Sprucegrove Investment Management LTD Has Increased Its T Rowe Price Grp (TROW) Holding; Microchip Technology (MCHP) Shorts Decreased By 0.62%

October 12, 2017 - By Maria Brooks

Microchip Technology Incorporated (NASDAQ:MCHP) had a decrease of 0.62% in short interest. MCHP’s SI was 26.45 million shares in October as released by FINRA. Its down 0.62% from 26.61M shares previously. With 1.49M avg volume, 18 days are for Microchip Technology Incorporated (NASDAQ:MCHP)’s short sellers to cover MCHP’s short positions. The SI to Microchip Technology Incorporated’s float is 12.51%. About 142,113 shares traded. Microchip Technology Inc. (NASDAQ:MCHP) has risen 68.30% since October 12, 2016 and is uptrending. It has outperformed by 51.60% the S&P500.

Sprucegrove Investment Management Ltd increased T Rowe Price Grp (TROW) stake by 19.5% reported in 2017Q2 SEC filing. Sprucegrove Investment Management Ltd acquired 37,200 shares as T Rowe Price Grp (TROW)’s stock declined 0.66%. The Sprucegrove Investment Management Ltd holds 228,000 shares with $16.92 million value, up from 190,800 last quarter. T Rowe Price Grp now has $22.48 billion valuation. The stock rose 0.73% or $0.68 reaching $93.53 per share. About 118,541 shares traded. T. Rowe Price Group Inc (NASDAQ:TROW) has declined 4.22% since October 12, 2016 and is downtrending. It has underperformed by 20.92% the S&P500.

Since May 22, 2017, it had 0 insider buys, and 4 selling transactions for $990,698 activity. 3,031 shares were sold by LITTLE MITCHELL R, worth $243,359 on Monday, May 22. Another trade for 2,510 shares valued at $201,528 was sold by Bjornholt James Eric. SIMONCIC RICHARD J had sold 2,824 shares worth $226,739. Shares for $319,072 were sold by DREHOBL STEPHEN V.

Among 19 analysts covering Microchip Technology (NASDAQ:MCHP), 16 have Buy rating, 0 Sell and 3 Hold. Therefore 84% are positive. Microchip Technology had 47 analyst reports since August 5, 2015 according to SRatingsIntel. As per Monday, June 12, the company rating was maintained by Needham. The firm has “Overweight” rating by JP Morgan given on Tuesday, September 8. Rosenblatt maintained it with “Buy” rating and $10200 target in Tuesday, June 6 report. The rating was maintained by B. Riley & Co with “Buy” on Friday, August 4. Needham upgraded Microchip Technology Inc. (NASDAQ:MCHP) on Monday, January 18 to “Buy” rating. The stock of Microchip Technology Inc. (NASDAQ:MCHP) has “Buy” rating given on Thursday, September 7 by Needham. Susquehanna maintained it with “Buy” rating and $9800 target in Tuesday, June 6 report. The stock has “Buy” rating by Jefferies on Wednesday, August 5. The stock of Microchip Technology Inc. (NASDAQ:MCHP) earned “Buy” rating by Needham on Tuesday, June 6. As per Monday, November 9, the company rating was initiated by Bank of America.

Investors sentiment decreased to 1 in Q2 2017. Its down 0.11, from 1.11 in 2017Q1. It worsened, as 38 investors sold Microchip Technology Inc. shares while 242 reduced holdings. 71 funds opened positions while 210 raised stakes. 235.26 million shares or 2.61% more from 229.26 million shares in 2017Q1 were reported. Mirador Cap Partners Lp stated it has 0.14% in Microchip Technology Inc. (NASDAQ:MCHP). World Asset Management has 0.06% invested in Microchip Technology Inc. (NASDAQ:MCHP). Eaton Vance Management has invested 0.15% in Microchip Technology Inc. (NASDAQ:MCHP). Everence Capital Management reported 0.13% stake. Greenleaf Tru reported 0.03% stake. First Midwest Natl Bank Tru Division reported 5,157 shares or 0.05% of all its holdings. Thompson Davis & Incorporated has invested 0.03% in Microchip Technology Inc. (NASDAQ:MCHP). Brown Brothers Harriman And has invested 0% in Microchip Technology Inc. (NASDAQ:MCHP). United Automobile Association has 778,911 shares. Kayne Anderson Rudnick Inv Ltd Llc stated it has 0.1% in Microchip Technology Inc. (NASDAQ:MCHP). Cleararc Cap accumulated 0.07% or 5,624 shares. Natixis Asset reported 22,175 shares. Coho Partners Limited invested in 3.24% or 1.68 million shares. Ruggie Cap Grp Inc accumulated 120 shares. Hartford Comm invested in 51,530 shares or 0.08% of the stock.

Microchip Technology Incorporated is engaged in developing, manufacturing and selling specialized semiconductor products used by its clients for a range of embedded control applications. The company has market cap of $21.42 billion. The Firm operates through two divisions: semiconductor products and technology licensing. It has a 48.88 P/E ratio. In the semiconductor products segment, the Company designs, develops, makes and markets microcontrollers, development tools and analog, interface, mixed signal and timing products.

Investors sentiment decreased to 0.93 in 2017 Q2. Its down 0.05, from 0.98 in 2017Q1. It dived, as 69 investors sold TROW shares while 238 reduced holdings. 66 funds opened positions while 219 raised stakes. 175.45 million shares or 5.53% more from 166.26 million shares in 2017Q1 were reported. Bamco Incorporated Ny has 276,362 shares for 0.1% of their portfolio. Thrivent Fincl For Lutherans holds 0% or 9,118 shares in its portfolio. Court Place Advsrs Lc stated it has 0.17% in T. Rowe Price Group Inc (NASDAQ:TROW). 26,235 are held by World Asset Mngmt. Howe Rusling reported 0% stake. Clarkston Capital Partners Limited Com reported 41,261 shares stake. Oregon Employees Retirement Fund has 58,342 shares. Webster Retail Bank N A has invested 0.01% of its portfolio in T. Rowe Price Group Inc (NASDAQ:TROW). Virtus Investment Advisers Inc invested 0.03% in T. Rowe Price Group Inc (NASDAQ:TROW). Ubs Asset Management Americas Incorporated reported 1.44 million shares stake. First Manhattan invested in 253 shares or 0% of the stock. Ameritas Invest Partners Incorporated, Nebraska-based fund reported 17,434 shares. Dnb Asset Mgmt As reported 81,901 shares stake. Massachusetts-based Fiduciary Trust Com has invested 0.02% in T. Rowe Price Group Inc (NASDAQ:TROW). Invesco Limited, Georgia-based fund reported 1.07 million shares.

Sprucegrove Investment Management Ltd decreased Samsung Electrs Ltd (SSNHZ) stake by 57,367 shares to 278,553 valued at $289.35M in 2017Q2. It also reduced Tiffany & Co (NYSE:TIF) stake by 38,700 shares and now owns 136,400 shares. Coca (NYSE:KO) was reduced too.

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