Cornercap Investment Counsel Upped By $1.09 Million Its Microchip Technology (MCHP) Holding; Westell Tech Class A (WSTL) Shorts Down By 22.56%

December 6, 2017 - By Vivian Currie

Cornercap Investment Counsel Inc increased Microchip Technology (MCHP) stake by 50.86% reported in 2017Q2 SEC filing. Cornercap Investment Counsel Inc acquired 14,150 shares as Microchip Technology (MCHP)’s stock rose 11.86%. The Cornercap Investment Counsel Inc holds 41,970 shares with $3.24M value, up from 27,820 last quarter. Microchip Technology now has $20.14B valuation. The stock decreased 0.14% or $0.12 during the last trading session, reaching $86.09. About 347,552 shares traded. Microchip Technology Incorporated (NASDAQ:MCHP) has risen 68.30% since December 6, 2016 and is uptrending. It has outperformed by 51.60% the S&P500.

Westell Tech Class A (NASDAQ:WSTL) had a decrease of 22.56% in short interest. WSTL’s SI was 10,300 shares in December as released by FINRA. Its down 22.56% from 13,300 shares previously. With 15,800 avg volume, 1 days are for Westell Tech Class A (NASDAQ:WSTL)’s short sellers to cover WSTL’s short positions. The stock decreased 2.16% or $0.09 during the last trading session, reaching $4.07. About 26,856 shares traded. Westell Technologies, Inc. (NASDAQ:WSTL) has declined 30.72% since December 6, 2016 and is downtrending. It has underperformed by 47.42% the S&P500.

Investors sentiment decreased to 1 in Q2 2017. Its down 0.11, from 1.11 in 2017Q1. It fall, as 38 investors sold MCHP 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. Moreover, Financial Advisers Ltd Liability Company has 0.03% invested in Microchip Technology Incorporated (NASDAQ:MCHP). Saturna Capital invested in 1.46% or 571,843 shares. 22,252 were accumulated by Asset Mgmt. The Utah-based Utah Retirement has invested 0.07% in Microchip Technology Incorporated (NASDAQ:MCHP). Massachusetts Fincl Serv Ma has 3.30M shares for 0.11% of their portfolio. Tcw Grp Inc Inc has 0.1% invested in Microchip Technology Incorporated (NASDAQ:MCHP). Rockefeller Fincl has invested 0% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). Ameritas Inv Ptnrs has invested 0.03% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). Epoch reported 0.07% stake. Moreover, Miles Capital Incorporated has 0.22% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 5,322 shares. Mutual Of America Cap Management Limited accumulated 33,743 shares or 0.05% of the stock. Macquarie Ltd owns 132,038 shares. Andra Ap owns 15,100 shares. Commonwealth Equity Svcs holds 0.02% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP) for 45,433 shares. Css Llc Il holds 1,600 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. The firm earned “Buy” rating on Thursday, October 19 by Jefferies. Stifel Nicolaus maintained Microchip Technology Incorporated (NASDAQ:MCHP) on Tuesday, September 26 with “Buy” rating. As per Friday, January 15, the company rating was upgraded by Needham. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Wednesday, November 1. The rating was maintained by Jefferies on Tuesday, August 9 with “Buy”. On Tuesday, November 7 the stock rating was maintained by Jefferies with “Buy”. The stock has “Strong Buy” rating by Needham on Wednesday, February 8. Needham maintained the shares of MCHP in report on Friday, August 4 with “Buy” rating. The rating was maintained by B. Riley & Co with “Buy” on Tuesday, November 7. The rating was maintained by Susquehanna on Tuesday, November 7 with “Buy”.

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