Credit Suisse Group Reaffirms Outperform Rating for Microchip Technology Incorporated (MCHP)

Also, CFO James Eric Bjornholt sold 2,510 shares of the company's stock in a transaction dated Monday, May 22nd. The semiconductor company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.10.

Another critical number in evaluating a stock is P/E or the price to earnings ratio.

The Stock now has a consensus recommendation of 1.90. The firm exchanged a volume of 4.12 million shares at hands. It has underperformed by 8.92% the S&P500.

Microchip Technology Incorporated (NASDAQ:MCHP) share price decreased in the last trading session with a previous 52-week high of $87.49. The stock was sold at an average price of $18.14, for a total value of $181,400.00. Inc. now owns 1,696 shares of the semiconductor company's stock worth $125,000 after buying an additional 503 shares during the last quarter. Microchip Technology has a 1-year low of $47.81 and a 1-year high of $87.49. The stock rose 0.76% or $0.63 reaching $83.71 per share. About shares traded. ANSYS, Inc. (NASDAQ:MCHP). Godsey And Gibb Associates owns 2.83% invested in Microchip Technology Inc. It has outperformed by 51.60% the S&P500.

Investors sentiment decreased to 0.91 in Q4 2016. Its down 0.14, from 1.13 in 2016Q3. Goldman Sachs has "Sell" rating and $43 target. The institutional ownership stake in the corporation is 98.30%. Williams Jones & Associate Limited Liability Company accumulated 85,981 shares. National Pension holds 443,199 shares. Fmr Ltd holds 0.09% of its portfolio in ANSYS, Inc. Charter Tru owns 3,566 shares. Rhumbline Advisers invested in 991,122 shares. (NASDAQ:MCHP). Pinnacle Associate Ltd, a New York-based fund reported 165,860 shares. Argentiere Capital Ag invested in 2.95% or 91,515 shares. Crawford Counsel stated it has 10,796 shares or 0.03% of all its holdings. Sands Mgmt Lc invested in 0.02% or 73,245 shares. Pggm has invested 0.24% in Microchip Technology Inc. (NASDAQ:ANSS) for 6.96M shares. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. LKQ had 9 analyst reports since January 15, 2016 according to SRatingsIntel. Franklin Street Advisors Inc. (NASDAQ:MCHP) earned "Buy" rating by Jefferies on Wednesday, August 5. Its monthly volatility value of 1.98% and volatility for the week is valued at 3.17%. The price-to-sales ratio offers a simple approach in this case.

The company maintained ROI for the last twelve months at 4.60%. The firm earned "Neutral" rating on Friday, May 6 by Wedbush. The stock of ANSYS, Inc. As per Tuesday, September 8, the company rating was upgraded by JP Morgan. 20,000 shares were sold by Wagman Robert L, worth $600,500. Weaver Amy E sold $7,269 worth of stock. About 1.45M shares traded. The insider Allanson Joe sold 171 shares worth $13,921. Shares for $640,126 were sold by ABU-HADBA WALID. After a recent check, Amgen, Inc.

DVMT's revenue has declined at an average annualized rate of about -0.1% during the past five years. Rivernorth Capital Management Llc owns 232,679 shares or 0.22% of their U.S. portfolio. Cipher Capital LP boosted its stake in shares of HP by 173.1% in the first quarter.

Investors sentiment increased to 1.05 in 2016 Q4. Its down 0.02, from 0.93 in 2016Q3.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 1.9 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. 78 funds opened positions while 179 raised stakes. LLC acquired a new position in shares of Microchip Technology during the fourth quarter valued at $123,000.

Shares of Microchip Technology (MCHP) traded down 3.89% during midday trading on Wednesday, reaching $83.48. (NASDAQ:MCHP) or 348,343 shares. Amalgamated Bancorporation holds 0.07% or 22,850 shares in its portfolio. Annual earnings per share (EPS) growth was at -15.20% in past 5 Years and Long-term annual earnings per share (EPS) growth is projected to achieve 20.90% in coming 5 years. (NASDAQ:MCHP) for 827 shares. This is a positive change from Microchip Technology's previous quarterly dividend of $0.36.

Microchip Technology Incorporated is engaged in developing, manufacturing and selling specialized semiconductor products used by its customers for a range of embedded control applications. Goldman Sachs maintained Microchip Technology Inc. Mariner Wealth Advisors Ltd Liability owns 5,800 shares or 0.02% of their USA portfolio. (NASDAQ:MCHP). Whittier Tru Of Nevada has invested 0.09% in Microchip Technology Inc.

Want to see what other hedge funds are holding MCHP? (NASDAQ:MCHP) or 2,899 shares.

More important recent Microchip Technology Inc. Citigroup Inc set a $95.00 price objective on Microchip Technology and gave the company a "buy" rating in a research note on Wednesday, May 10th. More interesting news about Microchip Technology Inc. Currently, Dell Technologies Inc.net profit margin for the 12 months is at -6.98%. 6,000 Microchip Technology Inc. The stock was sold at an average price of $18.26, for a total transaction of $639,100.00.

Bluelinx Holdings Incorporated (NYSE:BXC) had an increase of 29.96% in short interest.