Microchip Technology (MCHP) Shareholder Opus Investment Management Trimmed Its Position; Trust Asset Management Raised Its Position in Buckeye Partners LP Partnership Shares (BPL) as Share Price Declined

June 15, 2018 - By Marguerite Chambers

Microchip Technology Incorporated (NASDAQ:MCHP) Logo

Trust Asset Management Llc increased its stake in Buckeye Partners Lp Partnership Shares (BPL) by 11.14% based on its latest 2018Q1 regulatory filing with the SEC. Trust Asset Management Llc bought 39,363 shares as the company’s stock declined 22.07% with the market. The institutional investor held 392,785 shares of the natural gas distribution company at the end of 2018Q1, valued at $14.61 million, up from 353,422 at the end of the previous reported quarter. Trust Asset Management Llc who had been investing in Buckeye Partners Lp Partnership Shares for a number of months, seems to be bullish on the $5.58B market cap company. The stock decreased 1.06% or $0.39 during the last trading session, reaching $36.43. About 544,188 shares traded. Buckeye Partners, L.P. (NYSE:BPL) has declined 45.65% since June 15, 2017 and is downtrending. It has underperformed by 58.22% the S&P500. Some Historical BPL News: 04/05/2018 – Buckeye Partners 1Q EPS 74c; 24/04/2018 – BUCKEYE PARTNERS LP – CO WILL OWN A 50% INTEREST IN NEWLY FORMED JOINT VENTURE AND PHILLIPS 66 PARTNERS AND ANDEAVOR WILL EACH OWN A 25% INTEREST; 24/04/2018 – BUCKEYE PARTNERS FORMED JV WITH PHILLIPS 66 PARTNERS, ANDEAVOR; 12/04/2018 – Moody’s Investors Service Has Affirmed Ratings Of 4 Notes Issued By Bpl Mortgages S.R.L. (SME 2014); 23/03/2018 – BUCKEYE PARTNERS LP BPL.N : MORGAN STANLEY CUTS TO EQUAL-WEIGHT FROM OVERWEIGHT; 06/04/2018 – BUCKEYE PARTNERS – DECISION TO MOVE FORWARD WITH Bl-DIRECTIONAL LAUREL SERVICE COMES IN LIGHT OF RECOMMENDED DECISION BY PUC’S ADMINISTRATIVE LAW JUDGE; 05/04/2018 – BUCKEYE REPORTS ~$80M EXPANSION OF CHICAGO COMPLEX; 06/03/2018 Buckeye Partners, L.P.’s 2017 Schedule K-1 Tax Packages Are Now Available; 04/05/2018 – BUCKEYE PARTNERS 1Q ADJ EBITDA $261.7M, EST. $276.3M; 13/04/2018 – Tribune 242: Shell Deal To Help `Revolutionise’ Bpl

Opus Investment Management Inc decreased its stake in Microchip Technology Inc. (MCHP) by 6.91% based on its latest 2018Q1 regulatory filing with the SEC. Opus Investment Management Inc sold 5,000 shares as the company’s stock rose 10.92% while stock markets declined. The institutional investor held 67,400 shares of the semiconductors company at the end of 2018Q1, valued at $6.16 million, down from 72,400 at the end of the previous reported quarter. Opus Investment Management Inc who had been investing in Microchip Technology Inc. for a number of months, seems to be less bullish one the $24.11B market cap company. The stock increased 0.48% or $0.49 during the last trading session, reaching $102.57. About 1.39M shares traded. Microchip Technology Incorporated (NASDAQ:MCHP) has risen 17.17% since June 15, 2017 and is uptrending. It has outperformed by 4.60% the S&P500. Some Historical MCHP News: 08/05/2018 – Microchip qtrly revenue rises 11 pct; 08/05/2018 – MICROCHIP 4Q ADJ EPS CONT OPS $1.40, EST. $1.35; 21/05/2018 – MICROCHIP TECHNOLOGY SAYS INTENDS TO OFFER THROUGH PRIVATE PLACEMENT UP TO $2 BLN IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR SECURED NOTES – SEC FILING; 16/03/2018 – Microchip Technology CEO to Ring Nasdaq Closing Bell on March 19, 2018; 17/05/2018 – China Approves Toshiba Microchip Deal, Signaling Thaw With U.S; 23/04/2018 – Microchip Anticipates Merger Will Be Completed in June; 23/05/2018 – MICROCHIP TECHNOLOGY INC – CURRENTLY EXPECTS THAT MERGER WILL CLOSE ON MAY 29, 2018; 25/04/2018 – Pioneer Select Mid Cap Growth Adds Microchip, Cuts CoStar; 13/04/2018 – Microchip Technology Announces Receipt Of Antitrust Clearance In U.S. For Its Acquisition Of Microsemi; 21/05/2018 – MICROCHIP TECHNOLOGY INC – EXPECTED THAT WITH SUCH NET PROCEEDS TO BE RELEASED TO FINANCE CONSUMMATION OF ACQUISITION OF MICROSEMI CORPORATION

Trust Asset Management Llc, which manages about $633.33M and $250.79 million US Long portfolio, decreased its stake in Wells Fargo Advantage Income (EAD) by 723,624 shares to 695,805 shares, valued at $5.59 million in 2018Q1, according to the filing.

More notable recent Buckeye Partners, L.P. (NYSE:BPL) news were published by: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: Barrick Gold, Buckeye Partners, Interdigital, Penn Virginia, SeaWorld, Weight …” on June 12, 2018, also Seekingalpha.com with their article: “Buckeye buys out partner in terminal project, raises growth capex plan” published on May 23, 2018, Bizjournals.com published: “Exxon Mobil, Plains All American to create Permian pipeline JV” on June 13, 2018. More interesting news about Buckeye Partners, L.P. (NYSE:BPL) were released by: Fool.com and their article: “Why I Chose to Buy This High-Yield Dividend Stock” published on June 06, 2018 as well as Seekingalpha.com‘s news article titled: “Why Buckeye Partners’ Sales Growth Is Misleading” with publication date: June 06, 2018.

Among 18 analysts covering Buckeye Partners (NYSE:BPL), 3 have Buy rating, 1 Sell and 14 Hold. Therefore 17% are positive. Buckeye Partners had 63 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by UBS on Friday, March 2 with “Buy”. Stifel Nicolaus upgraded it to “Buy” rating and $74 target in Monday, May 8 report. Barclays Capital reinitiated the stock with “Equal Weight” rating in Tuesday, January 17 report. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Hold” rating by UBS on Tuesday, June 12. On Thursday, May 12 the stock rating was maintained by Barclays Capital with “Equalweight”. Barclays Capital maintained Buckeye Partners, L.P. (NYSE:BPL) on Monday, February 12 with “Equal-Weight” rating. JP Morgan maintained it with “Neutral” rating and $76 target in Tuesday, March 15 report. The firm earned “Buy” rating on Wednesday, October 26 by Stifel Nicolaus. Stifel Nicolaus maintained it with “Buy” rating and $6900 target in Sunday, August 6 report. The firm earned “Hold” rating on Wednesday, April 11 by Mizuho.

Investors sentiment increased to 0.79 in 2018 Q1. Its up 0.22, from 0.57 in 2017Q4. It increased, as 56 investors sold BPL shares while 70 reduced holdings. 24 funds opened positions while 76 raised stakes. 99.68 million shares or 1.01% more from 98.68 million shares in 2017Q4 were reported. 1.06 million were accumulated by Deutsche Retail Bank Ag. Natixis accumulated 10,000 shares or 0% of the stock. 6,077 were reported by Bb&T. Blackhill Capital Inc reported 22,959 shares stake. Destination Wealth Management accumulated 129 shares. 7,700 were reported by Paradigm Asset Co Limited Co. Ing Groep Nv holds 50,000 shares or 0.03% of its portfolio. Blackrock Inc has 0% invested in Buckeye Partners, L.P. (NYSE:BPL). City Holdg owns 800 shares. 514 are held by Of Vermont. Global X Mngmt Communication Llc holds 0.65% or 873,143 shares. Winslow Evans Crocker has invested 0% in Buckeye Partners, L.P. (NYSE:BPL). Virgin Islands – British-based Shanda Asset Mgmt Limited has invested 0.39% in Buckeye Partners, L.P. (NYSE:BPL). Parkside Bancshares & Tru invested in 19,628 shares or 0.28% of the stock. Qci Asset Mgmt Ny has 400 shares for 0% of their portfolio.

Since March 9, 2018, it had 1 buy, and 2 sales for $874,624 activity. McKinley Mark C. bought 1,000 shares worth $38,463. Sauger Joseph sold 11,013 shares worth $483,707.

Opus Investment Management Inc, which manages about $8.16B and $544.83M US Long portfolio, upped its stake in Nisource Inc. (NYSE:NI) by 72,000 shares to 106,795 shares, valued at $2.55 million in 2018Q1, according to the filing. It also increased its holding in Hasbro Inc. (NASDAQ:HAS) by 7,400 shares in the quarter, for a total of 25,900 shares, and has risen its stake in Us Bancorp (NYSE:USB).

Since February 22, 2018, it had 0 insider buys, and 13 selling transactions for $6.45 million activity. $324,093 worth of Microchip Technology Incorporated (NASDAQ:MCHP) shares were sold by SIMONCIC RICHARD J. Shares for $567,720 were sold by DAY L B. $1.91 million worth of Microchip Technology Incorporated (NASDAQ:MCHP) shares were sold by SANGHI STEVE. $474,590 worth of Microchip Technology Incorporated (NASDAQ:MCHP) was sold by MEYERCORD WADE F. 3,998 shares valued at $374,013 were sold by LITTLE MITCHELL R on Tuesday, May 22. The insider CHAPMAN MATTHEW W sold 6,000 shares worth $564,492.

More notable recent Microchip Technology Incorporated (NASDAQ:MCHP) news were published by: Marketwatch.com which released: “Charting the S&P 500’s bullish spike atop the 20-day volatility bands” on June 12, 2018, also Globenewswire.com with their article: “Microchip Technology Incorporated Prices $2.0 Billion Note Offering” published on May 24, 2018, Globenewswire.com published: “Microchip Technology Announces Completion of Microsemi Acquisition” on May 29, 2018. More interesting news about Microchip Technology Incorporated (NASDAQ:MCHP) were released by: Multichannel.com and their article: “Microsemi’s TimeProvider 4100 Enables Denmark’s Stofa to Launch First Trial of Remote PHY in Europe Based on …” published on June 13, 2018 as well as Nasdaq.com‘s news article titled: “Simplify the Development of Secure Connected Nodes Using Cryptography-Enabled Microcontroller with DICE …” with publication date: June 05, 2018.

Among 24 analysts covering Microchip Technology (NASDAQ:MCHP), 23 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Microchip Technology had 76 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Credit Suisse on Tuesday, November 7. The firm has “Buy” rating by Citigroup given on Tuesday, August 9. The company was upgraded on Tuesday, January 19 by Morgan Stanley. Morgan Stanley maintained it with “Equal-Weight” rating and $97 target in Wednesday, May 9 report. Mizuho maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Friday, June 1. Mizuho has “Buy” rating and $11000 target. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) has “Neutral” rating given on Friday, November 4 by Goldman Sachs. JP Morgan maintained the shares of MCHP in report on Tuesday, August 9 with “Overweight” rating. The company was maintained on Wednesday, February 8 by Mizuho. On Friday, March 9 the stock rating was maintained by SunTrust with “Buy”. Needham upgraded Microchip Technology Incorporated (NASDAQ:MCHP) on Friday, January 15 to “Buy” rating.

Analysts await Microchip Technology Incorporated (NASDAQ:MCHP) to report earnings on August, 2. They expect $1.39 EPS, up 11.20% or $0.14 from last year’s $1.25 per share. MCHP’s profit will be $326.70M for 18.45 P/E if the $1.39 EPS becomes a reality. After $1.33 actual EPS reported by Microchip Technology Incorporated for the previous quarter, Wall Street now forecasts 4.51% EPS growth.

Investors sentiment decreased to 0.81 in Q1 2018. Its down 0.19, from 1 in 2017Q4. It worsened, as 53 investors sold MCHP shares while 272 reduced holdings. 81 funds opened positions while 182 raised stakes. 248.38 million shares or 5.16% more from 236.19 million shares in 2017Q4 were reported. Meiji Yasuda Life Insurance Company holds 0.18% or 12,721 shares. Walleye Trading Lc owns 1,089 shares for 0% of their portfolio. Honeywell has 1.09% invested in Microchip Technology Incorporated (NASDAQ:MCHP). Stock Yards Bancorp And Trust holds 0.03% or 2,900 shares. Moreover, Driehaus Capital Mngmt Limited Liability Corporation has 0.01% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 4,169 shares. Miles Cap Inc holds 0.13% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP) for 2,537 shares. 284,459 are held by Gateway Investment Advisers Limited Liability Co. Moreover, Cipher Capital LP has 0.07% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 6,621 shares. Hanseatic Mngmt reported 1,265 shares stake. Archford Capital Strategies Limited Liability holds 0% or 60 shares in its portfolio. Zacks Management has 0.15% invested in Microchip Technology Incorporated (NASDAQ:MCHP). Asset Mgmt One holds 0.07% or 362,039 shares in its portfolio. Quantbot Technology LP reported 0.17% in Microchip Technology Incorporated (NASDAQ:MCHP). Panagora Asset Mgmt invested in 0.01% or 15,611 shares. Cullinan Inc reported 3,000 shares.

Microchip Technology Incorporated (NASDAQ:MCHP) Institutional Positions Chart

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