Microchip Technology Incorporated (MCHP) EPS Estimated At $1.27 on May, 8

April 16, 2018 - By Theresa Judd

Microchip Technology Incorporated (NASDAQ:MCHP) Corporate Logo
Big Money Sentiment decreased to 1 in Q4 2017. It has change of 0.15, from 2017Q3’s 1.15. The ratio worsened due to Microchip Technology Incorporated positioning: 44 sold and 235 reduced. 73 funds acquired stakes and 207 increased stakes. Investors holded 239.62 million in 2017Q3 but now own 236.19 million shares or 1.43% less.
Ferguson Wellman Mngmt has 0.01% invested in Microchip Technology Incorporated (NASDAQ:MCHP). Trust Of Vermont has invested 0.01% in Microchip Technology Incorporated (NASDAQ:MCHP). 950,333 are owned by Disciplined Growth Invsts Mn. Osterweis Capital Mgmt invested in 1.36% or 218,415 shs. Williams Jones And Associates Ltd Limited Liability Company holds 0.17% or 86,060 shs in its capital. National Bank Of Mellon Corp stated it has 0.05% of its capital in Microchip Technology Incorporated (NASDAQ:MCHP). Dearborn Prtn Llc, Illinois-based fund reported 2,600 shs. Schroder Invest Gru invested in 0.06% or 407,216 shs. Greystone Managed Invs Inc reported 26,735 shs. North Amer owns 54,461 shs for 0.73% of their capital. Jolley Asset Mngmt Limited Liability Company holds 88 shs. Bright Rock Limited Liability Corporation invested in 0.47% or 19,800 shs. Exxonmobil Inv Mgmt Tx stated it has 0.09% in Microchip Technology Incorporated (NASDAQ:MCHP). California Public Employees Retirement System reported 509,960 shs. Papp L Roy & Associates owns 32,013 shs for 0.56% of their capital.

Microchip Technology Incorporated had 9 insider sales and 0 insider buys since February 22, 2018. This’s net activity of $5.04 million. Shares for $474,590 were sold by MEYERCORD WADE F on Tuesday, March 6. On Monday, March 5 CHAPMAN MATTHEW W sold $564,492 worth of Microchip Technology Incorporated (NASDAQ:MCHP). $177,536 worth of Microchip Technology Incorporated (NASDAQ:MCHP) shs were sold by Bjornholt James Eric. $567,720 worth of Microchip Technology Incorporated (NASDAQ:MCHP) was sold by DAY L B on Wednesday, March 7. On Thursday, February 22 SIMONCIC RICHARD J also sold $324,093 worth of Microchip Technology Incorporated (NASDAQ:MCHP). On Tuesday, March 6 SANGHI STEVE had sold 20,124 shs worth $1.91 million.

Microchip Technology Incorporated (NASDAQ:MCHP)’s quarterly earnings will be revealed On May, 8., RTT reports. Analysts expect change of 15.45 % or $0.17 from previous year’s $1.1 earnings per share compared to current’s $1.27 earnings per share. If earnings per share of $1.27 is revealed the profit of MCHP could hit $297.61 million giving it 16.97 P/E. Analysts at Wall Street see Microchip Technology Incorporated’s -2.31 % negative EPS growth compared to $1.30 earnings per share for last quarter. The stock decreased 1.26% or $1.1 during the last trading session, reaching $86.23.Microchip Technology Incorporated is uptrending after having risen 29.63% since April 17, 2017. MCHP has 3.48 million volume or 1.72% up from normal. MCHP outperformed by 18.08% the S&P 500.

Microchip Technology Incorporated (NASDAQ:MCHP) Ratings Coverage

In total 15 analysts cover Microchip (NASDAQ:MCHP). “Buy” rating has 14, “Sell” are 0, while 1 are “Hold”. 93% are bullish. 22 are the (NASDAQ:MCHP)’s analyst reports since October 19, 2017 according to StockzIntelligence Inc. On Wednesday, February 7 Bank of America maintained the shares of MCHP in report with “Buy” rating. On Wednesday, December 13 the stock of Microchip Technology Incorporated (NASDAQ:MCHP) earned “Equal-Weight” rating by Morgan Stanley. On Tuesday, November 7 the firm has “Buy” rating by Stifel Nicolaus given. In Tuesday, November 7 report Susquehanna maintained the stock with “Buy” rating. On Monday, March 5 the firm earned “Buy” rating by Mizuho. On Friday, March 9 the firm has “Buy” rating given by SunTrust. In Thursday, October 19 report Jefferies maintained the stock with “Buy” rating. The company rating was maintained by Credit Suisse on Tuesday, November 7. On Thursday, March 8 Goldman Sachs upgraded Microchip Technology Incorporated (NASDAQ:MCHP) to “Buy” rating. On Friday, March 2 the firm has “Buy” rating by KeyBanc Capital Markets given.

Microchip Technology Incorporated develops, makes, and sells semiconductor products for various embedded control applications.The company has $20.21 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.The P/E ratio is 85.55. 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.

Microchip Technology Incorporated (NASDAQ:MCHP) Institutional Investors Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.