Microchip Technology INC (MCHP) Valuation Declined While Raymond James Financial Services Advisors INC Increased Its Holding

Microchip Technology Incorporated (NASDAQ:MCHP) LogoInvestors sentiment increased to 1.1 in Q2 2018. Its up 0.29, from 0.81 in 2018Q1. It increased, as 32 investors sold MCHP shares while 236 reduced holdings. 67 funds opened positions while 228 raised stakes. 244.93 million shares or 1.39% less from 248.38 million shares in 2018Q1 were reported. Davenport & Company Ltd holds 0% or 2,676 shares in its portfolio. Systematic Financial Mngmt Ltd Partnership reported 137,870 shares or 0.31% of all its holdings. Two Sigma Securities Lc holds 0% in Microchip Technology Incorporated (NASDAQ:MCHP) or 2,931 shares. Moreover, Mar Vista Investment Prtnrs Ltd Liability has 3.09% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 866,980 shares. Macquarie Gru has 2,500 shares for 0% of their portfolio. Philadelphia Trust reported 145,027 shares. Natixis Advsr Lp owns 52,978 shares for 0.05% of their portfolio. Homrich & Berg has invested 0.01% in Microchip Technology Incorporated (NASDAQ:MCHP). Johnson Counsel has 2,630 shares for 0.01% of their portfolio. Price T Rowe Assocs Incorporated Md invested 0.42% in Microchip Technology Incorporated (NASDAQ:MCHP). Oregon Public Employees Retirement Fund owns 25,618 shares for 0.03% of their portfolio. Massmutual Tru Fsb Adv owns 118,543 shares. Dupont Cap Mgmt stated it has 16,555 shares or 0.04% of all its holdings. Godsey Gibb Assoc reported 157,415 shares. Duncker Streett & holds 1,156 shares.

Since August 22, 2018, it had 0 insider buys, and 8 selling transactions for $1.93 million activity. 3,196 shares were sold by LITTLE MITCHELL R, worth $269,519. Bjornholt James Eric sold $159,131 worth of stock or 1,887 shares. $228,502 worth of Microchip Technology Incorporated (NASDAQ:MCHP) was sold by SIMONCIC RICHARD J.

Raymond James Financial Services Advisors Inc increased its stake in Microchip Technology Inc (MCHP) by 6.02% based on its latest 2018Q2 regulatory filing with the SEC. Raymond James Financial Services Advisors Inc bought 42,482 shares as the company’s stock declined 18.23% while stock markets rallied. The institutional investor held 747,855 shares of the semiconductors company at the end of 2018Q2, valued at $68.02M, up from 705,373 at the end of the previous reported quarter. Raymond James Financial Services Advisors Inc who had been investing in Microchip Technology Inc for a number of months, seems to be bullish on the $17.24B market cap company. The stock decreased 2.13% or $1.59 during the last trading session, reaching $72.89. About 214,554 shares traded. Microchip Technology Incorporated (NASDAQ:MCHP) has declined 5.63% since December 6, 2017 and is downtrending. It has underperformed by 21.25% the S&P500.

Raymond James Financial Services Advisors Inc, which manages about $52.09B and $19.66B US Long portfolio, decreased its stake in Ishares Tr (SIZE) by 57,001 shares to 14,054 shares, valued at $1.18M in 2018Q2, according to the filing. It also reduced its holding in First Tr Nasdaq100 Tech Inde (QTEC) by 99,598 shares in the quarter, leaving it with 376,539 shares, and cut its stake in Ishares Tr (IAT).

More notable recent Microchip Technology Incorporated (NASDAQ:MCHP) news were published by: Seekingalpha.com which released: “Microchip Technology Incorporated (MCHP) CEO Steve Sanghi on Q2 2019 Results – Earnings Call Transcript – Seeking Alpha” on November 08, 2018, also Nasdaq.com with their article: “Microchip Technology Inc. Q2 adjusted earnings Beat Estimates – Nasdaq” published on November 07, 2018, Nasdaq.com published: “Implied MOAT Analyst Target Price: $51 – Nasdaq” on November 15, 2018. More interesting news about Microchip Technology Incorporated (NASDAQ:MCHP) were released by: Globenewswire.com and their article: “Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2019 – GlobeNewswire” published on November 07, 2018 as well as Nasdaq.com‘s news article titled: “Microchip Technology Incorporated (MCHP) Ex-Dividend Date Scheduled for November 20, 2018 – Nasdaq” with publication date: November 19, 2018.

Microchip Technology Incorporated (NASDAQ:MCHP) Ratings Coverage

Among 10 analysts covering Microchip Technology (NASDAQ:MCHP), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Microchip Technology had 13 analyst reports since July 19, 2018 according to SRatingsIntel. Raymond James downgraded the stock to “Market Perform” rating in Tuesday, September 25 report. Bank of America downgraded Microchip Technology Incorporated (NASDAQ:MCHP) on Monday, September 17 to “Neutral” rating. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) has “Equal-Weight” rating given on Wednesday, October 3 by Morgan Stanley. JP Morgan maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Friday, August 10. JP Morgan has “Overweight” rating and $113 target. PiperJaffray maintained it with “Overweight” rating and $150 target in Friday, July 27 report. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) earned “Overweight” rating by KeyBanc Capital Markets on Friday, August 10. Nomura maintained Microchip Technology Incorporated (NASDAQ:MCHP) on Friday, August 10 with “Buy” rating. As per Thursday, November 8, the company rating was maintained by FBR Capital. Jefferies maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Thursday, November 8. Jefferies has “Buy” rating and $102 target. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, October 10.

Microchip Technology Incorporated (NASDAQ:MCHP) Institutional Positions Chart

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