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$1.27 EPS Expected for Microchip Technology Incorporated (MCHP)

13 January 2018

Rnc Capital Management Llc sold 407,588 shares as the company's stock rose 11.86% with the market. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.27 by $0.14. Rnc Capital Management Llc who had been investing in Microchip Technology Inc for a number of months, seems to be less bullish one the $21.79 billion market cap company. Vanguard Group Inc. now owns 23,622,558 shares of the semiconductor company's stock valued at $1,823,190,000 after buying an additional 1,042,622 shares during the last quarter. The institutional investor held 639,752 shares of the edp services company at the end of 2017Q3, valued at $15.76 million, up from 531,477 at the end of the previous reported quarter.

Piper Jaffray Companies started coverage on shares of Microchip Technology (NASDAQ:MCHP) in a research report sent to investors on Monday, December 18th, reports. It has outperformed by 51.60% the S&P500.

Eii Capital Management Inc increased its stake in Amag Pharmaceuticals Inc Com (AMAG) by 41.48% based on its latest 2017Q3 regulatory filing with the SEC. Needham & Company LLC raised Microchip Technology from a "buy" rating to a "strong-buy" rating and upped their price target for the company from $75.00 to $100.00 in a research note on Wednesday. The company has a market cap of $16.17 billion, a PE ratio of 325.543 and a beta of 1.08.

The stock decreased 1.36% or $0.95 during the last trading session, reaching $68.7. About 127,228 shares traded. It has underperformed by 18.24% the S&P500. Shares of Microchip Technology Incorporated (MCHP) are trading -3.97% downward from the 52-week high mark and 42.81% above from the fifty two-week low mark. Dynegy Inc. earnings have risen with an annualized rate of 53.2% over the last 5 years. MCHP's profit will be $297.06 million for 18.34 P/E if the $1.27 EPS becomes a reality. GOOG reported a change of 1.76% over the last week and performed 6.19% over the last month while its year to date (YTD) performance revealed an activity trend of 5.65%. (NYSE:EAT) by 1.52% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

By seeing it past volatility it showed that volatility for the week is 0.85% while volatility for the month is 1.11%. It is positive, as 25 investors sold Microchip Technology Incorporated shares while 231 reduced holdings. STATE STREET CORP owned 11.56% of Microchip Technology Incorporated (MCHP) worth $504.86 million at the end of the most recent reporting period. 7,000 are owned by Cap Management Assocs. 12,591 were reported by Marshall Wace Llp. Fred Alger Management stated it has 3.22M shares. Utah Retirement System invested 0.08% in Microchip Technology Incorporated (NASDAQ:MCHP). Zions Bancorporation increased its stake in shares of Microchip Technology by 215.5% during the third quarter. Baillie Gifford & has invested 0.01% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). Agf Investments holds 0.72% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP) for 731,846 shares. SIMONCIC RICHARD J also sold $205,380 worth of Microchip Technology Incorporated (NASDAQ:MCHP) on Tuesday, August 22. Deutsche Bankshares Ag stated it has 620,470 shares. Valeo Financial Advisors LLC acquired a new stake in shares of Microchip Technology during the 3rd quarter worth about $146,000. Thrivent Finance For Lutherans owns 503,307 shares or 0.05% of their U.S. portfolio. The company's outstanding shares are 232.05 Million. Wells Fargo And Mn holds 0.27% or 9.59 million shares in its portfolio. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) has "Buy" rating given on Tuesday, June 6 by Susquehanna. Keel Point LLC now owns 3,694 shares of the semiconductor company's stock valued at $285,000 after purchasing an additional 119 shares in the last quarter.

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 78% are positive.

Microchip Technology Inc.'s Average Earnings Estimate for the current quarter is $1.44, according to consensus of 16 analysts. Needham has "Buy" rating and $120.0 target. As per Friday, January 15, the company rating was upgraded by Needham. The firm has "Buy" rating by Jefferies given on Tuesday, November 7. Stifel Nicolaus maintained the stock with "Buy" rating in Tuesday, September 26 report.

Microchip Technology Inc. (MCHP) analysts on average have given a price target of $101.63 on MCHP stock. On Tuesday, April 5 the stock rating was maintained by Goldman Sachs with "Sell". The firm has "Buy" rating by Jefferies given on Wednesday, August 5. The firm has "Neutral" rating given on Wednesday, February 8 by Mizuho. JP Morgan maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Tuesday, August 9. Morgan Stanley restated an "overweight" rating and set a $94.00 price objective on shares of Microchip Technology in a research report on Wednesday, September 20th. Shares for $195,799 were sold by LITTLE MITCHELL R. Bjornholt James Eric sold $200,876 worth of stock. The shares were sold at an average price of $91.66, for a total transaction of $261,414.32. Shares for $251,894 were sold by DREHOBL STEPHEN V. It also increased its holding in Praxair Inc (NYSE:PX) by 17,320 shares in the quarter, for a total of 56,287 shares, and has risen its stake in State Str Corp (NYSE:STT).

Investors sentiment increased to 1.15 in Q3 2017. Its down 0.15, from 1.43 in 2017Q2. Sunbelt reported 3,090 shares. Credit Suisse Ag invested in 50,748 shares or 0% of the stock. Kirr Marbach & Company Limited Liability Company In owns 34,215 shares. Pub Sector Pension Investment Board has invested 0% in AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) for 9,158 shares.