$1.27 EPS Expected for Microchip Technology Incorporated (MCHP)

Alfred Osborne
January 13, 2018

State Street Corp now owns 8,948,443 shares of the semiconductor company's stock valued at $690,652,000 after buying an additional 58,577 shares during the last quarter. Teacher Retirement System Of Texas who had been investing in Black Hills Corp for a number of months, seems to be bullish on the $2.91 billion market cap company.

In related news, CFO James Eric Bjornholt sold 1,801 shares of the firm's stock in a transaction that occurred on Wednesday, November 22nd. About 339,959 shares traded. Acxiom Corporation (NASDAQ:ACXM) has risen 34.36% since January 12, 2017 and is uptrending. It has underperformed by 1.21% the S&P500.

Syntal Capital Partners Llc decreased its stake in Microchip Technology Inc (MCHP) by 36.4% based on its latest 2017Q3 regulatory filing with the SEC. During the same period in the previous year, the company earned $0.94 EPS. sell-side analysts expect that Microchip Technology will post 5.12 earnings per share for the current year. The semiconductor company reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.14.

Microchip Technology Incorporated (NASDAQ:MCHP) has a market cap of $21.37 billion and over the last 12 months, MCHP has risen by 38.55%. The stock increased 1.44% or $1.33 during the last trading session, reaching $93.44. The company's market cap is $14.57 Billion, and the average volume is $1.48 Million.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Monday, November 6th. It has outperformed by 51.60% the S&P500.

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 63% are positive. Equities analysts predict that Microchip Technology will post $3.62 earnings per share for the current fiscal year. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) earned "Buy" rating by Stifel Nicolaus on Thursday, August 3. The firm has "Buy" rating by Jefferies given on Tuesday, June 6. The rating was upgraded by Raymond James to "Strong Buy" on Thursday, October 6. The rating was maintained by Stifel Nicolaus with "Buy" on Tuesday, November 7. The firm earned "Buy" rating on Friday, August 4 by B. Riley & Co. The insider MEYERCORD WADE F sold 1,300 shares worth $109,135. Nationwide Fund Advsr reported 0.07% in Microchip Technology Incorporated (NASDAQ:MCHP). 2,508 shares were sold by SIMONCIC RICHARD J, worth $205,380. Commonwealth Bank of Australia increased its stake in shares of Microchip Technology by 1.4% during the second quarter.

By seeing it past volatility it showed that volatility for the week is 0.85% while volatility for the month is 1.11%. The investor is now holding $5.55 million shares due in part to a decrease of 725705 new shares in their portfolio.

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Dimensional Fund Lp has invested 0% of its portfolio in Tile Shop Holdings, Inc. 11,623 are held by Hallmark Mngmt Incorporated. It increased, as 47 investors sold HSIC shares while 15 reduced holdings. 106 funds opened positions while 593 raised stakes.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Connable Office has invested 0.67% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP).

Microchip Technology Incorporated develops, makes, and sells semiconductor products for various embedded control applications.

Several research analysts have recently issued reports on MCHP shares. On Tuesday, August 22 DREHOBL STEPHEN V sold $251,894 worth of Microchip Technology Incorporated (NASDAQ:MCHP) or 3,076 shares. Commonwealth Bank of Australia now owns 2,124 shares of the semiconductor company's stock worth $163,000 after acquiring an additional 29 shares during the period. Cleararc Incorporated invested in 0.08% or 5,991 shares. The fund owned 4,878 shares of the semiconductor company's stock after purchasing an additional 668 shares during the period. Orrstown Fincl Svcs holds 1.45% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP) for 14,458 shares. 24,200 are held by Crestpoint Capital Management Lc. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Microchip Technology by 608.4% during the 3rd quarter. Needham maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Thursday, September 7. First Interstate Bank owns 1,250 shares or 0.02% of their USA portfolio. MCHP's profit will be $297.06 million for 18.34 P/E if the $1.27 EPS becomes a reality. 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.

Connable Office Inc, which manages about $489.14M US Long portfolio, upped its stake in Vaneck Vectors Oil Services Etf by 23,692 shares to 499,887 shares, valued at $13.03 million in 2017Q3, according to the filing. First Midwest Bancorp Division reported 5,185 shares stake.

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.15, from 1 in 2017Q2. It is negative, as 18 investors sold AZZ shares while 39 reduced holdings. 30 funds opened positions while 72 raised stakes. Company insiders own 2.13% of the company's stock. 82,660 are owned by Baillie Gifford & Com. Hsbc Public Limited Company accumulated 314,546 shares. Fenimore Asset Mgmt Inc has 3.31% invested in Microchip Technology Incorporated (NASDAQ:MCHP). 1,750 were reported by Envestnet Asset Management. Sun Life accumulated 0.04% or 4,285 shares. Old Mutual Customised Solutions (Proprietary) invested in 0.12% or 10,241 shares. Following the completion of the sale, the vice president now owns 13,710 shares of the company's stock, valued at approximately $893,343.60. Brinker Cap stated it has 0.01% in Black Hills Corporation (NYSE:BKH). (NYSE:AZZ) for 1,509 shares. Sei invested in 0.02% or 233,795 shares. 13,948 are held by Quantbot Tech Lp. Wellington Shields Com accumulated 10,000 shares. Bryn Mawr holds 0.32% or 62,974 shares.

Analysts suggested mean rating of 1.80, according to Finviz. Therefore 23% are positive. The company was downgraded on Wednesday, January 11 by Needham. The stock has "Outperform" rating by Wells Fargo on Tuesday, August 18. The stock has "Buy" rating by Bank of America on Tuesday, November 8. The company was maintained on Tuesday, August 9 by Jefferies. RBC Capital Markets maintained the stock with "Buy" rating in Monday, November 6 report. (NASDAQ:AMAG) rating on Wednesday, November 4.

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