Tech Companies in Hotspot: Microsoft Corporation (MSFT), Microchip Technology Incorporated (MCHP)
- Author: Arturo Norris Фев 14, 2017,
Фев 14, 2017, 19:49
Los Angeles Capital Management & Equity Research Inc. now owns 245,464 shares of the company's stock valued at $15,253,000 after buying an additional 143,950 shares in the last quarter. Buy rating has been given by 6 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 6 analysts given HOLD rating.
Company has reported several Insider transactions to the SEC, on Nov 23, 2016, Richard J Simoncic (VP, Analog and Intrfc Prod Div) sold 2,892 shares at 64.90 per share price.On Nov 23, 2016, Steve Sanghi (President, CEO, Chairman) sold 49,901 shares at 63.79 per share price.On Nov 23, 2016, Mitchell R Little (VP, WW Sales and Appns.) sold 2,383 shares at 65.16 per share price.
Analysts give CLNS a mean recommendation of 2.00. The score shows the rating on a scale of 1 to 5, where 1=strong buy and 5=strong sell. This company shares are 18% off its target price of $83.38 and the current market capitalization stands at $15.27B.
Microchip Technology Incorporated (NASDAQ:MCHP), maintained return on investment for the last twelve months at 1.74, higher than what Reuters data shows regarding industry's average. The stock stands almost $5.96 off versus the 52-week high of $76.5 and $29.73 above the 52-week low of $40.81. The firm's 50-day moving average is $66.93 and its 200-day moving average is $62.77. Finally, Cornerstone Advisors Inc. increased its position in Microchip Technology by 13.5% in the third quarter. Its share price has risen 10.86% in three months and is up 2.12% for the last five trades. Microchip Technology had a return on equity of 30.26% and a net margin of 3.10%. The company had revenue of $881.20 million for the quarter, compared to the consensus estimate of $849.14 million. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.90 by $0.15. The company's revenue for the quarter was up 59.6% on a year-over-year basis. (NASDAQ:SIRI) is expected to report revenue of $1.29 Billion for the current quarter, according to consensus estimate of 13 analysts.
Microchip Technology Last issued its quarterly earnings results on Feb 7, 2017. If you are accessing this piece on another website, it was copied illegally and republished in violation of United States and global copyright and trademark law.
The consensus recommendation, according to Zacks Investment research, is 1.73.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 7th. Shareholders of record on Tuesday, February 21st will be issued a $0.361 dividend. The ex-dividend date is Thursday, February 16th. It has a dividend yield of 2.04%. The size of the offering was increased from the previously announced $2.0 billion in aggregate principal amount. Microchip Technology's dividend payout ratio is now 378.95%. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Northern Trust Corp now owns 3,254,184 shares of the company's stock worth $202,215,000 after buying an additional 18,100 shares during the last quarter. The stock was sold at an average price of $65.16, for a total value of $227,669.04.
In related news, CFO James Eric Bjornholt sold 2,043 shares of the company's stock in a transaction that occurred on Tuesday, November 22nd. The disclosure for this sale can be found here. The recent change has given its price a 6.93% lead over SMA 50 and -7.63% deficit over its 52-week high. During its last trading session, Stock traded with the total exchanged volume of 7.5 million shares.
Sirius XM Holdings Inc. Bank of Montreal Can raised its position in shares of Microchip Technology by 28.1% in the third quarter. Insiders own 2.50% of the company's stock. Northern Trust Corp increased its position in shares of Microchip Technology by 0.6% in the third quarter. The brokerage now has a buy rating on the stock. Kernodle & Katon Asset Management Group LLC increased its position in Microchip Technology by 3.9% in the third quarter. Share performance for the month is now at 6.65%. Aristotle Capital Management LLC boosted its position in Microchip Technology by 256.5% in the second quarter.