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MCHP

Microchip

$82.29

-0.45 (-0.54%)

05:37
09/25/18
09/25
05:37
09/25/18
05:37

Microchip initiated with a Sector Weight at KeyBanc

KeyBanc analyst Weston Twigg started Microchip with a Sector Weight rating. The analyst launched coverage of 10 Semiconductor names with neutral ratings saying "softening" cycle metrics, near-term demand dynamics, and trade war risks will likely present near-term headwinds for the stocks.

MCHP Microchip
$82.29

-0.45 (-0.54%)

09/17/18
BOFA
09/17/18
DOWNGRADE
Target $95
BOFA
Neutral
Microchip downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst Vivek Arya downgraded Microchip to Neutral from Buy and lowered its price target to $95 from $115 citing more balanced risk/reward, high debt leverage, and Microsemi integration risk, especially from excess channel inventory.
09/10/18
PIPR
09/10/18
NO CHANGE
Target $63
PIPR
Overweight
Piper sees strong demand trends for semis, ups Semtech price target
After hosting investor meetings with management teams across the country, Piper Jaffray analyst Harsh Kumar says semiconductor demand trends continue to remain strong. Companies are still seeing little to no impact from the trade war/tariff rhetoric, Kumar tells investors in a research note. He believes Semtech (SMTC) and Integrated Device Technology (IDTI) represent two of the best organic growth stories in the semiconductor landscape. The analyst raised his price target for Semtech to $63 from $57 and keeps an Overweight rating on the name. His top overall picks in the second remain Broadcom (AVGO), Microchip (MCHP) and Semtech.
08/13/18
NEED
08/13/18
NO CHANGE
Target $120
NEED
Strong Buy
Microchip price target lowered to $120 from $130 at Needham
Needham analyst Rajvindra Gill lowered his price target on Microchip to $120 citing its worse than expected Q2 outlook, saying the company is trying to clear about $100M in excess MSCC inventory while "stuffing the channel". Gill believes that Microchip can clear the excess inventory over the next couple of quarters and remains at Strong Buy, though he also expresses some concern over the negative demand impact from tariffs. The analyst further notes that he plans to monitor the trade situation but otherwise believes that Microchip's path to $8 in EPS by 2021 remains on track.
08/10/18
WELS
08/10/18
NO CHANGE
WELS
Outperform
Wells says Arrow Electronics weakness on Microchip fears a buying opportunity
Wells Fargo analyst Joe Quatrochi blames the weakness in Arrow Electronics (ARW) shares to comments made from Microchip (MCHP) that through the integration process of Microsemi it discovered what was deemed to be "aggressive shipping" to distributors and contract manufacturers and it is in the process of rightsizing inventory in the distribution channel. However, he would be a buyer of Arrow on weakness, as he thinks the size of inventory correction is relatively small across multiple distributors, largely took place in the June quarter, and should be reflected in Arrow's results and outlook already. Additionally, Quatrochi notes that Arrow has reported that no single supplier accounted for more than 7% of total revenue in 2017 and he thinks the combined companies still represent well under 7% of Arrow's revenue. He keeps an Outperform rating on Arrow shares, which are down 1.7% to $76.79 in afternoon trading.

TODAY'S FREE FLY STORIES

ALK

Alaska Air

$62.90

0.39 (0.62%)

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Alaska Air analyst commentary  »

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IQV

Iqvia

$145.74

4.335 (3.07%)

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AIMT

Aimmune

$20.20

-0.33 (-1.61%)

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Aimmune analyst commentary  »

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TBPH

Theravance Biopharma

$16.61

-0.1 (-0.60%)

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SABR

Sabre

$22.80

0.36 (1.60%)

05:06
06/19/19
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05:06
Downgrade
Sabre rating change  »

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LW

Lamb Weston

$58.97

-0.88 (-1.47%)

05:05
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Lamb Weston rating change  »

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SPWR

SunPower

$10.16

1.89 (22.85%)

05:04
06/19/19
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SunPower rating change  »

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ICAGY

IAG

$0.00

(0.00%)

05:03
06/19/19
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05:03
06/19/19
05:03
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IAG rating change  »

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ESYJY

easyJet

$0.00

(0.00%)

05:02
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05:02
Downgrade
easyJet rating change  »

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AFLYY

Air France-KLM

$0.00

(0.00%)

05:01
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Downgrade
Air France-KLM rating change  »

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MRTX

Mirati Therapeutics

$102.20

1.8 (1.79%)

05:00
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05:00
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Downgrade
Mirati Therapeutics rating change  »

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IFNNY

Infineon

$0.00

(0.00%)

04:57
06/19/19
06/19
04:57
06/19/19
04:57
Initiation
Infineon initiated  »

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ENR

Energizer

04:56
06/19/19
06/19
04:56
06/19/19
04:56
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Energizer rating change  »

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JSTTY

Just Eat

04:55
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04:55
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Just Eat rating change  »

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04:55
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General news
Breaking General news story  »

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WMT

Walmart

$109.66

0.51 (0.47%)

, IPAR

Inter Parfums

$66.80

0.51 (0.77%)

04:55
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Conference/Events
Jefferies to hold a conference »

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WMT

Walmart

$109.66

0.51 (0.47%)

IPAR

Inter Parfums

$66.80

0.51 (0.77%)

PG

Procter & Gamble

$109.60

-1.385 (-1.25%)

VGR

Vector Group

$9.61

-0.21 (-2.14%)

CHDN

Churchill Downs

$115.82

1.71 (1.50%)

CLUB

Town Sports

$2.41

-0.09 (-3.60%)

IGT

International Game

$13.62

0.5 (3.81%)

TACO

Del Taco

$11.44

0.11 (0.97%)

WYND

Wyndham Destinations

$42.93

0.18 (0.42%)

VAC

Marriott Vacations

$98.69

1.46 (1.50%)

KIM

Kimco Realty

$18.99

-0.02 (-0.11%)

AEO

American Eagle

$17.69

-0.27 (-1.50%)

LOCO

El Pollo Loco

$10.94

-0.11 (-1.00%)

BJ

BJ's Wholesale

$25.09

0.3 (1.21%)

TCX

Tucows

$61.30

-0.01 (-0.02%)

COT

Cott Corp.

$13.88

0.02 (0.14%)

CRMT

America's Car-Mart

$84.97

-1.62 (-1.87%)

DG

Dollar General

$137.03

1.18 (0.87%)

NUS

Nu Skin

$50.47

0.815 (1.64%)

CHEF

Chefs' Warehouse

$33.84

0.11 (0.33%)

HLF

Herbalife Nutrition

$43.87

0.83 (1.93%)

OLLI

Ollie's Bargain Outlet

$92.00

-0.32 (-0.35%)

SPTN

SpartanNash

$11.42

0.1 (0.88%)

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GFN

General Finance Corp

$8.19

0.27 (3.41%)

04:55
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  • 19

    Jun

SEEL

Seelos Therapeutics

$2.26

0.075 (3.44%)

04:55
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Conference/Events
Seelos Therapeutics management to meet with Benchmark »

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  • 19

    Jun

IBTX

Independent Bank

$54.77

1.26 (2.35%)

04:55
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04:55
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04:55
Conference/Events
Independent Bank management to meet with Sandler ONeill »

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  • 19

    Jun

  • 26

    Aug

SMG

Scotts Miracle-Gro

$98.13

1.24 (1.28%)

04:55
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Conference/Events
Scotts Miracle-Gro management to meet with William Blair »

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  • 19

    Jun

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CSV

Carriage Services

$19.34

-0.03 (-0.15%)

04:55
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Carriage Services management to meet with Sidoti »

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  • 19

    Jun

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BAM

Brookfield

$47.97

0.82 (1.74%)

04:55
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Brookfield management to meet with TD Securities »

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  • 19

    Jun

  • 08

    Aug

SNV

Synovus

$33.69

0.98 (3.00%)

04:55
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Conference/Events
Synovus management to meet with Stephens »

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  • 19

    Jun

BIG

Big Lots

$29.68

0.25 (0.85%)

04:55
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Big Lots management to meet with Loop Capital »

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  • 19

    Jun

REED

Reed's

$3.66

-0.05 (-1.35%)

04:55
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Conference/Events
Reed's management to meet with Lake Street »

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  • 19

    Jun

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