Citigroup Com New (C) Market Value Rose While Cna Financial Has Increased Stake by $3.63 Million; As Microchip Technology (MCHP) Stock Rose, Shareholder Brookmont Capital Management Has Lowered Its Stake

December 17, 2017 - By Richard Conner

Brookmont Capital Management decreased its stake in Microchip Technology Inc (MCHP) by 4.11% based on its latest 2017Q2 regulatory filing with the SEC. Brookmont Capital Management sold 6,783 shares as the company’s stock rose 11.86% with the market. The institutional investor held 158,168 shares of the semiconductors company at the end of 2017Q2, valued at $12.21M, down from 164,951 at the end of the previous reported quarter. Brookmont Capital Management who had been investing in Microchip Technology Inc for a number of months, seems to be less bullish one the $20.29 billion market cap company. The stock increased 1.50% or $1.28 during the last trading session, reaching $86.75. About 3.23M shares traded or 66.27% up from the average. Microchip Technology Incorporated (NASDAQ:MCHP) has risen 68.30% since December 17, 2016 and is uptrending. It has outperformed by 51.60% the S&P500.

Cna Financial Corp increased its stake in Citigroup Inc Com New (C) by 34.75% based on its latest 2017Q2 regulatory filing with the SEC. Cna Financial Corp bought 55,000 shares as the company’s stock rose 1.55% with the market. The institutional investor held 213,271 shares of the major banks company at the end of 2017Q2, valued at $14.26 million, up from 158,271 at the end of the previous reported quarter. Cna Financial Corp who had been investing in Citigroup Inc Com New for a number of months, seems to be bullish on the $197.69 billion market cap company. The stock increased 1.15% or $0.85 during the last trading session, reaching $74.77. About 37.12 million shares traded or 141.11% up from the average. Citigroup Inc. (NYSE:C) has risen 35.60% since December 17, 2016 and is uptrending. It has outperformed by 18.90% the S&P500.

Among 37 analysts covering Citigroup Inc. (NYSE:C), 19 have Buy rating, 3 Sell and 15 Hold. Therefore 51% are positive. Citigroup Inc. had 104 analyst reports since July 21, 2015 according to SRatingsIntel. Wells Fargo downgraded the shares of C in report on Friday, July 8 to “Market Perform” rating. The stock of Citigroup Inc. (NYSE:C) has “Buy” rating given on Monday, October 10 by Jefferies. The firm has “Buy” rating given on Tuesday, September 5 by Vertical Group. The company was downgraded on Monday, July 31 by BMO Capital Markets. The rating was maintained by CLSA on Friday, September 23 with “Buy”. The company was upgraded on Wednesday, April 5 by Keefe Bruyette & Woods. The stock of Citigroup Inc. (NYSE:C) earned “Overweight” rating by JP Morgan on Wednesday, August 26. The firm has “Buy” rating by RBC Capital Markets given on Thursday, June 22. The firm has “Buy” rating given on Monday, September 18 by Keefe Bruyette & Woods. The firm earned “Hold” rating on Monday, August 24 by Vetr.

Cna Financial Corp, which manages about $424.62 million US Long portfolio, decreased its stake in Brookdale Sr Living Inc Com (NYSE:BKD) by 60,868 shares to 130,210 shares, valued at $1.92 million in 2017Q2, according to the filing. It also reduced its holding in Abbott Labs Com (NYSE:ABT) by 12,005 shares in the quarter, leaving it with 8,620 shares, and cut its stake in Masonite Intl Corp New Com (NYSE:DOOR).

Investors sentiment is 1.1 in 2017 Q2. Its the same as in 2017Q1. It is flat, as 67 investors sold C shares while 443 reduced holdings. only 124 funds opened positions while 435 raised stakes. 2.03 billion shares or 1.74% more from 2.00 billion shares in 2017Q1 were reported. Putnam Invs Ltd Llc, a Massachusetts-based fund reported 8.36M shares. Second Curve Capital Lc has 15,000 shares for 0.36% of their portfolio. Amp Invsts reported 1.63M shares or 0.65% of all its holdings. Rothschild Asset Mngmt Incorporated has 399,485 shares for 0.3% of their portfolio. Vantage Investment Llc holds 999 shares or 0.02% of its portfolio. Brandes Prns Limited Partnership holds 3.64% or 3.44 million shares in its portfolio. Argent Trust Company has invested 0.74% in Citigroup Inc. (NYSE:C). Quantitative Investment Mngmt Ltd Llc holds 0.71% or 706,200 shares in its portfolio. Cetera Advisor Ltd Llc reported 13,258 shares or 0.04% of all its holdings. Amalgamated Retail Bank accumulated 310,465 shares. Poplar Forest Capital Lc stated it has 868,564 shares or 4.99% of all its holdings. 67,431 were accumulated by Ibm Retirement Fund. Terril Brothers invested 8.67% of its portfolio in Citigroup Inc. (NYSE:C). Eagle Glob Advsr Lc owns 3,475 shares. Greenhaven invested in 11.50M shares.

Since August 4, 2017, it had 0 buys, and 2 sales for $3.05 million activity. Shares for $2.70M were sold by Aristeguieta Francisco.

Since August 15, 2017, it had 0 buys, and 5 insider sales for $963,084 activity. Another trade for 1,300 shares valued at $109,135 was made by MEYERCORD WADE F on Tuesday, August 15. The insider SIMONCIC RICHARD J sold $205,380. Another trade for 3,076 shares valued at $251,894 was made by DREHOBL STEPHEN V on Tuesday, August 22. $195,799 worth of Microchip Technology Incorporated (NASDAQ:MCHP) shares were sold by LITTLE MITCHELL R.

Investors sentiment decreased to 1 in 2017 Q2. Its down 0.11, from 1.11 in 2017Q1. It dropped, as 38 investors sold MCHP shares while 242 reduced holdings. 71 funds opened positions while 210 raised stakes. 235.26 million shares or 2.61% more from 229.26 million shares in 2017Q1 were reported. Wasatch Advsr holds 0.03% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP) for 24,541 shares. Villere St Denis J & Ltd Limited Liability Company stated it has 186,565 shares or 0.84% of all its holdings. Sun Life Inc stated it has 0.04% in Microchip Technology Incorporated (NASDAQ:MCHP). Stephens Incorporated Ar reported 22,745 shares or 0.06% of all its holdings. Moreover, Tortoise Management has 0% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 66 shares. British Columbia Invest Management Corporation invested in 0.07% or 119,181 shares. Pub Employees Retirement Association Of Colorado holds 899,047 shares or 0.51% of its portfolio. Hall Laurie J Trustee reported 56 shares. Korea holds 0.23% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP) for 629,950 shares. Parkside Bancorp & Trust holds 0.02% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP) for 604 shares. Woodmont Inv Counsel Limited Liability Corp has 11,005 shares for 0.24% of their portfolio. Insight Rech & Management reported 3,090 shares. Regentatlantic Capital Limited Liability Corp accumulated 3,668 shares. Commonwealth Equity Ser stated it has 0.02% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). Disciplined Growth Inc Mn reported 954,660 shares or 1.54% of all its holdings.

Analysts await Microchip Technology Incorporated (NASDAQ:MCHP) to report earnings on February, 6. They expect $1.27 earnings per share, up 27.00% or $0.27 from last year’s $1 per share. MCHP’s profit will be $297.06M for 17.08 P/E if the $1.27 EPS becomes a reality. After $1.37 actual earnings per share reported by Microchip Technology Incorporated for the previous quarter, Wall Street now forecasts -7.30% negative EPS growth.

Brookmont Capital Management, which manages about $415.17M and $265.16 million US Long portfolio, upped its stake in Chevron Corp New (NYSE:CVX) by 3,849 shares to 93,565 shares, valued at $9.76 million in 2017Q2, according to the filing. It also increased its holding in Conocophillips (NYSE:COP) by 9,777 shares in the quarter, for a total of 139,022 shares, and has risen its stake in Royal Dutch Shell Plc.

Among 22 analysts covering Microchip Technology (NASDAQ:MCHP), 17 have Buy rating, 0 Sell and 5 Hold. Therefore 77% are positive. Microchip Technology had 58 analyst reports since August 5, 2015 according to SRatingsIntel. SunTrust maintained the stock with “Hold” rating in Wednesday, October 11 report. Needham maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Thursday, September 7. Needham has “Buy” rating and $120.0 target. Mizuho maintained Microchip Technology Incorporated (NASDAQ:MCHP) on Wednesday, February 8 with “Neutral” rating. Mizuho maintained Microchip Technology Incorporated (NASDAQ:MCHP) on Tuesday, June 6 with “Hold” rating. The firm has “Buy” rating given on Monday, August 24 by Drexel Hamilton. The firm has “Buy” rating by Jefferies given on Thursday, October 19. The rating was upgraded by Summit Redstone Partners on Tuesday, April 4 to “Buy”. The stock has “Buy” rating by B. Riley & Co on Thursday, November 5. The stock has “Buy” rating by Jefferies on Monday, July 10. The stock has “Neutral” rating by Mizuho on Friday, September 30.

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