Aristotle Cap Management Ltd invested in 4.56 million shares or 3.18% of the stock.
Several other equities research analysts also recently weighed in on MCHP. Zions Bancorporation raised its holdings in shares of Microchip Technology by 215.5% in the 3rd quarter. Furthermore, the percentage of stocks above their 50-day moving average helps determine the overall health of the market. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Microchip Technology by 9.3% during the third quarter. HighTower Advisors LLC boosted its stake in shares of Microchip Technology by 49.1% in the 2nd quarter. Daiwa Group Inc holds 21,450 shares or 0.01% of its portfolio. Atlantic Trust Group LLC now owns 1,381,312 shares of the semiconductor company's stock worth $124,014,000 after acquiring an additional 992,572 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Microchip Technology by 79.5% in the 2nd quarter. Looking at the stock's movement on the chart, Microchip Technology Incorporated recorded a 52-week high of $99.17.
Investors are looking attentively on Microchip Technology Incorporated (MCHP) as shares traded with addition change of 0.43% at $88.93 during last trading day on a USA exchange. It traded total volume of 38,536,898 shares higher than the average volume of 1.26M shares. The firm has a market cap of $21,390.00, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 1.19 and a beta of 1.08. Total debt to equity ratio of the company for most recent quarter is 0.59 while Long term debt to equity ratio for same time period is 0.32. Japan-based Nippon Life Insur has invested 0.03% in Microchip Technology Incorporated (NASDAQ:MCHP). The semiconductor company reported $1.36 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.35 by $0.01.
The company's Average Revenue Estimate for the current quarter is $1.03 Billion, while Low and High Revenue Estimates are $1.01 Billion and $1.04 Billion respectively. Susquehanna maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Tuesday, November 7. The firm's revenue for the quarter was up 19.1% on a year-over-year basis.
Microchip says the transaction is expected to close in the second quarter of 2018 and expects the deals to be immediately accretive to its adjusted earnings per share.
Instead, they should also do their own research-such as reading the prospectus for new companies or for public companies, the quarterly and annual reports filed with the SEC-to confirm whether a particular investment is appropriate for them in light of their individual financial circumstances.
Since February 22, 2018, it had 0 buys, and 4 sales for $1.31 million activity. This is an increase from Microchip Technology's previous quarterly dividend of $0.36. Microchip Technology had 66 analyst reports since August 5, 2015 according to SRatingsIntel.
Microchip Technology Incorporated (MCHP) try to takes its position in context of active momentum, while shares price added 0.10% with the closing value of $89.02 during Thursday trading session. MCHP stock price revealed optimistic move of 2.47% comparing average price of last 200 days. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mitchell R. Little sold 4,159 shares of Microchip Technology stock in a transaction dated Thursday, February 22nd. After the giving short look at one day return of Microchip Technology Incorporated it is observed that MCHP reported up return of 0.10% in last trading session. The disclosure for this sale can be found here. Twin Tree Management LP now owns 2,210 shares of the semiconductor company's stock worth $194,000 after purchasing an additional 10,646 shares during the period. MCHP's SI was 28.23M shares in March as released by FINRA. Stifel Nicolaus reiterated a "buy" rating and issued a $100.00 target price (up previously from $94.00) on shares of Microchip Technology in a research report on Tuesday, November 7th.
The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 1.90 for MCHP and 2.30 for CERN, which implies that analysts are more bullish on the outlook for CERN. On Friday, August 4 the stock rating was maintained by Needham with "Buy".
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"This transaction represents a compelling opportunity for Microsemi stockholders, employees and customers by combining the leading embedded control market position of Microchip Technology with the world class power, security, reliability and performance solutions from Microsemi", said James J. Peterson, Chairman and CEO of Microsemi.