Microchip Technology (MCHP) Shareholder Syntal Capital Partners Has Decreased Stake by $475,883; Adobe Sys (ADBE) Shareholder Egerton Capital Uk Llp Has Raised Holding

January 22, 2018 - By Maria Brooks

Syntal Capital Partners Llc decreased its stake in Microchip Technology Inc (MCHP) by 36.4% based on its latest 2017Q3 regulatory filing with the SEC. Syntal Capital Partners Llc sold 5,347 shares as the company’s stock rose 11.86% with the market. The institutional investor held 9,344 shares of the semiconductors company at the end of 2017Q3, valued at $838,000, down from 14,691 at the end of the previous reported quarter. Syntal Capital Partners Llc who had been investing in Microchip Technology Inc for a number of months, seems to be less bullish one the $22.91 billion market cap company. The stock increased 0.49% or $0.48 during the last trading session, reaching $97.93. About 643,202 shares traded. Microchip Technology Incorporated (NASDAQ:MCHP) has risen 68.30% since January 22, 2017 and is uptrending. It has outperformed by 51.60% the S&P500.

John Armitage increased its stake in Adobe Sys Inc (ADBE) by 33.84% based on its latest 2017Q3 regulatory filing with the SEC. Egerton Capital Uk Llp bought 337,678 shares as the company’s stock rose 14.01% with the market. The hedge fund run by John Armitage held 1.34M shares of the prepackaged software company at the end of 2017Q3, valued at $199.22 million, up from 997,743 at the end of the previous reported quarter. Egerton Capital Uk Llp who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $97.25 billion market cap company. The stock increased 0.79% or $1.55 during the last trading session, reaching $197.28. About 710,853 shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since January 22, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Among 23 analysts covering Microchip Technology (NASDAQ:MCHP), 18 have Buy rating, 0 Sell and 5 Hold. Therefore 78% are positive. Microchip Technology had 59 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) earned “Buy” rating by Jefferies on Tuesday, August 9. Needham maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Thursday, September 7. Needham has “Buy” rating and $120.0 target. Stifel Nicolaus maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Tuesday, September 26. Stifel Nicolaus has “Buy” rating and $94.0 target. The firm has “Buy” rating given on Friday, August 4 by Needham. Rosenblatt maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Tuesday, June 6. Rosenblatt has “Buy” rating and $10200 target. On Tuesday, November 7 the stock rating was maintained by Jefferies with “Buy”. The rating was initiated by CLSA with “Buy” on Tuesday, May 17. On Wednesday, February 8 the stock rating was maintained by Mizuho with “Neutral”. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) has “Hold” rating given on Wednesday, October 11 by SunTrust. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) has “Buy” rating given on Friday, January 15 by Needham.

Since August 15, 2017, it had 0 buys, and 5 selling transactions for $963,084 activity. MEYERCORD WADE F also sold $109,135 worth of Microchip Technology Incorporated (NASDAQ:MCHP) shares. LITTLE MITCHELL R sold 2,391 shares worth $195,799. $200,876 worth of stock was sold by Bjornholt James Eric on Tuesday, August 22. DREHOBL STEPHEN V had sold 3,076 shares worth $251,894.

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.15, from 1 in 2017Q2. It increased, as 25 investors sold MCHP 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. Texas Permanent School Fund reported 64,496 shares. Brown Advisory owns 0.07% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 233,339 shares. Tower Capital Ltd Liability Corporation (Trc), a New York-based fund reported 1,587 shares. Amer Comml Bank accumulated 60 shares. Wespac Advisors Lc reported 0.52% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). Bridgeway Capital owns 95,200 shares or 0.1% of their US portfolio. Lord Abbett And Ltd owns 0.33% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 1.25M shares. Argent has 2,500 shares for 0.09% of their portfolio. 154,996 are held by Hancock Holding. Allsquare Wealth Mngmt Ltd Company accumulated 28 shares. Fiduciary Tru holds 0.06% or 22,869 shares. Dorsey & Whitney Tru Limited Liability Co holds 0.04% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP) for 2,275 shares. Commerce Bancshares invested 0.07% in Microchip Technology Incorporated (NASDAQ:MCHP). New York-based Sg Americas Securities has invested 0.01% in Microchip Technology Incorporated (NASDAQ:MCHP). Laurion Capital Mngmt Limited Partnership holds 0.02% or 40,717 shares.

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 19.28 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.

Egerton Capital Uk Llp, which manages about $14.07 billion and $11.18B US Long portfolio, decreased its stake in Mastercard Incorporated (NYSE:MA) by 303,118 shares to 3.62 million shares, valued at $511.24M in 2017Q3, according to the filing. It also reduced its holding in Hdfc Bank Ltd (NYSE:HDB) by 13,815 shares in the quarter, leaving it with 2.24 million shares, and cut its stake in Jpmorgan Chase & Co (NYSE:JPM).

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 76% are positive. Adobe Systems had 135 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Credit Suisse given on Friday, March 24. The company was maintained on Wednesday, September 21 by Cowen & Co. The company was maintained on Tuesday, August 22 by BMO Capital Markets. Pivotal Research upgraded Adobe Systems Incorporated (NASDAQ:ADBE) on Thursday, October 19 to “Hold” rating. The rating was maintained by Barclays Capital with “Overweight” on Thursday, October 19. J.P. Morgan downgraded Adobe Systems Incorporated (NASDAQ:ADBE) rating on Tuesday, December 12. J.P. Morgan has “Hold” rating and $185.0 target. On Wednesday, March 9 the stock rating was maintained by Goldman Sachs with “Neutral”. As per Thursday, January 14, the company rating was initiated by Dougherty & Company. The firm has “Overweight” rating by Stephens given on Wednesday, August 10. The stock has “Buy” rating by BMO Capital Markets on Monday, September 25.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: