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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

BCYC

Bicycle Therapeutics

$0.00

(0.00%)

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IDYA

IDEAYA Biosciences

$0.00

(0.00%)

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MDT

Medtronic

$89.02

1.22 (1.39%)

, HRL

Hormel Foods

$39.48

-0.33 (-0.83%)

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Earnings
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MDT

Medtronic

$89.02

1.22 (1.39%)

HRL

Hormel Foods

$39.48

-0.33 (-0.83%)

BBY

Best Buy

$69.26

-0.68 (-0.97%)

BJ

BJ's Wholesale

$26.50

0.94 (3.68%)

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HFC

HollyFrontier

$42.69

-1.45 (-3.29%)

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PS

Pluralsight

$33.43

-0.58 (-1.71%)

, MSFT

Microsoft

$127.67

0.77 (0.61%)

20:04
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Recommendations
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PS

Pluralsight

$33.43

-0.58 (-1.71%)

MSFT

Microsoft

$127.67

0.77 (0.61%)

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GTE

Gran Tierra

$2.09

-0.03 (-1.42%)

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PGR

Progressive

$80.47

0.44 (0.55%)

19:10
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Progressive's Sieger sells 7,500 common shares »

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CRM

Salesforce

$157.60

1.83 (1.17%)

19:05
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Salesforce Ventures launches $125M Europe Trailblazer Fund »

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MRCY

Mercury Systems

$70.96

0.08 (0.11%)

19:05
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Syndicate
Mercury Systems 6M share Secondary priced at $69.00 »

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RNG

RingCentral

$122.58

0.14 (0.11%)

18:57
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RingCentral CEO: We have an all in one solution for business communications »

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LB

L Brands

$24.29

1.605 (7.08%)

, VIPS

Vipshop

$7.75

0.095 (1.24%)

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LB

L Brands

$24.29

1.605 (7.08%)

VIPS

Vipshop

$7.75

0.095 (1.24%)

CPRT

Copart

$64.99

-0.91 (-1.38%)

CTRP

Ctrip

$37.78

-0.09 (-0.24%)

SNPS

Synopsys

$115.10

-0.63 (-0.54%)

AVP

Avon Products

$4.07

0.875 (27.39%)

GILD

Gilead

$67.25

0.73 (1.10%)

IOVA

Iovance Biotherapeutics

$17.71

1.5 (9.25%)

AMGN

Amgen

$173.23

3.61 (2.13%)

NTAP

NetApp

$62.58

-7.43 (-10.61%)

SCVL

Shoe Carnival

$29.65

-2.6 (-8.06%)

HTHT

Huazhu Group

$34.41

-0.47 (-1.35%)

SBLK

Star Bulk Carriers

$8.13

-0.13 (-1.57%)

ONVO

Organovo

$0.78

-0.158 (-16.84%)

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HMC

Honda

$25.54

-0.17 (-0.66%)

, TKTDY

Takata

$0.00

(0.00%)

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HMC

Honda

$25.54

-0.17 (-0.66%)

TKTDY

Takata

$0.00

(0.00%)

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DSNKY

Daiichi Sankyo

$0.00

(0.00%)

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Periodicals
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SPOT

Spotify

$127.10

-5.06 (-3.83%)

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Periodicals
Spotify resets some users' passwords over 'suspicious activity,' TechCrunch says »

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IDXX

Idexx Laboratories

$250.45

1.24 (0.50%)

18:20
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Idexx Laboratories CEO: We're at the beginning of our runway for growth »

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  • 05

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OMC

Omnicom

$79.79

-0.3 (-0.37%)

18:15
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Hot Stocks
Omnicom CEO sells 60.5K shares of common stock »

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BSX

Boston Scientific

$37.74

0.04 (0.11%)

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Boston Scientific initiates trial of WATCHMAN FLX appendage closure platform »

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CTRP

Ctrip

$37.63

-0.24 (-0.63%)

18:03
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Ctrip reports Q1 gross margin 79% vs. 82% a year ago »

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CTRP

Ctrip

$37.63

-0.24 (-0.63%)

18:02
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Earnings
Breaking Earnings news story on Ctrip »

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CTRP

Ctrip

$37.63

-0.24 (-0.63%)

18:01
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Earnings
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CE

Celanese

$100.10

-0.18 (-0.18%)

18:01
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Celanese announces acetyls product price increases »

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XRAY

Dentsply Sirona

$54.64

-0.25 (-0.46%)

17:57
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Dentsply Sirona CFO Alexos to leave company in connection with relocation »

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SIM

Grupo Simec

$9.23

(0.00%)

17:55
05/22/19
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17:55
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Grupo Simec receives noncompliance notification from NYSE »

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CPRT

Copart

$64.78

-1.12 (-1.70%)

17:51
05/22/19
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Earnings
Copart reports Q3 adjusted EPS 66c, consensus 62c »

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NVS

Novartis

$83.94

1.555 (1.89%)

17:51
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Novartis CEO sees Zolgensma price 'far lower' than $4M-$5M range, Reuters says »

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