As Microchip Technology (MCHP) Stock Value Rose, Etrade Capital Management Has Cut Its Holding by $1.24 Million; Cadence Bank Na Has Raised Stake in Exxon Mobil (XOM)

February 24, 2018 - By Ellis Scott

Etrade Capital Management Llc decreased its stake in Microchip Technology Inc (MCHP) by 57.47% based on its latest 2017Q3 regulatory filing with the SEC. Etrade Capital Management Llc sold 13,923 shares as the company’s stock rose 11.86% with the market. The institutional investor held 10,302 shares of the semiconductors company at the end of 2017Q3, valued at $925,000, down from 24,225 at the end of the previous reported quarter. Etrade Capital Management Llc who had been investing in Microchip Technology Inc for a number of months, seems to be less bullish one the $19.96 billion market cap company. The stock increased 1.48% or $1.24 during the last trading session, reaching $85.16. About 2.06M shares traded. Microchip Technology Incorporated (NASDAQ:MCHP) has risen 68.30% since February 24, 2017 and is uptrending. It has outperformed by 51.60% the S&P500.

Cadence Bank Na increased its stake in Exxon Mobil Corp (XOM) by 2.1% based on its latest 2017Q3 regulatory filing with the SEC. Cadence Bank Na bought 6,703 shares as the company’s stock rose 0.21% with the market. The institutional investor held 325,798 shares of the integrated oil company at the end of 2017Q3, valued at $26.71M, up from 319,095 at the end of the previous reported quarter. Cadence Bank Na who had been investing in Exxon Mobil Corp for a number of months, seems to be bullish on the $328.65B market cap company. The stock increased 2.20% or $1.67 during the last trading session, reaching $77.53. About 13.38 million shares traded or 0.46% up from the average. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since February 24, 2017 and is downtrending. It has underperformed by 25.78% the S&P500.

Analysts await Microchip Technology Incorporated (NASDAQ:MCHP) to report earnings on May, 8. They expect $1.27 EPS, up 15.45% or $0.17 from last year’s $1.1 per share. MCHP’s profit will be $297.62 million for 16.76 P/E if the $1.27 EPS becomes a reality. After $1.30 actual EPS reported by Microchip Technology Incorporated for the previous quarter, Wall Street now forecasts -2.31% negative EPS growth.

Among 23 analysts covering Microchip Technology (NASDAQ:MCHP), 18 have Buy rating, 0 Sell and 5 Hold. Therefore 78% are positive. Microchip Technology had 63 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, November 7. Jefferies maintained the stock with “Buy” rating in Monday, September 11 report. Needham upgraded it to “Buy” rating and $60 target in Monday, January 18 report. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) has “Buy” rating given on Wednesday, February 7 by Bank of America. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) earned “Buy” rating by Jefferies on Thursday, August 3. Stifel Nicolaus maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Wednesday, November 30. Stifel Nicolaus has “Buy” rating and $70 target. The company was maintained on Tuesday, August 9 by Citigroup. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, January 19. Stifel Nicolaus maintained it with “Buy” rating and $94.0 target in Tuesday, September 26 report. CLSA initiated it with “Buy” rating and $58 target in Tuesday, May 17 report.

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.15, from 1 in 2017Q2. It improved, as 25 investors sold MCHP shares while 231 reduced holdings. 72 funds opened positions while 223 raised stakes. 239.62 million shares or 1.85% more from 235.26 million shares in 2017Q2 were reported. Ny State Teachers Retirement Systems holds 0.08% in Microchip Technology Incorporated (NASDAQ:MCHP) or 349,462 shares. State Of Wisconsin Inv Board owns 389,252 shares. The New Jersey-based Strategy Asset Managers Ltd has invested 3.04% in Microchip Technology Incorporated (NASDAQ:MCHP). Andra Ap holds 0.03% or 14,300 shares in its portfolio. The Michigan-based Bancorp has invested 0.65% in Microchip Technology Incorporated (NASDAQ:MCHP). Creative Planning owns 21,546 shares. Capital One National Association reported 0.38% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). 243,957 are held by Employees Retirement Sys Of Ohio. Jennison Limited Liability accumulated 903,643 shares. Clarivest Asset Management Ltd Limited Liability Company has 0.52% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 257,980 shares. Van Eck Associate holds 0.18% or 395,370 shares in its portfolio. Godsey And Gibb Associate holds 155,122 shares. Global X Mngmt Communication Lc has 2,992 shares. Alliancebernstein Ltd Partnership stated it has 0.03% in Microchip Technology Incorporated (NASDAQ:MCHP). Laurion Capital Ltd Partnership holds 0.02% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP) for 40,717 shares.

Etrade Capital Management Llc, which manages about $2.37 billion and $2.80 billion US Long portfolio, upped its stake in Trinet Group Inc (NYSE:TNET) by 11,773 shares to 39,155 shares, valued at $1.32M in 2017Q3, according to the filing. It also increased its holding in Ishares Core U.S. Aggregate Bo (AGG) by 184,292 shares in the quarter, for a total of 2.19 million shares, and has risen its stake in Topbuild Corp.

Since February 22, 2018, it had 0 buys, and 4 selling transactions for $1.31 million activity. 4,159 shares were sold by LITTLE MITCHELL R, worth $349,938. Shares for $177,536 were sold by Bjornholt James Eric on Thursday, February 22. 5,395 shares valued at $453,935 were sold by DREHOBL STEPHEN V on Thursday, February 22.

Since September 18, 2017, it had 0 insider buys, and 5 selling transactions for $5.23 million activity. 2,412 Exxon Mobil Corporation (NYSE:XOM) shares with value of $200,293 were sold by Wascom Dennis G. 12,000 Exxon Mobil Corporation (NYSE:XOM) shares with value of $996,628 were sold by Chapman Neil A. 7,281 shares were sold by Milton Bryan W, worth $606,082 on Tuesday, December 12. 19,500 shares were sold by Corson Bradley W, worth $1.62M on Monday, December 11.

Investors sentiment is 0.85 in 2017 Q3. Its the same as in 2017Q2. It is the same, as 57 investors sold XOM shares while 806 reduced holdings. only 114 funds opened positions while 621 raised stakes. 2.13 billion shares or 0.48% more from 2.12 billion shares in 2017Q2 were reported. Hbk Sorce Advisory Limited Liability accumulated 62,884 shares. Truepoint Inc accumulated 446,713 shares. Cleararc Cap Inc holds 1.47% or 119,295 shares in its portfolio. Stonebridge Cap, California-based fund reported 113,437 shares. Nj State Employees Deferred Compensation Plan accumulated 70,000 shares. 71,879 are held by Old Point And Financial N A. Hamilton Point Invest Advisors Ltd Liability has 7,424 shares. S&Co Incorporated invested 2.66% in Exxon Mobil Corporation (NYSE:XOM). Cornerstone Advisors stated it has 0.33% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Messner Smith Theme Value Mgmt Ltd Ca accumulated 0.85% or 6,672 shares. United Kingdom-based Pictet Asset Management Ltd has invested 0.58% in Exxon Mobil Corporation (NYSE:XOM). Synovus Financial Corp holds 0.58% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 372,141 shares. Moreover, Cliftonlarsonallen Wealth Advsr Lc has 0.22% invested in Exxon Mobil Corporation (NYSE:XOM) for 24,875 shares. M&T State Bank reported 1.9% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). American Natl Registered Invest Advisor stated it has 1.11% in Exxon Mobil Corporation (NYSE:XOM).

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 9 have Buy rating, 7 Sell and 10 Hold. Therefore 35% are positive. Exxon Mobil had 88 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Sector Outperform” rating by Howard Weil on Monday, June 5. The firm has “Neutral” rating by Goldman Sachs given on Monday, October 31. The firm has “Neutral” rating given on Monday, February 5 by Credit Suisse. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Strong-Buy” rating by Vetr on Wednesday, August 12. The rating was upgraded by Credit Suisse on Thursday, March 2 to “Neutral”. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, August 29. Jefferies maintained Exxon Mobil Corporation (NYSE:XOM) rating on Thursday, July 27. Jefferies has “Hold” rating and $8600 target. BMO Capital Markets maintained Exxon Mobil Corporation (NYSE:XOM) on Wednesday, January 10 with “Hold” rating. Goldman Sachs maintained Exxon Mobil Corporation (NYSE:XOM) rating on Friday, March 18. Goldman Sachs has “Conviction Buy” rating and $91 target. The firm has “Equal Weight” rating given on Tuesday, January 12 by Barclays Capital.

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