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Microchip Technology (MCHP) Reaches $84.55 After 4.00% Up Move; Transportadora de Gas Del Sur S.A. (TGS) Covered By 1 Bullish Analysts Last Week

Microchip Technology Incorporated (NASDAQ:MCHP) Logo

Among 3 analysts covering Transportadora de Gas Del Sur S.A. (NYSE:TGS), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Transportadora de Gas Del Sur S.A. had 4 analyst reports since October 8, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, April 5 by Raymond James. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, March 13. Santander initiated Transportadora de Gas Del Sur S.A. (NYSE:TGS) rating on Thursday, October 8. Santander has “Hold” rating and $5.10 target. See Transportadora de Gas Del Sur S.A. (NYSE:TGS) latest ratings:

13/03/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Equal-Weight Old Target: $25 Downgrade

The stock of Microchip Technology Incorporated (NASDAQ:MCHP) is a huge mover today! The stock increased 1.89% or $1.57 during the last trading session, reaching $84.55. About 938,321 shares traded. Microchip Technology Incorporated (NASDAQ:MCHP) has risen 29.63% since April 26, 2017 and is uptrending. It has outperformed by 18.08% the S&P500.The move comes after 7 months positive chart setup for the $19.81B company. It was reported on Apr, 26 by Barchart.com. We have $87.93 PT which if reached, will make NASDAQ:MCHP worth $792.56 million more.

Among 24 analysts covering Microchip Technology (NASDAQ:MCHP), 23 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Microchip Technology has $123.0 highest and $43 lowest target. $98.35’s average target is 16.32% above currents $84.55 stock price. Microchip Technology had 70 analyst reports since August 5, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Tuesday, November 7. Stifel Nicolaus has “Buy” rating and $100.0 target. The rating was maintained by Stifel Nicolaus on Wednesday, November 30 with “Buy”. The firm has “Buy” rating by Jefferies given on Wednesday, August 5. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) earned “Buy” rating by Mizuho on Monday, March 5. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) earned “Neutral” rating by Bank of America on Monday, November 9. The firm has “Buy” rating by B. Riley & Co given on Thursday, November 5. Jefferies maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Tuesday, August 9. Jefferies has “Buy” rating and $68 target. SunTrust maintained the shares of MCHP in report on Wednesday, October 11 with “Hold” rating. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) has “Overweight” rating given on Tuesday, September 8 by JP Morgan. The stock has “Buy” rating by Susquehanna on Tuesday, November 7.

Investors sentiment decreased to 1 in Q4 2017. Its down 0.15, from 1.15 in 2017Q3. It worsened, as 44 investors sold Microchip Technology Incorporated shares while 235 reduced holdings. 73 funds opened positions while 207 raised stakes. 236.19 million shares or 1.43% less from 239.62 million shares in 2017Q3 were reported. Great West Life Assurance Can has 177,367 shares for 0.04% of their portfolio. Grandeur Peak Glob Advsrs Lc holds 100,595 shares. First Merchants has invested 0.56% in Microchip Technology Incorporated (NASDAQ:MCHP). Ahl Prns Ltd Liability Partnership owns 0.01% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 10,063 shares. Mason Street Advisors Ltd Llc owns 0.07% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 32,581 shares. Tarbox Family Office reported 0% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). 25,026 are owned by First Bancshares. Victory Cap Inc accumulated 1.81M shares. Dorsey & Whitney Tru Communications Limited Liability Corp has invested 0.04% in Microchip Technology Incorporated (NASDAQ:MCHP). State Street Corporation reported 0.06% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). Washington Trust Co stated it has 144,327 shares or 0.71% of all its holdings. Telemus Cap Limited Liability Company invested 0.1% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). Lodestar Counsel Il stated it has 5,356 shares or 0.05% of all its holdings. Ubs Asset Management Americas Inc invested 0.07% in Microchip Technology Incorporated (NASDAQ:MCHP). 212,963 were reported by Vident Advisory Ltd Liability Corporation.

Since February 22, 2018, it had 0 buys, and 9 selling transactions for $5.04 million activity. $222,732 worth of Microchip Technology Incorporated (NASDAQ:MCHP) was sold by Johnson Esther. 5,000 shares were sold by MEYERCORD WADE F, worth $474,590. 3,850 shares valued at $324,093 were sold by SIMONCIC RICHARD J on Thursday, February 22. 4,159 shares were sold by LITTLE MITCHELL R, worth $349,938. DAY L B sold 6,000 shares worth $567,720. The insider Bjornholt James Eric sold 2,109 shares worth $177,536. DREHOBL STEPHEN V sold 5,395 shares worth $453,935.

Microchip Technology Incorporated develops, makes, and sells semiconductor products for various embedded control applications. The company has market cap of $19.81 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 83.88 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.

Analysts await Microchip Technology Incorporated (NASDAQ:MCHP) to report earnings on May, 8. They expect $1.27 EPS, up 15.45% or $0.17 from last year’s $1.1 per share. MCHP’s profit will be $297.62M for 16.64 P/E if the $1.27 EPS becomes a reality. After $1.30 actual EPS reported by Microchip Technology Incorporated for the previous quarter, Wall Street now forecasts -2.31% negative EPS growth.

Transportadora de Gas del Sur S.A. provides natural gas transportation and distribution services in Argentina. The company has market cap of $2.93 billion. The firm operates through four divisions: Natural Gas Transportation, Production and Commercialization of Liquids, Other Services, and Telecommunications. It has a 21.42 P/E ratio. The Natural Gas Transportation segment transports natural gas through 5,706 miles of pipeline system to distribution companies, producers, and traders.

Microchip Technology Incorporated (NASDAQ:MCHP) Institutional Positions Chart

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