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How Many Microchip Technology Inc. (NASDAQ:MCHP)'s Analysts Are Bullish?

10 June 2017

The stock volatility for week was 1.64% while for month was 1.75%.The stock, as of last close, traded 80.51% to its 52 week low and was changed 0.82% from its 52 week high. The Alecta Pensionsforsakring Omsesidigt holds 6.95 million shares with $431.87M value, up from 5.00M last quarter. Microsoft Corp now has $554.50 billion valuation. The stock decreased 0.61% or $0.44 during the last trading session, reaching $71.95. About 643 shares traded. Collagen Solutions PLC (LON:COS) has 0.00% since June 9, 2016 and is. (NASDAQ:MCHP) or 36,824 shares. Microchip Technology's payout ratio is presently 378.95%. During the last 52 weeks, the MCHP price has been as high as $86.51 and as low as $47.81. The company had a trading volume of 212,556 shares. It has outperformed by 51.60% the S&P500.

Microchip Technology Incorporated is engaged in developing, manufacturing and selling specialized semiconductor products used by its clients for a range of embedded control applications. Microchip Technology Inc. The company has a market capitalization of $19.27 billion, a price-to-earnings ratio of 122.77 and a beta of 1.08. The Firm operates through two divisions: semiconductor products and technology licensing. It has a 129.48 P/E ratio. In the semiconductor products segment, the Company designs, develops, manufactures and markets microcontrollers, development tools and analog, interface, mixed signal and timing products.

Investors sentiment increased to 1.16 in 2016 Q4. Its up 0.72, from 1.26 in 2016Q3. In terms of the stock price in relation to its moving averages, company shares are 6.36% away from the 20-day moving average and 12.27% off of the 50-day average. 78 funds opened positions while 179 raised stakes. Cadence Mngmt Ltd Liability Company holds 0.11% of its portfolio in Microchip Technology Inc. Shares of MCHP have uptrended 17.37% in the past three months, while the industry overall has moved 12.48% in that time. Bridgewater L P reported 0.07% stake. Sei Invs holds 0.05% of its portfolio in Mercadolibre Inc (NASDAQ:MELI) for 61,758 shares. Massachusetts-based Liberty Mutual Grp Asset Management has invested 0.03% in Mattel, Inc. (NASDAQ:MCHP) for 200 shares. 83,882 are owned by Ontario Teachers Pension Plan Board. According to the past 12 months report, the income was nearly $588.80M and sales remained $10.17B. The semiconductor company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.10. Benjamin F Edwards & Company holds 342 shares. Jefferies maintained Microchip Technology Inc. (NASDAQ:MCHP) on Wednesday, March 8. The correct version of this report can be read at https://www.chaffeybreeze.com/2017/06/09/zacks-analysts-anticipate-microchip-technology-inc-mchp-will-announce-quarterly-sales-of-909-45-million-updated-updated-updated.html.

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Shares of Microchip Technology Incorporated (NASDAQ:MCHP) showed increased movement during previous trade. (NASDAQ:MCHP). Epoch Investment, New York-based fund reported 2.18M shares. Hightower Advsrs Limited stated it has 12,384 shares. SIMONCIC RICHARD J also sold $226,739 worth of Microchip Technology Inc. Microchip Technology Incorporated (MCHP) earnings have declined with an annualized rate of -15.2% over the last 5 years. (NASDAQ:MCHP) on Wednesday, February 22. DREHOBL STEPHEN V sold $319,072 worth of stock.

06/06/2017 - Microchip Technology Incorporated had its "outperform" rating reiterated by analysts at Credit Suisse. (NASDAQ:MCHP) was sold by MEYERCORD WADE F. Bjornholt James Eric sold 2,557 shares worth $185,319. California State Teachers Retirement Sys has invested 0.06% in Microchip Technology Inc. (NASDAQ:MAT), 10 have Buy rating, 0 Sell and 3 Hold. $4.04 million worth of Microchip Technology Inc. Therefore 86% are positive. Collagen Solutions had 7 analyst reports since September 16, 2015 according to SRatingsIntel. As per Friday, September 30, the company rating was initiated by Mizuho. The company now has an average rating of "Buy" and a consensus price target of $80.67. Goldman Sachs maintained Microchip Technology Inc. (NASDAQ:MCHP) on Tuesday, August 9 with "Buy" rating. Needham upgraded it to "Buy" rating and $60 target in Monday, January 18 report. (NASDAQ:MCHP) has "Neutral" rating given on Monday, November 9 by Bank of America. As per Tuesday, November 8, the company rating was maintained by Needham. It looks like analysts are feeling bullish about the stock with overall sell-side analysts calling it a not a Buy. The firm has "Sell" rating by Goldman Sachs given on Tuesday, April 5. The rating was initiated by CLSA with "Buy" on Tuesday, May 17. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Therefore 82% are positive. Microchip Technology had 27 analyst reports since August 5, 2015 according to SRatingsIntel.

Investors of this company earned a return of 2.30% on the assets it owns in past twelve month. (NASDAQ:MCHP) rating on Wednesday, November 30. The stock of Mercadolibre Inc (NASDAQ:MELI) earned "Neutral" rating by JP Morgan on Monday, March 14. The firm has "Overweight" rating given on Friday, August 5 by Piper Jaffray. Envestnet Asset Management invested in 0.02% or 77,592 shares.

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Investors sentiment increased to 1.98 in 2016 Q4. Its up 0.11, from 0.84 in 2016Q3. Shares for $425,408 were sold by DAY L B. 11 funds opened positions while 34 raised stakes. Asset Mgmt One Communications Limited stated it has 68,437 shares or 0.03% of all its holdings. Moreover, High Pointe Capital Mgmt Limited Liability Corp has 2.32% invested in Microsoft Corporation (NASDAQ:MSFT) for 22,755 shares. Nfc Invests stated it has 3,290 shares. (NASDAQ:DHIL). Broad Run Investment Management Ltd Liability Corp has 0.92% invested in Diamond Hill Investment Group, Inc. Tt has invested 2.76% in Microsoft Corporation (NASDAQ:MSFT). Meiji Yasuda Asset owns 8,223 shares for 0.06% of their portfolio. Abner Herrman And Brock Llc invested in 0.08% or 5,795 shares. Icon Advisers Inc Comm has 0.12% invested in Microsoft Corporation (NASDAQ:MSFT). Pring Turner Capital Group holds 2.17% or 32,850 shares in its portfolio. Zweig holds 3,800 shares or 0.02% of its portfolio.

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