Microchip Technology INC (MCHP) Shareholder Massmutual Trust Company Fsb Increased Its Stake

Microchip Technology Incorporated (NASDAQ:MCHP) Corporate LogoBig Money Sentiment increased to 1.1 in Q2 2018. It has change of 0.29, from 2018Q1’s 0.81. The ratio is positive due to MCHP positioning: 32 sold and 236 reduced. 67 funds took positions and 228 increased positions. Investors holded 248.38 million in 2018Q1 but now own 244.93 million shares or 1.39% less. Scotia Inc invested 0.06% of its capital in Microchip Technology Incorporated (NASDAQ:MCHP). State Board Of Administration Of Florida Retirement System owns 0.07% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 303,992 shs. Canandaigua Fincl Bank Trust stated it has 0.18% in Microchip Technology Incorporated (NASDAQ:MCHP). Point72 Asset Mgmt LP holds 0.14% in Microchip Technology Incorporated (NASDAQ:MCHP) or 374,236 shs. Miles Cap Inc invested 0.14% in Microchip Technology Incorporated (NASDAQ:MCHP). Mackenzie Corporation owns 983,587 shs. Janney Montgomery Scott Ltd Liability Company reported 0.06% of its capital in Microchip Technology Incorporated (NASDAQ:MCHP). Piedmont Inv Advsr Limited Liability reported 0.04% in Microchip Technology Incorporated (NASDAQ:MCHP). Alesco owns 2,405 shs for 0.01% of their capital. Deutsche Natl Bank Ag owns 0.09% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 1.56 million shs. Mitsubishi Ufj Securities Ltd accumulated 0.14% or 420 shs. Abner Herrman & Brock Lc has 0.08% invested in Microchip Technology Incorporated (NASDAQ:MCHP). Bridgeway Cap Mgmt holds 0.03% or 33,400 shs in its capital. Legal General Public Ltd Company reported 1.10 million shs. Utah Retirement Sys reported 0.08% in Microchip Technology Incorporated (NASDAQ:MCHP).

MCHP had 8 selling transactions and 0 buys since August 22, 2018. This’s net activity of $1.93 million. DREHOBL STEPHEN V sold $307,768 worth of stock or 4,271 shs. LITTLE MITCHELL R sold $269,519 worth of Microchip Technology Incorporated (NASDAQ:MCHP) or 3,196 shs on Wednesday, August 22. On Wednesday, August 22 $254,424 worth of Microchip Technology Incorporated (NASDAQ:MCHP) was sold by SIMONCIC RICHARD J.

In 2018Q2 Securities and Exchange filling is reported Massmutual Trust Company Fsb’s stake in Microchip Technology Inc (MCHP) which was increased by 0.14%. The company’s stock declined 18.23% while stock markets rallied as Massmutual Trust Company Fsb bought 160 shares. The semiconductors company announced $10.78B value for the 2018Q2. Now the institutional investor is holding 118,543 shares, compared to the 118,383 from the previous quarter. $16.62B is the market cap of Microchip Technology Inc. Ticker’s shares touched $70.26 during the last trading session after 4.28% change.Microchip Technology Incorporated has volume of 2.66M shares. Since December 8, 2017 MCHP has declined 5.63% and is downtrending. MCHP underperformed by 21.25% the S&P 500.

Massmutual Trust Company Fsb manages about $1252.81B US Long portfolio. According to a filing the fund decreased its stake in Ishares Russell 2000 Growth Etf (IWO) by 65 shares to 959 shares, valued at $195.95M in 2018Q2. For a total of 27,330 shares it reduced its holding in Stanley Black & Decker Inc (NYSE:SWK) by 75 shares in the quarter, and has cut its stake in Nextera Energy Inc (NYSE:NEE).

For more Microchip Technology Incorporated (NASDAQ:MCHP) news published recently go to: Nasdaq.com, Nasdaq.com, Globenewswire.com, Gurufocus.com or Nasdaq.com. The titles are as follows: “20-inch Automotive Touchscreens Enabled by New Single-chip maXTouch┬« Touchscreen Controllers from Microchip – Nasdaq” published on December 05, 2018, “Microchip Technology Becomes Oversold (MCHP) – Nasdaq” on August 14, 2018, “SHAREHOLDER ALERT: MCHP TGTX MGTI HAS CPB CHGG ADNT GOOG IGCC FIT RYAAY: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines – GlobeNewswire” with a publish date: November 13, 2018, “Industry’s First RISC-V SoC FPGA Architecture Brings Real-Time to Linux, Giving Developers the Freedom to Innovate in Low-Power, Secure and Reliable Designs – GuruFocus.com” and the last “Here’s Why Microchip (MCHP) Stock Is a Strong Buy Right Now – Nasdaq” with publication date: June 11, 2018.

Microchip Technology Incorporated (NASDAQ:MCHP) Ratings Coverage

In total 10 analysts cover Microchip Technology (NASDAQ:MCHP). “Buy” rating has 6, “Sell” are 0, while 4 are “Hold”. 60% are bullish. 13 are the (NASDAQ:MCHP)’s analyst reports since July 19, 2018 according to StockzIntelligence Inc. On Thursday, November 8 the firm earned “Buy” rating by FBR Capital. On Friday, August 10 the rating was maintained by Nomura with “Buy”. On Friday, July 27 PiperJaffray maintained Microchip Technology Incorporated (NASDAQ:MCHP) with “Overweight” rating. On Wednesday, October 3 the stock has “Equal-Weight” rating by Morgan Stanley. The stock rating was downgraded by Bank of America to “Neutral” on Monday, September 17. On Thursday, November 8 Jefferies maintained Microchip Technology Incorporated (NASDAQ:MCHP) with “Buy” rating. On Tuesday, September 25 the firm has “Market Perform” rating by Raymond James given. On Friday, August 10 JP Morgan maintained the shares of MCHP in report with “Overweight” rating. On Friday, August 10 the stock has “Overweight” rating by KeyBanc Capital Markets. On Wednesday, October 10 Morgan Stanley maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating. Morgan Stanley has “Equal-Weight” rating and $75 target.

Microchip Technology Incorporated (NASDAQ:MCHP) Institutional Investors Chart

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