Bank Of The West Holds Position in Microchip Technology (MCHP); Sanderson Farms (SAFM) Shareholder Evanston Investments Dba Evanston Advisors Has Cut Its Position

February 24, 2018 - By Migdalia James

Bank Of The West increased its stake in Microchip Technology Inc (MCHP) by 25.96% based on its latest 2017Q3 regulatory filing with the SEC. Bank Of The West bought 9,746 shares as the company’s stock rose 11.86% with the market. The institutional investor held 47,288 shares of the semiconductors company at the end of 2017Q3, valued at $4.25M, up from 37,542 at the end of the previous reported quarter. Bank Of The West who had been investing in Microchip Technology Inc for a number of months, seems to be bullish on the $19.96B market cap company. The stock increased 1.48% or $1.24 during the last trading session, reaching $85.16. About 2.06 million shares traded. Microchip Technology Incorporated (NASDAQ:MCHP) has risen 68.30% since February 24, 2017 and is uptrending. It has outperformed by 51.60% the S&P500.

Evanston Investments Inc Dba Evanston Advisors decreased its stake in Sanderson Farms Inc (SAFM) by 10.26% based on its latest 2017Q3 regulatory filing with the SEC. Evanston Investments Inc Dba Evanston Advisors sold 3,106 shares as the company’s stock rose 21.33% with the market. The institutional investor held 27,174 shares of the consumer non-durables company at the end of 2017Q3, valued at $4.39 million, down from 30,280 at the end of the previous reported quarter. Evanston Investments Inc Dba Evanston Advisors who had been investing in Sanderson Farms Inc for a number of months, seems to be less bullish one the $2.74 billion market cap company. The stock decreased 0.68% or $0.82 during the last trading session, reaching $119.92. About 1.03M shares traded or 79.12% up from the average. Sanderson Farms, Inc. (NASDAQ:SAFM) has risen 33.01% since February 24, 2017 and is uptrending. It has outperformed by 16.31% the S&P500.




Evanston Investments Inc Dba Evanston Advisors, which manages about $372.58M and $415.80 million US Long portfolio, upped its stake in Kroger Co (NYSE:KR) by 33,995 shares to 289,607 shares, valued at $5.81M in 2017Q3, according to the filing. It also increased its holding in Mylan N V (NASDAQ:MYL) by 18,431 shares in the quarter, for a total of 217,186 shares, and has risen its stake in Chicago Bridge & Iron Co N V (NYSE:CBI).

Investors sentiment decreased to 0.87 in Q3 2017. Its down 0.07, from 0.94 in 2017Q2. It worsened, as 45 investors sold SAFM shares while 98 reduced holdings. 62 funds opened positions while 63 raised stakes. 21.94 million shares or 0.56% less from 22.07 million shares in 2017Q2 were reported. Public Employees Retirement Of Ohio owns 21,649 shares. Corecommodity Limited Liability Corp owns 38,140 shares for 5.83% of their portfolio. Blackrock invested in 2.09 million shares or 0.02% of the stock. California Pub Employees Retirement System holds 51,345 shares. Parametric Port Associates Limited Co has invested 0.02% in Sanderson Farms, Inc. (NASDAQ:SAFM). Zacks Investment Management has invested 0.03% in Sanderson Farms, Inc. (NASDAQ:SAFM). Numeric Invsts Ltd Liability Co stated it has 0.61% in Sanderson Farms, Inc. (NASDAQ:SAFM). Nationwide Fund stated it has 53,064 shares. Baring Asset Mgmt Limited has 0.04% invested in Sanderson Farms, Inc. (NASDAQ:SAFM) for 4,378 shares. Apg Asset Mngmt Nv reported 176,000 shares. Winfield Associate Inc holds 17 shares or 0% of its portfolio. Invesco Ltd stated it has 0.02% of its portfolio in Sanderson Farms, Inc. (NASDAQ:SAFM). Moreover, Credit Suisse Ag has 0.01% invested in Sanderson Farms, Inc. (NASDAQ:SAFM) for 63,061 shares. Fincl Bank Of Ny Mellon has invested 0.01% in Sanderson Farms, Inc. (NASDAQ:SAFM). Victory Mgmt invested 0.08% in Sanderson Farms, Inc. (NASDAQ:SAFM).

Since August 25, 2017, it had 0 insider purchases, and 3 insider sales for $883,679 activity. On Friday, August 25 the insider Bierbusse John sold $86,269. On Tuesday, August 29 KHAYAT ROBERT C sold $252,593 worth of Sanderson Farms, Inc. (NASDAQ:SAFM) or 1,775 shares. On Wednesday, August 30 the insider MOONEY DIANNE sold $198,771. $123,714 worth of stock was sold by LIVINGSTON PHIL K on Friday, August 25.

Among 15 analysts covering Sanderson Farms Inc. (NASDAQ:SAFM), 5 have Buy rating, 4 Sell and 6 Hold. Therefore 33% are positive. Sanderson Farms Inc. had 37 analyst reports since August 26, 2015 according to SRatingsIntel. The stock of Sanderson Farms, Inc. (NASDAQ:SAFM) earned “Outperform” rating by Credit Agricole on Thursday, December 3. On Friday, October 6 the stock rating was downgraded by JP Morgan to “Underweight”. The stock has “Hold” rating by Mizuho on Monday, October 16. DA Davidson upgraded Sanderson Farms, Inc. (NASDAQ:SAFM) rating on Monday, December 5. DA Davidson has “Buy” rating and $98 target. On Thursday, October 12 the stock rating was maintained by BMO Capital Markets with “Hold”. Jefferies maintained Sanderson Farms, Inc. (NASDAQ:SAFM) rating on Friday, June 9. Jefferies has “Sell” rating and $8500 target. The firm has “Hold” rating by BMO Capital Markets given on Thursday, February 15. On Friday, August 11 the stock rating was maintained by BMO Capital Markets with “Hold”. The stock of Sanderson Farms, Inc. (NASDAQ:SAFM) has “Equal-Weight” rating given on Monday, June 12 by KeyBanc Capital Markets. The stock of Sanderson Farms, Inc. (NASDAQ:SAFM) earned “Market Perform” rating by BMO Capital Markets on Friday, February 23.

Since February 22, 2018, it had 0 insider buys, and 4 sales for $1.31 million activity. LITTLE MITCHELL R also sold $349,938 worth of Microchip Technology Incorporated (NASDAQ:MCHP) on Thursday, February 22. $324,093 worth of Microchip Technology Incorporated (NASDAQ:MCHP) was sold by SIMONCIC RICHARD J. On Thursday, February 22 DREHOBL STEPHEN V sold $453,935 worth of Microchip Technology Incorporated (NASDAQ:MCHP) or 5,395 shares.

Bank Of The West, which manages about $793.52M US Long portfolio, decreased its stake in Schwab Strategic Tr (SCHF) by 10,824 shares to 378,357 shares, valued at $12.66M in 2017Q3, according to the filing. It also reduced its holding in Ishares Tr (EEM) by 9,995 shares in the quarter, leaving it with 268,846 shares, and cut its stake in Ishares Tr (FLOT).

Among 23 analysts covering Microchip Technology (NASDAQ:MCHP), 18 have Buy rating, 0 Sell and 5 Hold. Therefore 78% are positive. Microchip Technology had 63 analyst reports since August 5, 2015 according to SRatingsIntel. Summit Redstone Partners upgraded the shares of MCHP in report on Tuesday, April 4 to “Buy” rating. Mizuho maintained it with “Neutral” rating and $72 target in Wednesday, February 8 report. The rating was maintained by Rosenblatt with “Buy” on Tuesday, June 6. The rating was maintained by Goldman Sachs on Tuesday, April 5 with “Sell”. Drexel Hamilton downgraded the stock to “Buy” rating in Monday, August 24 report. The firm earned “Buy” rating on Tuesday, May 17 by CLSA. The company was maintained on Thursday, September 7 by Needham. The firm earned “Buy” rating on Thursday, November 5 by B. Riley & Co. The rating was maintained by KeyBanc Capital Markets with “Hold” on Wednesday, February 7. As per Tuesday, November 8, the company rating was maintained by Needham.

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.15, from 1 in 2017Q2. It is positive, as 25 investors sold MCHP shares while 231 reduced holdings. 72 funds opened positions while 223 raised stakes. 239.62 million shares or 1.85% more from 235.26 million shares in 2017Q2 were reported. Shell Asset Mngmt holds 32,776 shares. First Midwest Retail Bank Division owns 5,185 shares. Royal Retail Bank Of Canada accumulated 0.07% or 1.70M shares. Raymond James Trust Na reported 17,930 shares. Colony Gru Ltd Liability Com invested 0.02% in Microchip Technology Incorporated (NASDAQ:MCHP). Timessquare Cap Management Ltd Company holds 0.48% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP) for 805,300 shares. Wespac Advisors Limited Co reported 0.52% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). Deutsche Bank & Trust Ag owns 3.49M shares or 0.21% of their US portfolio. British Columbia Investment Mngmt Corp invested in 130,249 shares. Mastrapasqua Asset Mngmt has invested 2.71% in Microchip Technology Incorporated (NASDAQ:MCHP). 207,000 are owned by Employees Retirement System Of Texas. Westfield Capital Management Company Limited Partnership reported 0.15% stake. Virtu Financial Limited Liability Com invested 0% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). Muhlenkamp & Inc accumulated 98,815 shares. Advisory holds 0.01% or 7,211 shares in its portfolio.

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