Microchip Technology (MCHP) Shareholder Shaker Investments Cut Its Position; Bhp Billiton LTD (BHP) Valuation Declined While Autus Asset Management Lifted by $616,500 Its Stake

May 21, 2018 - By Marguerite Chambers

BHP Billiton Limited (NYSE:BHP) Logo

Shaker Investments Llc decreased its stake in Microchip Technology Inc (MCHP) by 16.51% based on its latest 2017Q4 regulatory filing with the SEC. Shaker Investments Llc sold 4,574 shares as the company’s stock rose 6.16% while stock markets declined. The institutional investor held 23,127 shares of the semiconductors company at the end of 2017Q4, valued at $2.03 million, down from 27,701 at the end of the previous reported quarter. Shaker Investments Llc who had been investing in Microchip Technology Inc for a number of months, seems to be less bullish one the $22.15B market cap company. The stock increased 1.54% or $1.43 during the last trading session, reaching $94.23. About 230,327 shares traded. Microchip Technology Incorporated (NASDAQ:MCHP) has risen 29.63% since May 21, 2017 and is uptrending. It has outperformed by 18.08% the S&P500.

Autus Asset Management Llc increased its stake in Bhp Billiton Ltd (BHP) by 15.91% based on its latest 2017Q4 regulatory filing with the SEC. Autus Asset Management Llc bought 13,700 shares as the company’s stock declined 2.00% with the market. The institutional investor held 99,809 shares of the precious metals company at the end of 2017Q4, valued at $4.59 million, up from 86,109 at the end of the previous reported quarter. Autus Asset Management Llc who had been investing in Bhp Billiton Ltd for a number of months, seems to be bullish on the $138.33B market cap company. The stock increased 1.26% or $0.64 during the last trading session, reaching $51.45. About 570,702 shares traded. BHP Billiton Limited (NYSE:BHP) has risen 23.08% since May 21, 2017 and is uptrending. It has outperformed by 11.53% the S&P500.

Autus Asset Management Llc, which manages about $447.84 million and $548.20 million US Long portfolio, decreased its stake in Intuitive Surgical Inc (NASDAQ:ISRG) by 1,112 shares to 23,098 shares, valued at $8.43 million in 2017Q4, according to the filing. It also reduced its holding in Hormel Foods Corp (NYSE:HRL) by 13,053 shares in the quarter, leaving it with 112,007 shares, and cut its stake in Stericycle Inc (NASDAQ:SRCL).

Among 26 analysts covering BHP Billiton Limited (ADR) (NYSE:BHP), 11 have Buy rating, 3 Sell and 12 Hold. Therefore 42% are positive. BHP Billiton Limited (ADR) had 63 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was upgraded by Macquarie Research on Tuesday, September 20 to “Outperform”. The company was upgraded on Wednesday, July 5 by Bernstein. The stock of BHP Billiton Limited (NYSE:BHP) has “Hold” rating given on Thursday, November 10 by HSBC. The company was maintained on Thursday, October 29 by Cowen & Co. The stock of BHP Billiton Limited (NYSE:BHP) has “Buy” rating given on Wednesday, January 13 by Citigroup. The firm has “Hold” rating given on Friday, October 2 by Societe Generale. As per Thursday, August 27, the company rating was upgraded by BNP Paribas. The firm has “Overweight” rating given on Wednesday, July 22 by Barclays Capital. The rating was maintained by Cowen & Co with “Hold” on Friday, March 23. The firm earned “Sector Perform” rating on Wednesday, April 4 by RBC Capital Markets.

More notable recent BHP Billiton Limited (NYSE:BHP) news were published by: Investingnews.com which released: “BHP: Premium Iron Ore Miners Set to Gain From China Reforms” on May 07, 2018, also Mining.com with their article: “BHP faces shareholder class action over Brazil mine disaster” published on May 16, 2018, Seekingalpha.com published: “BHP outlines plan to add 40% to its value via six strategies” on May 16, 2018. More interesting news about BHP Billiton Limited (NYSE:BHP) were released by: Seekingalpha.com and their article: “Mining sector’s next growth phase to come from M&A, Jefferies says” published on May 18, 2018 as well as Seekingalpha.com‘s news article titled: “BHP, Rio Tinto run higher as iron ore prices rise” with publication date: May 14, 2018.

Analysts await Microchip Technology Incorporated (NASDAQ:MCHP) to report earnings on August, 2. They expect $1.36 EPS, up 8.80% or $0.11 from last year’s $1.25 per share. MCHP’s profit will be $319.66 million for 17.32 P/E if the $1.36 EPS becomes a reality. After $1.33 actual EPS reported by Microchip Technology Incorporated for the previous quarter, Wall Street now forecasts 2.26% EPS growth.

More notable recent Microchip Technology Incorporated (NASDAQ:MCHP) news were published by: Globenewswire.com which released: “Registration Now Open for Microchip’s 22nd Annual Worldwide MASTERs Conference” on April 23, 2018, also Streetinsider.com with their article: “Microchip Technology (MCHP) Granted China Antitrust Clearance for Microsemi (MSCC) Acquisition” published on May 15, 2018, Seekingalpha.com published: “Beijing Approves Microchip Deal, Boding Well For Qualcomm-NXP” on May 17, 2018. More interesting news about Microchip Technology Incorporated (NASDAQ:MCHP) were released by: Nasdaq.com and their article: “Easily Implement Low-power Touch Pads with Surface Gestures Using Microchip’s New Software Library” published on May 21, 2018 as well as Streetinsider.com‘s news article titled: “Microchip Technology (MCHP) Can’t Confirm Report on China Ok for Microsemi (MSCC) Deal, Review Process is …” with publication date: May 07, 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 71 analyst reports since August 5, 2015 according to SRatingsIntel. Needham maintained Microchip Technology Incorporated (NASDAQ:MCHP) on Thursday, September 7 with “Buy” rating. The stock has “Neutral” rating by Bank of America on Monday, November 9. The firm earned “Strong Buy” rating on Wednesday, February 8 by Needham. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) has “Outperform” rating given on Tuesday, November 7 by Credit Suisse. The firm has “Buy” rating given on Tuesday, November 8 by Bank of America. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, November 30 report. The stock has “Buy” rating by Summit Redstone Partners on Tuesday, April 4. On Wednesday, November 1 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. SunTrust maintained the shares of MCHP in report on Thursday, March 1 with “Hold” rating. The company was maintained on Tuesday, November 7 by Susquehanna.

Shaker Investments Llc, which manages about $129.10M and $151.00M US Long portfolio, upped its stake in Patrick Inds Inc (NASDAQ:PATK) by 9,620 shares to 28,860 shares, valued at $2.00M in 2017Q4, according to the filing. It also increased its holding in Amazon Com Inc (NASDAQ:AMZN) by 265 shares in the quarter, for a total of 525 shares, and has risen its stake in Abiomed Inc (NASDAQ:ABMD).

Investors sentiment decreased to 1 in Q4 2017. Its down 0.15, from 1.15 in 2017Q3. It turned negative, as 44 investors sold MCHP shares while 235 reduced holdings. 73 funds opened positions while 207 raised stakes. 236.19 million shares or 1.43% less from 239.62 million shares in 2017Q3 were reported. Amica Pension Fund Board Of Trustees owns 0.09% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 8,832 shares. Daiwa Secs Group accumulated 119,614 shares. Seaward Mgmt Ltd Partnership holds 0.03% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP) for 6,315 shares. Caisse De Depot Et Placement Du Quebec holds 0.01% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP) for 45,900 shares. Naples Global Advsrs Ltd Company invested 0.69% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). Goldman Sachs Gp has invested 0.03% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). Ngam Advsrs Limited Partnership holds 0.03% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP) for 36,920 shares. 333,057 are held by Castleark Ltd Liability Co. Jnba Advsr owns 0% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 85 shares. Capital One National Association, New York-based fund reported 59,776 shares. Employees Retirement Of Texas holds 172,000 shares or 0.19% of its portfolio. Invest Of Virginia Lc owns 0.93% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 44,398 shares. 321,108 are held by Gateway Advisers Limited Com. Mackenzie Fin has invested 0.1% in Microchip Technology Incorporated (NASDAQ:MCHP). Moreover, Parsec Fincl Mngmt has 0.01% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 2,277 shares.

Since February 22, 2018, it had 0 insider purchases, and 9 insider sales for $5.04 million activity. 3,850 shares were sold by SIMONCIC RICHARD J, worth $324,093. Another trade for 20,124 shares valued at $1.91 million was made by SANGHI STEVE on Tuesday, March 6. On Thursday, February 22 DREHOBL STEPHEN V sold $453,935 worth of Microchip Technology Incorporated (NASDAQ:MCHP) or 5,395 shares. On Wednesday, March 7 DAY L B sold $567,720 worth of Microchip Technology Incorporated (NASDAQ:MCHP) or 6,000 shares. The insider LITTLE MITCHELL R sold 4,159 shares worth $349,938. The insider Johnson Esther sold $222,732.

Microchip Technology Incorporated (NASDAQ:MCHP) Institutional Positions Chart

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