The shares of Microchip Technology Incorporated (NASDAQ:MCHP) has been pegged with a rating of Neutral by BofA/Merrill in its latest research note that was published on November 8th, 2018. The research company has also assigned a $80 price target. BofA/Merrill wasn’t the only research firm that published a report of Microchip Technology Incorporated, with other equities research analysts also giving their opinion on the stock. B. Riley FBR advised investors in its research note published on November 8th, 2018, to Buy the MCHP stock while also putting a $100 price target. The stock had earned Sector Weight rating from KeyBanc Capital Mkts when it published its report on September 25th, 2018. The stock was given Mkt Perform rating by Raymond James in its report released on September 25th, 2018. BofA/Merrill was of a view that MCHP is Neutral in its latest report on September 17th, 2018. Needham thinks that MCHP is worth Strong Buy rating. This was contained in the firm’s report on August 13th, 2018 in which the stock’s price target was also moved to $120.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 4 believe it has the potential for further growth, thus rating it as Hold while 5 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $97.82. The price of the stock the last time has raised by 27.07% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 61.63.
The shares of the company added by 0.67% during the trading session on Friday, reaching a low of $75.94 while ending the day at $77.13. During the trading session, a total of 4.54 million shares were traded which represents a -21.78% decline from the average session volume which is 3.73M shares. MCHP had ended its last session trading at 76.62. Microchip Technology Incorporated currently has a market cap of $18.12B, while its P/E ratio stands at 33.92, while its P/E earnings growth sits at 3.90, with a beta of 1.16. Microchip Technology Incorporated debt-to-equity ratio currently stands at 2.11, while its quick ratio hovers at 0.60. MCHP 52-week low price stands at $60.70 while its 52-week high price is $104.20.
The company in its last quarterly report recorded $1.81 earnings per share which is above the $1.73 predicted by most analysts. The Microchip Technology Incorporated generated $1,513.30 million in revenue during the last quarter, which is slightly higher than the $1,505.63 million predicted by analysts. In the second quarter last year, the firm recorded $1.61 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 11.05%. Microchip Technology Incorporated has the potential to record 2.27 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Barclays published a research note on January 9th, 2019 where it informed investors and clients that Lowe’s Companies, Inc. (NYSE:LOW) is now rated as Equal Weight. Their price target on the stock stands at $105. B. Riley FBR also rated LOW as Reiterated on November 8th, 2018, with its price target of $100 suggesting that LOW could surge by 13.02% from its current share price. Even though the stock has been trading at $95.98/share, analysts expect it to surge higher by 1.38% to reach $111.86/share. It started the day trading at $97.61 and traded between $95.4 and $97.30 throughout the trading session.
A look at its technical shows that LOW’s 50-day SMA is 93.03 while its 200-day SMA stands at 96.83. The stock has a high of $117.70 for the year while the low is $81.16. The company’s P/E ratio currently sits at 21.51, while the P/B ratio is 14.54. The company’s average trading volume currently stands at 5.34M shares, which means that the short-interest ratio is just 2.30 days. Over the past seven days, the company moved, with its shift of 3.65%. Looking further, the stock has dropped -8.46% over the past 90 days while it lost -1.02% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc sold more LOW shares, decreasing its portfolio by -0.03% during the last quarter. This move now sees The Vanguard Group Inc selling -20,764 shares in the last quarter, thus it now holds 62,425,856 shares of LOW, with a total valuation of $5,765,652,060. SSgA Funds Management Inc meanwhile bought more LOW shares in the recently filed quarter, changing its stake to $3,284,327,788 worth of shares. BlackRock Fund Advisors followed the path by decreasing its LOW portfolio by -0.98% in the quarter. This means that BlackRock Fund Advisors sold -338,975 shares in the last quarter and now controls 34,387,701 shares of the LOW stock, with the valuation hitting $3,176,048,064.
Similarly, Fidelity Management Research Co increased its Lowe’s Companies, Inc. shares by +10.68% during the recently filed quarter. After buying 1,864,175 shares in the last quarter, the firm now controls 19,318,311 shares of Lowe’s Companies, Inc. which are valued at $1,784,239,204. In the same vein, Magellan Asset Management Ltd decreased its Lowe’s Companies, Inc. shares by during the most recent reported quarter. The firm sold -3,853,197 shares during the quarter which decreased its stakes to 16,348,078 shares and is now valued at $1,509,908,484. Following these latest developments, around 0.16% of Lowe’s Companies, Inc. stocks are owned by institutional investors and hedge funds.