Earnest Partners Has Cut Adv Energy Inds (AEIS) Stake; Microchip Technology (MCHP) Shorts Lowered By 0.75%

November 15, 2017 - By Vivian Park

Microchip Technology Incorporated (NASDAQ:MCHP) had a decrease of 0.75% in short interest. MCHP’s SI was 29.28M shares in November as released by FINRA. Its down 0.75% from 29.50 million shares previously. With 1.45M avg volume, 20 days are for Microchip Technology Incorporated (NASDAQ:MCHP)’s short sellers to cover MCHP’s short positions. The SI to Microchip Technology Incorporated’s float is 13.85%. It closed at $91.01 lastly. It is down 68.30% since November 15, 2016 and is uptrending. It has outperformed by 51.60% the S&P500.

Earnest Partners Llc decreased Adv Energy Inds (AEIS) stake by 4.66% reported in 2017Q2 SEC filing. Earnest Partners Llc sold 89,879 shares as Adv Energy Inds (AEIS)’s stock rose 23.75%. The Earnest Partners Llc holds 1.84 million shares with $118.97 million value, down from 1.93 million last quarter. Adv Energy Inds now has $3.27 billion valuation. It closed at $82.47 lastly. It is down 125.79% since November 15, 2016 and is uptrending. It has outperformed by 109.09% the S&P500.

Microchip Technology Incorporated is engaged in developing, manufacturing and selling specialized semiconductor products used by its clients for a range of embedded control applications. The company has market cap of $21.18 billion. The Firm operates through two divisions: semiconductor products and technology licensing. It has a 36.35 P/E ratio. In the semiconductor products segment, the Company designs, develops, makes and markets microcontrollers, development tools and analog, interface, mixed signal and timing products.

Since May 22, 2017, it had 0 buys, and 4 selling transactions for $990,698 activity. 2,824 shares valued at $226,739 were sold by SIMONCIC RICHARD J on Monday, May 22. The insider DREHOBL STEPHEN V sold 3,974 shares worth $319,072. Bjornholt James Eric sold $201,528 worth of Microchip Technology Inc. (NASDAQ:MCHP) on Monday, May 22. LITTLE MITCHELL R had sold 3,031 shares worth $243,359 on Monday, May 22.

Investors sentiment decreased to 1 in 2017 Q2. Its down 0.11, from 1.11 in 2017Q1. It worsened, as 38 investors sold Microchip Technology Inc. shares while 242 reduced holdings. 71 funds opened positions while 210 raised stakes. 235.26 million shares or 2.61% more from 229.26 million shares in 2017Q1 were reported. Shine Investment Advisory Inc holds 275 shares or 0.01% of its portfolio. Connor Clark Lunn Inv Management stated it has 0.01% in Microchip Technology Inc. (NASDAQ:MCHP). Pinnacle stated it has 0.38% of its portfolio in Microchip Technology Inc. (NASDAQ:MCHP). Kbc Gp Nv invested in 0.02% or 29,560 shares. Rmb Mngmt Limited Liability Corp has 0.58% invested in Microchip Technology Inc. (NASDAQ:MCHP). Gideon Capital Advsr Incorporated reported 2,986 shares stake. Prudential Financial Inc stated it has 324,201 shares. Moreover, Integral Derivatives Limited Liability has 0.01% invested in Microchip Technology Inc. (NASDAQ:MCHP) for 7,889 shares. The New York-based Alkeon Mgmt Ltd Liability has invested 1.27% in Microchip Technology Inc. (NASDAQ:MCHP). 7,000 are held by Capital Associates. M&T Bank & Trust, New York-based fund reported 156,646 shares. Veritable Lp holds 0.01% or 3,883 shares in its portfolio. Waddell Reed owns 5.46 million shares or 0.93% of their US portfolio. Moreover, Blackrock has 0.06% invested in Microchip Technology Inc. (NASDAQ:MCHP) for 14.72 million shares. Moors & Cabot holds 0.11% or 8,195 shares.

Among 22 analysts covering Microchip Technology (NASDAQ:MCHP), 17 have Buy rating, 0 Sell and 5 Hold. Therefore 77% are positive. Microchip Technology had 57 analyst reports since August 5, 2015 according to SRatingsIntel. As per Tuesday, June 6, the company rating was maintained by B. Riley & Co. The rating was maintained by B. Riley & Co on Tuesday, November 7 with “Buy”. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, November 7. The rating was upgraded by Needham on Friday, January 15 to “Buy”. The firm earned “Buy” rating on Tuesday, November 8 by Bank of America. The stock of Microchip Technology Inc. (NASDAQ:MCHP) earned “Overweight” rating by Morgan Stanley on Tuesday, January 19. On Wednesday, August 5 the stock rating was maintained by Jefferies with “Buy”. The rating was maintained by Needham on Tuesday, November 8 with “Buy”. Goldman Sachs upgraded the shares of MCHP in report on Friday, November 4 to “Neutral” rating. The stock has “Buy” rating by Needham on Friday, August 4.

Among 9 analysts covering Advanced Energy Industries Inc. (NASDAQ:AEIS), 2 have Buy rating, 0 Sell and 7 Hold. Therefore 22% are positive. Advanced Energy Industries Inc. had 21 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was downgraded by Raymond James on Thursday, July 14 to “Market Perform”. As per Wednesday, February 1, the company rating was maintained by Needham. Citigroup initiated Advanced Energy Industries, Inc. (NASDAQ:AEIS) on Wednesday, October 12 with “Neutral” rating. The firm earned “Buy” rating on Wednesday, February 1 by Dougherty & Company. The stock of Advanced Energy Industries, Inc. (NASDAQ:AEIS) earned “Neutral” rating by Susquehanna on Tuesday, April 19. Needham maintained Advanced Energy Industries, Inc. (NASDAQ:AEIS) on Friday, October 13 with “Buy” rating. The stock of Advanced Energy Industries, Inc. (NASDAQ:AEIS) has “Buy” rating given on Thursday, July 28 by Dougherty & Company. The rating was maintained by Needham on Monday, September 18 with “Buy”. Needham maintained the shares of AEIS in report on Wednesday, August 5 with “Buy” rating. Zacks downgraded the stock to “Strong-Buy” rating in Thursday, August 6 report.

Since May 18, 2017, it had 0 buys, and 5 selling transactions for $5.27 million activity. 29,772 shares valued at $2.29 million were sold by MCGIMPSEY THOMAS O on Thursday, May 25. Liguori Thomas also sold $379,464 worth of Advanced Energy Industries, Inc. (NASDAQ:AEIS) on Monday, June 12. GRADY EDWARD C had sold 6,000 shares worth $480,120. 15,743 shares were sold by WASSERMAN YUVAL, worth $1.14 million on Monday, June 19.

Analysts await Advanced Energy Industries, Inc. (NASDAQ:AEIS) to report earnings on January, 29. They expect $1.09 earnings per share, up 7.92% or $0.08 from last year’s $1.01 per share. AEIS’s profit will be $43.22M for 18.92 P/E if the $1.09 EPS becomes a reality. After $1.09 actual earnings per share reported by Advanced Energy Industries, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Earnest Partners Llc increased Meritage Homes C (NYSE:MTH) stake by 329,380 shares to 1.72 million valued at $72.40 million in 2017Q2. It also upped Teva Pharm (NYSE:TEVA) stake by 847,451 shares and now owns 2.99M shares. Mueller Water (NYSE:MWA) was raised too.

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