As Microchip Technology INC (MCHP) Shares Declined, Massmutual Trust Company Fsb Increased Its Stake by $14.55 Million

Microchip Technology Incorporated (NASDAQ:MCHP) Corporate LogoDuring 2018 Q2 the big money sentiment increased to 1.1. That’s change of 0.29, from 2018Q1’s 0.81. 32 investors sold all, 236 reduced holdings as MCHP ratio improved. 228 rose stakes while 67 funds took stakes. Funds hold 244.93 million shares thus 1.39% less from 2018Q1’s 248.38 million shares. Prio Wealth Partnership owns 6,316 shs. Glenmede Tru Com Na holds 69,903 shs or 0.03% of its capital. 93,001 are held by Pnc Services. Charter Tru Co holds 4,594 shs. Da Davidson And Co accumulated 0.01% or 5,294 shs. Godsey And Gibb Assoc has invested 2.48% in Microchip Technology Incorporated (NASDAQ:MCHP). Ent Fincl Services Corporation invested 0% in Microchip Technology Incorporated (NASDAQ:MCHP). Park Natl Oh accumulated 2,400 shs. Kwmg Limited Liability Company has invested 0% in Microchip Technology Incorporated (NASDAQ:MCHP). The New York-based Harber Asset Management has invested 3.05% in Microchip Technology Incorporated (NASDAQ:MCHP). Gateway Investment Advisers Ltd Company reported 0.19% in Microchip Technology Incorporated (NASDAQ:MCHP). Asset Mgmt Inc has invested 0.03% of its capital in Microchip Technology Incorporated (NASDAQ:MCHP). Cibc Ww Corp accumulated 42,517 shs. Gulf Bank & Trust (Uk) Limited has invested 0.08% in Microchip Technology Incorporated (NASDAQ:MCHP). Cipher Capital Lp, a New York-based fund reported 36,771 shs.

MCHP had 8 sales and 0 insider purchases since August 22, 2018. This’s net activity of $1.93 million. On Wednesday, August 22 SIMONCIC RICHARD J sold $254,424 worth of Microchip Technology Incorporated (NASDAQ:MCHP) or 3,017 shs. Bjornholt James Eric had sold 1,866 shs worth $134,464 on Friday, November 23. LITTLE MITCHELL R also sold $241,977 worth of Microchip Technology Incorporated (NASDAQ:MCHP) on Friday, November 23.

The holdings In Microchip Technology Inc (MCHP) was rose held by Massmutual Trust Company Fsb. According to 2018Q2 Securities and Exchange form the decrease is 0.14%. The company’s stock declined 18.23% while stock markets rallied as Massmutual Trust Company Fsb bought 160 shares. The semiconductors company at the end of 2018Q2 was priced at $10.78 billion. It’s up from 118,383 at the end of the previous reported quarter. Now it had 118,543 shares held by the institutional investor . Microchip Technology Inc has $16.62 billion market cap. The stock decreased 4.28% or $3.14 during the last trading session, hitting $70.26.Currently Microchip Technology Incorporated is downtrending after 5.63% change in last December 8, 2017. MCHP has also 2.66M shares volume. MCHP underperformed the S&P 500 by 21.25%.

Massmutual Trust Company Fsb reduced its stake in American Electric Power Co Inc (NYSE:AEP) by 50 shares to 1,015 shares, valued at $70.29M in 2018Q2, according to the filing. It manages about $1252.81B US Long portfolio. For a total of 55,025 shares it reduced its holding in Range Resources Corp (NYSE:RRC) by 446 shares in the quarter, and has cut its stake in Consumer Discretionary Select Sector Spdr Fund (XLY).

For more Microchip Technology Incorporated (NASDAQ:MCHP) news released recently go to: Nasdaq.com, Streetinsider.com, Nasdaq.com, Nasdaq.com or Investorplace.com. The titles are as follows: “Microchip Tech (MCHP) Down 1.4% Since Last Earnings Report: Can It Rebound? – Nasdaq” released on December 07, 2018, “Tariff Impact Is Included In Semi Expectations For 2019 – Mizuho – StreetInsider.com” on November 29, 2018, “20-inch Automotive Touchscreens Enabled by New Single-chip maXTouch┬« Touchscreen Controllers from Microchip – Nasdaq” with a publish date: December 05, 2018, “Market Close Report: NASDAQ Composite index closes at 7,530.89 down -39.86 points – Nasdaq” and the last “5 Beaten-Down Semiconductor Stocks That Will Struggle to Rise Again – Investorplace.com” with publication date: November 28, 2018.

Microchip Technology Incorporated (NASDAQ:MCHP) Ratings Coverage

Total analysts of 10 have positions in Microchip Technology (NASDAQ:MCHP) as follows: 6 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 60%. Since July 19, 2018 according to StockzIntelligence Inc Microchip Technology has 13 analyst reports. On Thursday, November 8 the rating was maintained by Jefferies with “Buy”. The stock rating was maintained by JP Morgan with “Overweight” on Friday, August 10. On Friday, August 10 the firm earned “Buy” rating by Nomura. On Monday, September 17 Bank of America downgraded Microchip Technology Incorporated (NASDAQ:MCHP) rating. Bank of America has “Neutral” rating and $95 target. On Friday, July 27 PiperJaffray maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating. PiperJaffray has “Overweight” rating and $150 target. In Wednesday, October 3 report Morgan Stanley maintained it with “Equal-Weight” rating and $95 target. The stock rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, October 10. The company rating was maintained by FBR Capital on Thursday, November 8. On Tuesday, September 25 the rating was downgraded by Raymond James to “Market Perform”. The stock rating was maintained by KeyBanc Capital Markets with “Overweight” on Friday, August 10.

Microchip Technology Incorporated (NASDAQ:MCHP) Institutional Investors Chart

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