Microchip Technology (MCHP) Reaches $97.19 52-Week High; Mexco Energy Has 3 Sentiment

January 19, 2018 - By Hazel Jackson

The stock of Microchip Technology Incorporated (NASDAQ:MCHP) hit a new 52-week high and has $100.11 target or 3.00% above today’s $97.19 share price. The 5 months bullish chart indicates low risk for the $22.73 billion company. The 1-year high was reported on Jan, 19 by Barchart.com. If the $100.11 price target is reached, the company will be worth $681.99 million more. The stock decreased 0.10% or $0.1 during the last trading session, reaching $97.19. About 227,471 shares traded. Microchip Technology Incorporated (NASDAQ:MCHP) has risen 68.30% since January 19, 2017 and is uptrending. It has outperformed by 51.60% the S&P500.

Mexco Energy Corporation, an independent gas and oil company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, condensate, and natural gas liquids in the United States. The company has market cap of $8.35 million. It owns and operates interests in five producing wells; and owns partial interests in approximately 6,000 producing wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Alabama, Mississippi, Arkansas, Wyoming, Kansas, Colorado, Montana, Virginia, and North Dakota. It currently has negative earnings. As of March 31, 2017, the companyÂ’s total estimated proved reserves were approximately 3.238 million barrels of oil equivalent.

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 $297.06 million for 19.13 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.

Since August 15, 2017, it had 0 buys, and 5 insider sales for $963,084 activity. The insider SIMONCIC RICHARD J sold $205,380. Bjornholt James Eric had sold 2,453 shares worth $200,876. LITTLE MITCHELL R sold 2,391 shares worth $195,799. MEYERCORD WADE F sold $109,135 worth of Microchip Technology Incorporated (NASDAQ:MCHP) on Tuesday, August 15. DREHOBL STEPHEN V sold $251,894 worth of stock.

Microchip Technology Incorporated develops, makes, and sells semiconductor products for various embedded control applications. The company has market cap of $22.73 billion. The firm offers general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers; and microcontrollers for automotive networking, computing, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity. It has a 40.03 P/E ratio. It also provides development tools that enable system designers to program microcontroller products for specific applications; analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, radio frequency , drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products; and memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, and serial static random access memories for the production of very small footprint devices.

Among 23 analysts covering Microchip Technology (NASDAQ:MCHP), 18 have Buy rating, 0 Sell and 5 Hold. Therefore 78% are positive. Microchip Technology has $123.0 highest and $43 lowest target. $94.86’s average target is -2.40% below currents $97.19 stock price. Microchip Technology had 59 analyst reports since August 5, 2015 according to SRatingsIntel. Jefferies maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Tuesday, November 7. Jefferies has “Buy” rating and $110 target. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) has “Buy” rating given on Tuesday, November 7 by Susquehanna. The firm has “Buy” rating given on Monday, September 11 by Jefferies. The firm earned “Overweight” rating on Tuesday, August 9 by JP Morgan. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) has “Buy” rating given on Tuesday, November 7 by Stifel Nicolaus. Needham upgraded the stock to “Strong Buy” rating in Wednesday, February 8 report. The rating was maintained by Susquehanna on Tuesday, June 6 with “Buy”. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) has “Buy” rating given on Thursday, August 3 by Jefferies. The firm earned “Buy” rating on Monday, July 10 by Jefferies. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) earned “Neutral” rating by Bank of America on Monday, November 9.

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.15, from 1 in 2017Q2. It improved, as 25 investors sold Microchip Technology Incorporated shares while 231 reduced holdings. 72 funds opened positions while 223 raised stakes. 239.62 million shares or 1.85% more from 235.26 million shares in 2017Q2 were reported. Bessemer Gp reported 149 shares. Public Employees Retirement Association Of Colorado holds 898,580 shares. Wolverine Asset Lc has 22,464 shares for 0.02% of their portfolio. Cubist Systematic Strategies Limited owns 0.01% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 2,977 shares. 3,695 are held by Texas Bank & Trust Incorporated Tx. Argent Tru reported 4,799 shares. Cleararc stated it has 5,991 shares. Kentucky Retirement Sys holds 0.1% or 14,085 shares in its portfolio. Mirae Asset Global Invs Communication Ltd reported 15,416 shares stake. D E Shaw And Inc reported 0.03% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). Chase Inv Counsel holds 11,505 shares or 0.54% of its portfolio. Of Toledo Na Oh reported 1.36% stake. Cypress Funds Ltd Com has invested 7.36% in Microchip Technology Incorporated (NASDAQ:MCHP). Nj State Employees Deferred Compensation Plan holds 0.41% or 25,000 shares. Reilly Advisors Limited Liability Corp accumulated 635 shares or 0.01% of the stock.

Acadian Asset Management Llc holds 0% of its portfolio in Mexco Energy Corporation for 467 shares. Bank Of New York Mellon Corp owns 23,169 shares or 0% of their US portfolio. Moreover, Bridgeway Capital Management Inc has 0% invested in the company for 12,000 shares. The Maryland-based Brown Advisory Inc has invested 0% in the stock. California Public Employees Retirement System, a California-based fund reported 14,900 shares.

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