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Chase Investment Counsel Has Cut Its Position in Microchip Technology (MCHP) by $491,115; Greenwich Investment Management Trimmed Its Holding in Geo Group New (GEO) by $902,681 as Stock Value Declined

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Greenwich Investment Management Inc decreased its stake in Geo Group Inc New (GEO) by 53.04% based on its latest 2017Q4 regulatory filing with the SEC. Greenwich Investment Management Inc sold 39,247 shares as the company’s stock declined 15.61% with the market. The institutional investor held 34,746 shares of the real estate investment trusts company at the end of 2017Q4, valued at $820,000, down from 73,993 at the end of the previous reported quarter. Greenwich Investment Management Inc who had been investing in Geo Group Inc New for a number of months, seems to be less bullish one the $2.95 billion market cap company. The stock decreased 0.78% or $0.19 during the last trading session, reaching $24.2. About 501,636 shares traded. The GEO Group, Inc. (NYSE:GEO) has declined 34.79% since May 25, 2017 and is downtrending. It has underperformed by 46.34% the S&P500.

Chase Investment Counsel Corp decreased its stake in Microchip Technology Inc (MCHP) by 49.07% based on its latest 2017Q4 regulatory filing with the SEC. Chase Investment Counsel Corp sold 5,645 shares as the company’s stock rose 6.16% while stock markets declined. The institutional investor held 5,860 shares of the semiconductors company at the end of 2017Q4, valued at $514,000, down from 11,505 at the end of the previous reported quarter. Chase Investment Counsel Corp who had been investing in Microchip Technology Inc for a number of months, seems to be less bullish one the $22.29 billion market cap company. The stock increased 0.82% or $0.77 during the last trading session, reaching $94.85. About 1.08M shares traded. Microchip Technology Incorporated (NASDAQ:MCHP) has risen 29.63% since May 25, 2017 and is uptrending. It has outperformed by 18.08% the S&P500.

Chase Investment Counsel Corp, which manages about $422.50M and $189.77M US Long portfolio, upped its stake in Masco Corp (NYSE:MAS) by 72,793 shares to 103,044 shares, valued at $4.53M in 2017Q4, according to the filing. It also increased its holding in Apple Inc (NASDAQ:AAPL) by 23,544 shares in the quarter, for a total of 25,930 shares, and has risen its stake in Global Pmts Inc (NYSE:GPN).

Investors sentiment decreased to 1 in Q4 2017. Its down 0.15, from 1.15 in 2017Q3. It fall, as 44 investors sold MCHP 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. Azimuth Capital Mngmt Ltd Liability Company stated it has 17,705 shares. Wespac Advsr Ltd Limited Liability Company accumulated 0.48% or 5,924 shares. Arrow Fincl accumulated 596 shares. Opus Mgmt holds 1.13% or 72,400 shares in its portfolio. M&T Comml Bank Corp invested in 0.07% or 156,083 shares. Adage Grp Limited Com has invested 0.04% in Microchip Technology Incorporated (NASDAQ:MCHP). Strategy Asset Managers Ltd Liability Com has 162,013 shares. Nelson Van Denburg Campbell Wealth Grp Limited Liability Company reported 14 shares. Tower Research Cap Lc (Trc), New York-based fund reported 724 shares. Hutchin Hill Cap LP reported 16,800 shares. Cookson Peirce has 270,060 shares. Godsey And Gibb Assoc has 2.26% invested in Microchip Technology Incorporated (NASDAQ:MCHP). Pinnacle Associates reported 0.23% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). Creative Planning reported 20,074 shares. Coho Prtnrs Limited accumulated 1.54 million shares.

Since February 22, 2018, it had 0 insider purchases, and 13 selling transactions for $6.45 million activity. Another trade for 3,998 shares valued at $374,013 was sold by LITTLE MITCHELL R. SIMONCIC RICHARD J had sold 3,850 shares worth $324,093. $567,720 worth of Microchip Technology Incorporated (NASDAQ:MCHP) was sold by DAY L B on Wednesday, March 7. Bjornholt James Eric sold $215,913 worth of Microchip Technology Incorporated (NASDAQ:MCHP) on Tuesday, May 22. 4,696 shares were sold by DREHOBL STEPHEN V, worth $439,311 on Tuesday, May 22. Another trade for 6,000 shares valued at $564,492 was sold by CHAPMAN MATTHEW W.

Among 24 analysts covering Microchip Technology (NASDAQ:MCHP), 23 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Microchip Technology had 71 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) earned “Hold” rating by SunTrust on Wednesday, February 7. On Thursday, March 1 the stock rating was maintained by SunTrust with “Hold”. As per Tuesday, November 8, the company rating was upgraded by Bank of America. The firm earned “Buy” rating on Tuesday, November 7 by Jefferies. Morgan Stanley maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Wednesday, December 13. Morgan Stanley has “Equal-Weight” rating and $99 target. Stifel Nicolaus maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Thursday, August 3. Stifel Nicolaus has “Buy” rating and $9400 target. Citigroup maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Tuesday, August 9. Citigroup has “Buy” rating and $64 target. The firm earned “Outperform” rating on Tuesday, November 7 by Credit Suisse. Mizuho maintained the shares of MCHP in report on Wednesday, February 8 with “Neutral” rating. The firm earned “Overweight” rating on Tuesday, September 8 by JP Morgan.

Analysts await Microchip Technology Incorporated (NASDAQ:MCHP) to report earnings on August, 2. They expect $1.36 EPS, up 8.80% or $0.11 from last year’s $1.25 per share. MCHP’s profit will be $319.65M for 17.44 P/E if the $1.36 EPS becomes a reality. After $1.33 actual EPS reported by Microchip Technology Incorporated for the previous quarter, Wall Street now forecasts 2.26% EPS growth.

More notable recent Microchip Technology Incorporated (NASDAQ:MCHP) news were published by: Nasdaq.com which released: “Microchip Technology Announces Intention to Offer Senior Secured Notes of Multiple Tranches” on May 21, 2018, also Globenewswire.com with their article: “Microchip Technology Incorporated Prices $2.0 Billion Note Offering” published on May 24, 2018, Nasdaq.com published: “SST and UMC Announce Qualification of Embedded SuperFlash® Technology on 40 nm CMOS Process” on April 30, 2018. More interesting news about Microchip Technology Incorporated (NASDAQ:MCHP) were released by: Nasdaq.com and their article: “Easily Implement Low-power Touch Pads with Surface Gestures Using Microchip’s New Software Library” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “Beijing Approves Microchip Deal, Boding Well For Qualcomm-NXP” with publication date: May 17, 2018.

Greenwich Investment Management Inc, which manages about $387.59M and $69.76M US Long portfolio, upped its stake in Triangle Cap Corp (NYSE:TCAP) by 145,116 shares to 271,484 shares, valued at $2.58 million in 2017Q4, according to the filing.

Analysts await The GEO Group, Inc. (NYSE:GEO) to report earnings on August, 6. They expect $0.48 EPS, down 21.31% or $0.13 from last year’s $0.61 per share. GEO’s profit will be $58.57 million for 12.60 P/E if the $0.48 EPS becomes a reality. After $0.57 actual EPS reported by The GEO Group, Inc. for the previous quarter, Wall Street now forecasts -15.79% negative EPS growth.

Microchip Technology Incorporated (NASDAQ:MCHP) Institutional Positions Chart

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