Argus Research Now Covering Microchip (NASDAQ:MCHP) With $106.0 Target

The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued. The companyÂ's principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances. It has a 35.99 P/E ratio. It also produces hermetic compressors for refrigeration systems.

Microchip Technology Incorporated most recently reported earnings per share (EPS) of $1.41 for the September 2017 versus $0.94 in the same quarter previous year, representing 50% growth. Tiedemann Wealth Mngmt Ltd Liability Corp holds 0.08% in Microchip Technology Incorporated (NASDAQ:MCHP) or 14,216 shares. Principal Financial Group Inc. lifted its position in shares of Microchip Technology by 66.5% during the 2nd quarter. The stock increased 0.57% or $0.49 during the last trading session, reaching $86.7. If the Golden Cross is greater than 1, then the 50 day moving average is above the 200 day moving average - indicating a positive share price momentum.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Monday, November 6th. It has outperformed by 51.60% the S&P500.

If the ratio is less than 1, then we can determine that there has been a decrease in price. It fall, as 38 investors sold MCHP shares while 242 reduced holdings. 71 funds opened positions while 210 raised stakes. About 26,856 shares traded. The Utah-based Utah Retirement has invested 0.07% in Microchip Technology Incorporated (NASDAQ:MCHP). BidaskClub raised shares of Microchip Technology from a "hold" rating to a "buy" rating in a report on Wednesday, August 9th. Citigroup Inc set a $85.00 price objective on shares of Microchip Technology and gave the company a "buy" rating in a report on Wednesday, February 8th. Pnc Finance Ser Grp Incorporated stated it has 0.01% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). The percentage of shares being held by the company management was 0.5% while institutional stake was 79%.

Microchip Technology Inc. has a 12-month low of $47.81 and a 12-month high of $84.63. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) has "Buy" rating given on Tuesday, June 6 by Susquehanna. The fund owned 31,763 shares of the semiconductor company's stock after selling 3,184 shares during the period. Paloma Prtnrs Mgmt reported 6,230 shares. The Price Range of Microchip Technology Incorporated (NasdaqGS:MCHP) over the past 52 weeks is 0.912000. Massachusetts Fincl Svcs Ma has invested 0.11% in Microchip Technology Incorporated (NASDAQ:MCHP). The company has a market capitalization of $20,164.98, a price-to-earnings ratio of 18.26, a PEG ratio of 1.38 and a beta of 1.00. Oakmont holds 517,560 shares or 7.61% of its portfolio. Tcw Grp Inc Inc has 0.1% invested in Microchip Technology Incorporated (NASDAQ:MCHP). Bankshares Of New York Mellon holds 0.06% or 2.53 million shares.

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Viavi Solutions (NASDAQ:VIAV) Receiving Somewhat Positive Press Coverage, Analysis Shows
Viavi Solutions Inc . (NASDAQ:VIAV) share price swings at $8.89 with percentage change of -0.45% in most recent trading session. Piedmont Investment Advisors LLC acquired a new stake in Viavi Solutions during the first quarter worth approximately $148,000.

MCHP has been the subject of several research reports. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion.

Cookson Peirce & Co Inc, which manages about $632.80M and $887.14 million US Long portfolio, decreased its stake in Interdigital Inc (NASDAQ:IDCC) by 4,930 shares to 25,190 shares, valued at $1.95 million in 2017Q2, according to the filing. The business's revenue for the quarter was up 16.2% on a year-over-year basis. equities research analysts anticipate that Microchip Technology Incorporated will post 5.12 EPS for the current year. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) earned "Buy" rating by Jefferies on Thursday, August 3. Therefore 77% are positive. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $94.00 price target on shares of Microchip Technology in a research report on Wednesday, September 20th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. The rating was maintained by B. Riley & Co with "Buy" on Tuesday, November 7. The firm has "Neutral" rating given on Friday, September 30 by Mizuho. The firm has "Buy" rating given on Tuesday, April 4 by Summit Redstone Partners. On Tuesday, May 17 the stock rating was initiated by CLSA with "Buy".

Fenimore Asset Management Inc decreased Infinity Property And Casualty (NASDAQ:IPCC) stake by 9,360 shares to 55,915 valued at $5.26 million in 2017Q2.

Let's take a look at some additional technical levels on shares of Mercury NZ Ltd (MCY.NZ). Analysts anticipate that Microchip Technology Inc. will post $4.92 earnings per share for the current year. The stock decreased 0.33% or $0.05 during the last trading session, reaching $13.44. 146,711 are held by Capstone Asset. Farmers & Merchants Incorporated owns 1,090 shares or 0.01% of their USA portfolio. 235.26 million shares or 2.61% more from 229.26 million shares in 2017Q1 were reported. The United Kingdom-based Trinity Street Asset Management Llp has invested 6.94% in the stock. M&T Bank reported 156,646 shares. (NYSE:COF), 20 have Buy rating, 2 Sell and 13 Hold. WHR was included in 3 notes of analysts from September 12, 2016. The company has a consensus rating of "Buy" and a consensus price target of $99.41. The company was downgraded on Monday, October 17 by M Partners.

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