock.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Monday, November 6th. It also increased its holding in Sanofi (NYSE:SNY) by 7,300 shares in the quarter, for a total of 79,200 shares, and has risen its stake in Fiserv (NASDAQ:FISV). Tarbox Family Office has invested 0% in Microchip Technology Incorporated (NASDAQ:MCHP). Chase Inv Counsel Corporation owns 11,505 shares or 0.54% of their U.S. portfolio. Oakmont Corporation accumulated 515,810 shares or 7.83% of the stock. Gemmer Asset Mngmt Lc accumulated 210 shares. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. Dorsey & Whitney Trust Ltd Liability Company reported 0.04% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). The Ontario - Canada-based Savings Bank Of Montreal Can has invested 0.02% in Microchip Technology Incorporated (NASDAQ:MCHP). Citadel Limited Liability holds 3,495 shares. Shell Asset Management Company holds 32,776 shares.

Since August 15, 2017, it had 0 insider buys, and 5 insider sales for $963,084 activity. MEYERCORD WADE F sold $109,135 worth of stock or 1,300 shares. Bjornholt James Eric had sold 2,453 shares worth $200,876. 2,391 shares were sold by LITTLE MITCHELL R, worth $195,799. Global Endowment Mgmt LP owns 0.07% invested in Acxiom Corporation (NASDAQ:ACXM) for 19,960 shares. Needham maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Thursday, September 7. MCHP's profit would be $297.06 million giving it 18.39 P/E if the $1.27 EPS is correct. Pennsylvania-based Zeke Cap Advsr Ltd Company has invested 0.04% in Microchip Technology Incorporated (NASDAQ:MCHP).

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