Microchip Technology Inc’s Sentiment

“Big money sentiment for Microchip Technology Inc (NASDAQ:MCHP) in 2018 Q4 decreased to 0.74, revealed SEC filings. So its down -0.23, from 2018Q3’s 0.97. 233 active investment managers started new and increased positions, while 316 reduced and sold their positions in Microchip Technology Inc so the sentiment turned negative. These funds own 264.08 million shares, that’s up from 257.56 million shares in 2018Q3. Funds holding Microchip Technology Inc in top 10 changed to 10 from 5 for an increase of 5. 76 Investors Sold All; 240 Reduced Holdings; 172 increased holdings while 61 active investment managers bought holdings.

Biggest Microchip Technology Inc Investors

As of 2018 Q4 Lyrical Asset Management Lp has 4.61% invested in Microchip Technology Inc. Microchip Technology Inc’s shareholder Platinum Investment Management Ltd owns 1.77 million shares as of 2018 Q4. Mar Vista Investment Partners Llc reported 1.57 million shares. The New York-based fund Harber Asset Management Llc have invested about 3.66% of the investment professional’s stock portfolio in Microchip Technology Inc. The California-based fund Doheny Asset Management Ca looks positive on Microchip Technology Inc, having 68,060 shares.

Microchip Technology Incorporated develops, makes, and sells semiconductor products for various embedded control applications.The company has $22.65 billion market cap. The firm offers general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers; and microcontrollers for automotive networking, computing, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity.72.59 is the P/E ratio. It also provides development tools that enable system designers to program microcontroller products for specific applications; analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, radio frequency , drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products; and memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, and serial static random access memories for the production of very small footprint devices.

Ticker’s shares touched $95.6 during the last trading session after 0.25% change.Microchip Technology Incorporated has 3.19 million shares volume, 16.56% up from normal. MCHP is downtrending and has moved 0.51% since April 16, 2018. MCHP underperformed the S&P 500 by 4.88%.

On May, 14 Microchip Technology Incorporated (NASDAQ:MCHP)’s earnings release is anticipated by WallStreet, Faxor reports. Analysts forecast $1.31 earnings per share, which is $0.02 down or 1.50 % from 2018’s $1.33 earnings per share. If the current earnings per share of $1.31 is accurate, MCHP’s profit could reach $310.43M. -13.25 % negative EPS growth is what analysts predict. $1.51 earnings per share was published for previous quarter.

864 were accumulated by Webster Bankshares N A. Lenox Wealth Mgmt Inc has 100 shs for 0% of their capital. Moreover, Saturna Cap has 1.3% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 535,140 shs. 6,816 are owned by Cypress Cap Gru. Barrett Asset Mngmt Ltd Liability has invested 0% in Microchip Technology Incorporated (NASDAQ:MCHP). Pub Sector Pension Invest Board has 0.01% invested in Microchip Technology Incorporated (NASDAQ:MCHP). Group Inc One Trading Lp invested 0.01% in Microchip Technology Incorporated (NASDAQ:MCHP). Morgan Stanley invested in 0.05% or 2.39 million shs. Oppenheimer Com holds 22,652 shs or 0.05% of its capital. Moreover, Reilly Finance Advisors Ltd Liability Corp has 0.01% invested in Microchip Technology Incorporated (NASDAQ:MCHP). Mirae Asset Glob Investments Ltd reported 43,974 shs. Gemmer Asset Mgmt Ltd Company reported 0% of its capital in Microchip Technology Incorporated (NASDAQ:MCHP). Bb&T Corporation reported 86,122 shs or 0.13% of all its holdings. Suntrust Banks Incorporated reported 0.01% of its capital in Microchip Technology Incorporated (NASDAQ:MCHP). Shine Investment Advisory Services Inc owns 275 shs for 0.01% of their capital.

Microchip Technology Incorporated registered $1.66 million net activity with 0 insider buys and 6 selling transactions since November 23, 2018. On Friday, November 23 $134,464 worth of stock was sold by Bjornholt James Eric. On Friday, February 15 CHAPMAN MATTHEW W sold $424,246 worth of Microchip Technology Incorporated (NASDAQ:MCHP). 3,171 Microchip Technology Incorporated (NASDAQ:MCHP) shs with value of $228,502 were sold by SIMONCIC RICHARD J. On Friday, November 23 Shares for $307,768 were sold by DREHOBL STEPHEN V.

Microchip Technology Incorporated (NASDAQ:MCHP) Ratings Coverage

In total 8 analysts cover Microchip Technology (NASDAQ:MCHP). “Buy” rating has 6, “Sell” are 0, while 2 are “Hold”. (NASDAQ:MCHP) has 75% bullish analysts. 14 are the (NASDAQ:MCHP)’s ratings reports on 16 Apr 2019 according to StockzIntelligence Inc. In Thursday, November 8 report Jefferies maintained it with “Buy” rating and $102 target. On Tuesday, March 5 Mizuho maintained the shares of MCHP in report with “Buy” rating. On Wednesday, December 19 the firm has “Equal-Weight” rating by Morgan Stanley given. On Thursday, January 24 the rating was downgraded by Needham to “Buy”. On Thursday, February 21 the firm has “Hold” rating given by Cowen & Co. On Thursday, November 8 the firm has “Buy” rating by FBR Capital given. On Wednesday, March 6 the stock has “Buy” rating by FBR Capital. On Thursday, March 21 Piper Jaffray maintained Microchip Technology Incorporated (NASDAQ:MCHP) with “Buy” rating. On Friday, March 8 the firm earned “Buy” rating by Jefferies.

For more Microchip Technology Incorporated (NASDAQ:MCHP) news announced recently go to: Seekingalpha.com, Seekingalpha.com, Nasdaq.com, Seekingalpha.com or Nasdaq.com. The titles are as follows: “Microchip Technology Q3 2018 Earnings Preview – Seeking Alpha” announced on February 04, 2019, “Microchip reports Q3 beats, mixed guidance – Seeking Alpha” on February 05, 2019, “MCHP Crosses Below Key Moving Average Level – Nasdaq” with a publish date: March 27, 2019, “Microchip Technology declares $0.3645 dividend – Seeking Alpha” and the last “Microchip Technology Becomes Oversold (MCHP) – Nasdaq” with publication date: August 14, 2018.