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MCHP

Microchip

$82.29

-0.45 (-0.54%)

06:00
09/25/18
09/25
06:00
09/25/18
06:00

Microchip downgraded to Market Perform from Outperform at Raymond James

Raymond James analyst Chris Caso downgraded Microchip to Market Perform from Outperform based on sector cyclical concerns following checks in Asia. Caso's checks indicate there has been a negative sentiment shift during the month of September among suppliers, with several trends clearly worsening. The analyst has concluded that the the semiconductor sector has entered a cyclical downturn and has made a broad call to downgrade nearly all of his stocks under coverage. Caso believes trends at Microchip have worsened since the August earnings call and are reflected in valuation, but is not sure about the magnitude or duration of this slowdown and prefers to move to the sideline.

MCHP Microchip
$82.29

-0.45 (-0.54%)

09/25/18
KEYB
09/25/18
INITIATION
KEYB
Sector Weight
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.
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.

TODAY'S FREE FLY STORIES

SCHW

Charles Schwab

$42.50

-1.06 (-2.43%)

12:40
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Schwab puts active as shares shed 2.6% »

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TTOO

T2 Biosystems

$1.91

-0.65 (-25.39%)

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HPQ

HP Inc.

$19.01

-0.28 (-1.45%)

, CSCO

Cisco

$54.13

-1.56 (-2.80%)

12:37
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Earnings
Fly Intel: What to watch in HP Inc.'s earnings report »

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HPQ

HP Inc.

$19.01

-0.28 (-1.45%)

CSCO

Cisco

$54.13

-1.56 (-2.80%)

JNPR

Juniper

$25.33

-0.54 (-2.09%)

CIEN

Ciena

$34.97

-0.29 (-0.82%)

FFIV

F5 Networks

$137.43

-2.9 (-2.07%)

NOK

Nokia

$4.98

-0.14 (-2.73%)

MSFT

Microsoft

$124.85

-2.82 (-2.21%)

AAPL

Apple

$178.43

-4.18 (-2.29%)

DELL

Dell Technologies

$65.75

-3.26 (-4.72%)

LNVGY

Lenovo

$0.00

(0.00%)

GOOG

Alphabet

$1,129.61

-20.89 (-1.82%)

GOOGL

Alphabet Class A

$1,133.98

-19.13 (-1.66%)

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BDX

Becton Dickinson

$232.08

-3.68 (-1.56%)

12:37
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TTWO

Take-Two

$103.79

-0.49 (-0.47%)

, EA

Electronic Arts

$92.40

-1.72 (-1.83%)

12:36
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Periodicals
Bill to ban video game loot boxes gains bipartisan Senate support, Polygon says »

Democratic senators…

TTWO

Take-Two

$103.79

-0.49 (-0.47%)

EA

Electronic Arts

$92.40

-1.72 (-1.83%)

ATVI

Activision Blizzard

$42.30

-0.61 (-1.42%)

TCEHY

Tencent

$0.00

(0.00%)

UBSFY

Ubisoft

$0.00

(0.00%)

NTDOY

Nintendo

$0.00

(0.00%)

MSFT

Microsoft

$124.84

-2.83 (-2.22%)

SNE

Sony

$48.42

-2.07 (-4.10%)

03/08/13
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    Nov

TSLA

Tesla

$194.73

3.34 (1.75%)

12:34
05/23/19
05/23
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12:34
Hot Stocks
Tesla has no immediate plans to raise money, Charles Gasparino tweets »

Charles Gasparino of Fox…

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  • 11

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TTOO

T2 Biosystems

$1.92

-0.64 (-25.00%)

12:34
05/23/19
05/23
12:34
05/23/19
12:34
Recommendations
T2 Biosystems analyst commentary  »

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  • 07

    Jun

XLF

Financial Select Sector

$26.60

-0.4 (-1.48%)

12:30
05/23/19
05/23
12:30
05/23/19
12:30
Options
Hedging activity in SPDR Healthcare Fund »

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MUX

McEwen Mining

$1.30

0.045 (3.60%)

12:25
05/23/19
05/23
12:25
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12:25
Conference/Events
McEwen Mining to hold a company meeting »

Management holds a…

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SSNLF

Samsung

$0.00

(0.00%)

, AAPL

Apple

$178.95

-3.66 (-2.00%)

12:24
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05/23
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12:24
Periodicals
Samsung, Apple reportedly in talks over OLED displays, MacRumors reports »

Samsung (SSNLF) is in…

SSNLF

Samsung

$0.00

(0.00%)

AAPL

Apple

$178.95

-3.66 (-2.00%)

03/08/13
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  • 03

    Jun

VIPS

Vipshop

$7.44

-0.31 (-4.00%)

12:20
05/23/19
05/23
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12:20
Upgrade
Vipshop rating change at CLSA »

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  • 23

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MCD

McDonald's

$198.36

-1.82 (-0.91%)

, QSR

Restaurant Brands

$69.14

0.43 (0.63%)

12:20
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Periodicals
McDonald's not planning to add plant-based burger to menu, CNBC reports »

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MCD

McDonald's

$198.36

-1.82 (-0.91%)

QSR

Restaurant Brands

$69.14

0.43 (0.63%)

BYND

Beyond Meat

$81.73

4.23 (5.46%)

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HAL

Halliburton

$23.23

-1.29 (-5.26%)

12:20
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Options
Hefty option play in Halliburton as shares shed nearly 6% »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
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Technical Analysis
NYSE market internals summary »

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AGN

Allergan

$136.16

-3.38 (-2.42%)

, MU

Micron

$33.30

-1.43 (-4.12%)

12:15
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Periodicals
Hedge-fund manager David Tepper may be planning to return money, WSJ says »

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AGN

Allergan

$136.16

-3.38 (-2.42%)

MU

Micron

$33.30

-1.43 (-4.12%)

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$281.31

-4.31 (-1.51%)

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VIPS

Vipshop

$7.41

-0.34 (-4.39%)

12:15
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05/23
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Upgrade
Vipshop rating change at Credit Suisse »

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CTL

CenturyLink

$9.82

-0.135 (-1.36%)

12:15
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Options
CenturyLink put volume heavy and directionally bearish »

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AAPL

Apple

$179.40

-3.21 (-1.76%)

, FB

Facebook

$182.13

-3.12 (-1.68%)

12:10
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On The Fly
Fly Intel: Wall Street's top stories at midday »

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AAPL

Apple

$179.40

-3.21 (-1.76%)

FB

Facebook

$182.13

-3.12 (-1.68%)

BBY

Best Buy

$65.45

-3.81 (-5.50%)

AVP

Avon Products

$3.60

-0.475 (-11.67%)

LB

L Brands

$24.02

-0.27 (-1.11%)

CPRT

Copart

$69.42

4.43 (6.82%)

BLMN

Bloomin' Brands

$18.60

-1.6 (-7.92%)

CMG

Chipotle

$658.50

-47.55 (-6.73%)

NTAP

NetApp

$59.44

-3.14 (-5.02%)

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FB

Facebook

$181.99

-3.26 (-1.76%)

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SHCAY

Sharp

$0.00

(0.00%)

, KYOCF

Kyocera

$0.00

(0.00%)

12:05
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05/23
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Periodicals
Sharp, Kyocera considering shifting production away from China, Nikkei says »

Sharp (SHCAY) and Kyocera…

SHCAY

Sharp

$0.00

(0.00%)

KYOCF

Kyocera

$0.00

(0.00%)

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FB

Facebook

$182.17

-3.08 (-1.66%)

12:03
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Hot Stocks
Breaking Hot Stocks news story on Facebook »

Facebook removed 2.2B…

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FB

Facebook

$182.11

-3.14 (-1.70%)

12:03
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Hot Stocks
Facebook estimates fake accounts total 5% of global monthly active users »

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CTRP

Ctrip

$36.14

-1.64 (-4.34%)

12:00
05/23/19
05/23
12:00
05/23/19
12:00
Upgrade
Ctrip rating change at Daiwa »

Ctrip upgraded to…

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WMS

Advanced Drainage

$29.71

2.91 (10.86%)

12:00
05/23/19
05/23
12:00
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12:00
Hot Stocks
Advanced Drainage rises 8.6% »

Advanced Drainage is up…

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