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Davis R M INC Has Lifted Its Microchip Technology INC (MCHP) Holding by $5.01 Million as Shares Declined

Microchip Technology Incorporated (NASDAQ:MCHP) LogoInvestors sentiment increased to 1.1 in 2018 Q2. Its up 0.29, from 0.81 in 2018Q1. It improved, 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. Clearbridge Invs Ltd Limited Liability Company reported 0.02% stake. Timessquare Cap Mngmt Limited Liability has 0.33% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 538,100 shares. North American Mgmt owns 53,510 shares. Sheets Smith Wealth Mngmt holds 44,800 shares or 0.95% of its portfolio. Fulton Breakefield Broenniman Ltd Limited Liability Company invested in 1.61% or 110,412 shares. Nordea Invest Ab has 0.02% invested in Microchip Technology Incorporated (NASDAQ:MCHP). Citadel Advsr Limited Liability Corp accumulated 173,089 shares or 0.01% of the stock. Texas Yale Capital invested in 3,382 shares or 0.03% of the stock. Indiana-based First In has invested 0.03% in Microchip Technology Incorporated (NASDAQ:MCHP). 25,109 were accumulated by Jane Street Ltd. Guggenheim Limited Company stated it has 139,951 shares. Oppenheimer invested in 0.07% or 29,525 shares. Citigroup Inc reported 156,629 shares stake. Philadelphia Trust accumulated 1.18% or 145,027 shares. Price T Rowe Associate Md invested in 0.42% or 30.36M shares.

Since May 22, 2018, it had 0 insider purchases, and 8 insider sales for $2.43 million activity. LITTLE MITCHELL R sold 3,998 shares worth $374,013. 2,308 Microchip Technology Incorporated (NASDAQ:MCHP) shares with value of $215,913 were sold by Bjornholt James Eric. SIMONCIC RICHARD J also sold $254,424 worth of Microchip Technology Incorporated (NASDAQ:MCHP) shares.

Davis R M Inc increased its stake in Microchip Technology Inc (MCHP) by 12.29% based on its latest 2018Q2 regulatory filing with the SEC. Davis R M Inc bought 55,617 shares as the company’s stock declined 18.23% while stock markets rallied. The institutional investor held 508,123 shares of the semiconductors company at the end of 2018Q2, valued at $46.21 million, up from 452,506 at the end of the previous reported quarter. Davis R M Inc who had been investing in Microchip Technology Inc for a number of months, seems to be bullish on the $16.99B market cap company. The stock decreased 3.12% or $2.32 during the last trading session, reaching $72.13. About 4.36 million shares traded. Microchip Technology Incorporated (NASDAQ:MCHP) has declined 5.63% since November 10, 2017 and is downtrending. It has underperformed by 21.25% the S&P500.

Davis R M Inc, which manages about $2.84B and $2.57B US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 16,682 shares to 419,623 shares, valued at $77.68M in 2018Q2, according to the filing. It also reduced its holding in Red Hat Inc (NYSE:RHT) by 24,799 shares in the quarter, leaving it with 335,324 shares, and cut its stake in Stryker Corp (NYSE:SYK).

More important recent Microchip Technology Incorporated (NASDAQ:MCHP) news were published by: Seekingalpha.com which released: “Microchip Technology declares $0.3645 dividend” on November 07, 2018, also Seekingalpha.com published article titled: “Microchip Technology Incorporated (MCHP) CEO Steve Sanghi on Q2 2019 Results – Earnings Call Transcript”, Nasdaq.com published: “Microchip Technology Inc (MCHP) Q2 2019 Earnings Conference Call Transcript” on November 08, 2018. More interesting news about Microchip Technology Incorporated (NASDAQ:MCHP) was released by: Streetinsider.com and their article: “Microchip Technology (MCHP) PT Lowered to $98 at Mizuho Securities” with publication date: November 08, 2018.

Microchip Technology Incorporated (NASDAQ:MCHP) Ratings Coverage

Among 11 analysts covering Microchip Technology (NASDAQ:MCHP), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Microchip Technology has $150 highest and $75 lowest target. $107.55’s average target is 49.11% above currents $72.13 stock price. Microchip Technology had 17 analyst reports since May 30, 2018 according to SRatingsIntel. The stock has “Buy” rating by SunTrust on Wednesday, May 30. The stock has “Buy” rating by FBR Capital on Thursday, November 8. The stock has “Buy” rating by Mizuho on Friday, June 1. The rating was maintained by Morgan Stanley on Wednesday, October 3 with “Equal-Weight”. The firm has “Market Perform” rating by Raymond James given on Tuesday, September 25. The rating was maintained by JP Morgan with “Overweight” on Friday, August 10. The rating was downgraded by Bank of America to “Neutral” on Monday, September 17. The firm has “Buy” rating by FBR Capital given on Friday, June 1. As per Friday, August 10, the company rating was maintained by Nomura. The company was maintained on Tuesday, June 5 by Morgan Stanley.

Microchip Technology Incorporated (NASDAQ:MCHP) Institutional Positions Chart

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