This is what analysts have to say about Microchip Technology Incorporated (NASDAQ:MCHP) after last week.

March 2, 2018 - By Adrian Erickson

 This is what analysts have to say about Microchip Technology Incorporated (NASDAQ:MCHP) after last week.
Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.15, from 1 in 2017Q2. It improved, as 25 investors sold Microchip Technology Incorporated shares while 231 reduced holdings. 72 funds opened positions while 223 raised stakes. 239.62 million shares or 1.85% more from 235.26 million shares in 2017Q2 were reported.
Peddock Advsrs Lc invested in 0.46% or 9,953 shares. Dekabank Deutsche Girozentrale invested in 78,191 shares. Dorsey Whitney Trust Limited Liability accumulated 2,275 shares or 0.04% of the stock. Nbt Retail Bank N A New York reported 36,290 shares. Mason Street Advsr Ltd Com holds 0.07% in Microchip Technology Incorporated (NASDAQ:MCHP) or 32,307 shares. 2,934 are owned by Rockefeller Services. First Bankshares Trust invested 1.41% in Microchip Technology Incorporated (NASDAQ:MCHP). Macquarie Group Inc Ltd accumulated 151,939 shares or 0.02% of the stock. Virginia-based Davenport And has invested 0% in Microchip Technology Incorporated (NASDAQ:MCHP). Orrstown Services holds 1.45% in Microchip Technology Incorporated (NASDAQ:MCHP) or 14,458 shares. Muhlenkamp And reported 98,815 shares or 2.79% of all its holdings. Financial Bank invested 0.07% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). Boston Private Wealth Limited Liability has invested 0.31% in Microchip Technology Incorporated (NASDAQ:MCHP). Parametric Port Associates Ltd Limited Liability Company holds 0.09% or 943,194 shares. Thompson Siegel Walmsley Ltd Com owns 519 shares for 0% of their portfolio.

Since February 22, 2018, it had 0 insider purchases, and 4 selling transactions for $1.31 million activity. 2,109 shares were sold by Bjornholt James Eric, worth $177,536. SIMONCIC RICHARD J sold $324,093 worth of stock or 3,850 shares. LITTLE MITCHELL R sold $349,938 worth of stock or 4,159 shares.

Microchip Technology Incorporated (NASDAQ:MCHP) Ratings Coverage

Among 23 analysts covering Microchip Technology (NASDAQ:MCHP), 18 have Buy rating, 0 Sell and 5 Hold. Therefore 78% are positive. Microchip Technology had 64 analyst reports since August 5, 2015 according to SRatingsIntel. On Tuesday, November 7 the stock rating was maintained by B. Riley & Co with “Buy”. The firm has “Buy” rating given on Tuesday, June 6 by Susquehanna. The rating was maintained by Jefferies on Saturday, August 8 with “Buy”. Bank of America upgraded the shares of MCHP in report on Tuesday, November 8 to “Buy” rating. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) earned “Buy” rating by Citigroup on Tuesday, August 9. On Monday, August 24 the stock rating was downgraded by Drexel Hamilton to “Buy”. The firm has “Buy” rating by Jefferies given on Wednesday, August 5. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, December 13. The rating was maintained by Jefferies with “Buy” on Thursday, August 3. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) has “Neutral” rating given on Friday, September 30 by Mizuho. Below is a list of Microchip Technology Incorporated (NASDAQ:MCHP) latest ratings and price target changes.

01/03/2018 Broker: SunTrust Rating: Hold New Target: $97.0 Maintain
07/02/2018 Broker: SunTrust Rating: Hold Maintain
07/02/2018 Broker: KeyBanc Capital Markets Rating: Hold Maintain
07/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $99 New Target: $96 Maintain
07/02/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $120 New Target: $110 Maintain
19/12/2017 Broker: PiperJaffray Rating: Overweight New Target: $100 Initiates Coverage On
13/12/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $97 New Target: $99 Maintain
07/11/2017 Broker: J.P. Morgan Rating: Buy New Target: $120.0
07/11/2017 Broker: Susquehanna Rating: Buy New Target: $107.0 Maintain
07/11/2017 Broker: B. Riley & Co Rating: Buy Old Target: $120 New Target: $123 Maintain

The stock increased 2.55% or $2.27 during the last trading session, reaching $91.29. About 8.00 million shares traded or 191.93% up from the average. Microchip Technology Incorporated (NASDAQ:MCHP) has risen 68.30% since March 2, 2017 and is uptrending. It has outperformed by 51.60% the S&P500.

Microchip Technology Incorporated develops, makes, and sells semiconductor products for various embedded control applications. The company has market cap of $21.39 billion. 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. It has a 90.57 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.

More notable recent Microchip Technology Incorporated (NASDAQ:MCHP) news were published by: Investorplace.com which released: “3 Stocks to Watch on Wednesday: Akamai Technologies, Inc. (AKAM), Cerner …” on February 07, 2018, also Globenewswire.com with their article: “Microchip Technology Narrows Financial Guidance for Fourth Quarter Fiscal 2018” published on March 01, 2018, Globenewswire.com published: “Microchip Technology to Present at the Citi 2018 Global Industrials Conference” on February 20, 2018. More interesting news about Microchip Technology Incorporated (NASDAQ:MCHP) were released by: Benzinga.com and their article: “30 Stocks Moving In Friday’s Pre-Market Session” published on March 02, 2018 as well as Globenewswire.com‘s news article titled: “Microchip Technology Announces Net Sales and Results for Third Quarter of …” with publication date: February 06, 2018.

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