Cookson Peirce & Co Boosted Microchip Technology (MCHP) Stake By $1.63 Million; H&Q Life Sciences Investors (HQL)’s Sentiment Is 1.38

April 21, 2018 - By Marie Mckinney

Microchip Technology Incorporated (NASDAQ:MCHP) Logo

H&Q Life Sciences Investors (HQL) investors sentiment decreased to 1.38 in 2017 Q4. It’s down -0.19, from 1.57 in 2017Q3. The ratio worsened, as 22 institutional investors opened new and increased holdings, while 16 sold and trimmed holdings in H&Q Life Sciences Investors. The institutional investors in our database now have: 2.46 million shares, up from 2.35 million shares in 2017Q3. Also, the number of institutional investors holding H&Q Life Sciences Investors in top ten holdings was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 12 Increased: 16 New Position: 6.

Cookson Peirce & Co Inc increased Microchip Technology Inc (MCHP) stake by 7.47% reported in 2017Q4 SEC filing. Cookson Peirce & Co Inc acquired 18,760 shares as Microchip Technology Inc (MCHP)’s stock rose 6.16%. The Cookson Peirce & Co Inc holds 270,060 shares with $23.73M value, up from 251,300 last quarter. Microchip Technology Inc now has $20.08 billion valuation. The stock increased 0.63% or $0.54 during the last trading session, reaching $85.68. About 3.28M shares traded. Microchip Technology Incorporated (NASDAQ:MCHP) has risen 29.63% since April 21, 2017 and is uptrending. It has outperformed by 18.08% the S&P500.

The stock decreased 0.16% or $0.03 during the last trading session, reaching $19.07. About 39,996 shares traded. Tekla Life Sciences Investors (HQL) has declined 1.82% since April 21, 2017 and is downtrending. It has underperformed by 13.37% the S&P500.

Tekla Life Sciences Investors is a closed-ended equity mutual fund launched and managed by Tekla Capital Management LLC. The company has market cap of $403.71 million. The fund invests in public equity markets across the globe. It has a 6 P/E ratio. It seeks to invest in stocks of companies operating in the life sciences sector, including the biotechnology, pharmaceutical, diagnostics, managed healthcare, medical equipment, hospitals, healthcare information technology and services, devices and supplies industries, and in agriculture and environmental management industries.

Needham Investment Management Llc holds 2.82% of its portfolio in Tekla Life Sciences Investors for 539,725 shares. Meridian Investment Counsel Inc. owns 10,163 shares or 0.11% of their US portfolio. Moreover, New England Private Wealth Advisors Llc has 0.07% invested in the company for 12,395 shares. The New York-based Allsquare Wealth Management Llc has invested 0.03% in the stock. Weiss Asset Management Lp, a Massachusetts-based fund reported 18,876 shares.

Since January 1, 0001, it had 1 insider buy, and 0 insider sales for $27,348 activity.

Since February 22, 2018, it had 0 insider purchases, and 9 selling transactions for $5.04 million activity. $349,938 worth of Microchip Technology Incorporated (NASDAQ:MCHP) was sold by LITTLE MITCHELL R. Shares for $177,536 were sold by Bjornholt James Eric on Thursday, February 22. $222,732 worth of stock was sold by Johnson Esther on Wednesday, March 14. DAY L B sold $567,720 worth of stock. MEYERCORD WADE F sold $474,590 worth of stock or 5,000 shares. 6,000 Microchip Technology Incorporated (NASDAQ:MCHP) shares with value of $564,492 were sold by CHAPMAN MATTHEW W. DREHOBL STEPHEN V had sold 5,395 shares worth $453,935 on Thursday, February 22.

Among 24 analysts covering Microchip Technology (NASDAQ:MCHP), 23 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Microchip Technology had 70 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was upgraded by Bank of America on Tuesday, November 8 to “Buy”. The firm earned “Hold” rating on Wednesday, February 7 by SunTrust. Jefferies maintained the shares of MCHP in report on Saturday, August 8 with “Buy” rating. On Tuesday, June 6 the stock rating was maintained by Needham with “Buy”. On Friday, March 9 the stock rating was maintained by SunTrust with “Buy”. SunTrust maintained it with “Hold” rating and $90.0 target in Wednesday, October 11 report. The rating was maintained by Jefferies with “Buy” on Thursday, October 19. Needham maintained the stock with “Buy” rating in Monday, June 12 report. The rating was maintained by Needham with “Buy” on Friday, August 4. The company was maintained on Tuesday, November 7 by B. Riley & Co.

Microchip Technology Incorporated (NASDAQ:MCHP) Institutional Positions Chart

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