Leading stocks in today's market: Microchip Technology Incorporated (NASDAQ:MCHP)

  • Leading stocks in today's market: Microchip Technology Incorporated (NASDAQ:MCHP)

Leading stocks in today's market: Microchip Technology Incorporated (NASDAQ:MCHP)

Kernodle & Katon Asset Management Group LLC raised its stake in Microchip Technology by 3.9% in the third quarter. Price T Rowe Associates Inc. Commonwealth Bank of Australia increased its stake in shares of Microchip Technology by 23.3% in the third quarter.

Glancing over stock's performance with EPS trend, the current quarter estimates trends for EPS by pool of analysts was $1.06 and for one month ago was $0.92, as Q1 2017 Trends estimate stands at $1.11, according to WSJ analytic reports. Janus Capital Management LLC boosted its stake in Microchip Technology by 63.0% in the fourth quarter. The stock was sold at an average price of $74.26, for a total value of $2,058,115.90. BlackRock Institutional Trust Company N.A. boosted its stake in Microchip Technology by 1.5% in the third quarter. During the same quarter in the prior year, the business earned $0.64 earnings per share. Northern Trust Corp boosted its stake in Microchip Technology by 0.6% in the third quarter. The forecast of 6 surveyed investment analysts covering the stock advises investors to Buy stake in the company.

Return on Assets (ROA) for Microchip Technology Incorporated NASDAQ:MCHP Semiconductor - Broad Line is now valued at 1.40%. Cornerstone Advisors Inc. now owns 2,510 shares of the company's stock valued at $156,000 after buying an additional 299 shares during the last quarter.

Microchip Technology Incorporated (NASDAQ:MCHP) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a report issued on Tuesday. The company's shares closed yesterday at $73.53, close to its 52-week high of $76.50. Microchip Technology Inc. The company has a market capitalization of $15.97 billion, a price-to-earnings ratio of 179.54 and a beta of 1.08. (NASDAQ:MCHP) reported its EPS in the last quarter as $1.05/Share beating the analyst estimate of $0.86/Share by the difference of $0.19. The company had revenue of $881.20 million for the quarter, compared to the consensus estimate of $849.14 million. Microchip Technology had a return on equity of 30.26% and a net margin of 3.10%. The business's quarterly revenue was up 59.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 EPS. The ex-dividend date of this dividend is Thursday, February 16th. Microchip Technology's dividend payout ratio (DPR) is now 378.95%.

Several insiders were part of recent insider activity for the stock.

On Wednesday, March 8th, Steve Sanghi sold 54,368 shares of Microchip Technology stock.

Many research firms have provided their ratings on Microchip Technology Inc.

12/20/2016 - Susquehanna began new coverage on Microchip Technology Incorporated giving the company a " rating. Microchip Technology presently has a consensus rating of "Buy" and a consensus price target of $75.13. Analysts have a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Stifel Nicolaus lifted their price objective on Microchip Technology from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, November 30th.

In other Microchip Technology news, VP Stephen V. Drehobl sold 4,268 shares of the firm's stock in a transaction on Wednesday, February 22nd. This ranking was created by James O'Shaughnessy using six different valuation ratios including price to book value, price to sales, EBITDA to EV, price to cash flow, price to earnings, and shareholder yield. Finally, Needham & Company LLC restated a "buy" rating and issued a $75.00 price target (up from $70.00) on shares of Microchip Technology in a research report on Tuesday, November 8th. Mr. David S. Lambert is one of the biggest insider owners in Microchip Technology Incorporated (NASDAQ:MCHP), according to U.S. Securities and Exchange Commission (SEC) filings. The shares were sold at an average price of $72.55, for a total value of $309,643.40. The disclosure for this sale can be found here.

The latest Insider trade was made on 28 Feb 2017 where SIMONCIC RICHARD J Officer did a transaction type "Buy" in which 553 shares were traded at a price of $38.44.