Strategy Asset Managers Has Decreased Its Microchip Technology (MCHP) Position; Systemax (SYX)’s Sentiment Is 1.61

November 15, 2017 - By Darrin Black

Systemax Inc. is a direct marketer of brand name and private label products. The company has market cap of $1000.00 million. The Company’s divisions are Industrial Products Group , EMEA Technology Products Group (EMEA), and Corporate and Other (Corporate). It has a 22.85 P/E ratio. The IPG segment sells an array of maintenance, repair and operational (MRO) products, which are marketed in North America.

Strategy Asset Managers Llc decreased Microchip Technology Inc (MCHP) stake by 9.4% reported in 2017Q2 SEC filing. Strategy Asset Managers Llc sold 19,102 shares as Microchip Technology Inc (MCHP)’s stock rose 11.86%. The Strategy Asset Managers Llc holds 184,072 shares with $14.21 million value, down from 203,174 last quarter. Microchip Technology Inc now has $20.90B valuation. The stock declined 1.32% or $1.2 reaching $89.81 per share. About 20,235 shares traded. Microchip Technology Inc. (NASDAQ:MCHP) has risen 68.30% since November 15, 2016 and is uptrending. It has outperformed by 51.60% the S&P500.

About 1,464 shares traded. Systemax Inc. (SYX) has risen 77.10% since November 15, 2016 and is uptrending. It has outperformed by 60.40% the S&P500.

Goodhaven Capital Management Llc holds 4.63% of its portfolio in Systemax Inc. for 493,191 shares. Weber Alan W owns 236,855 shares or 2.39% of their US portfolio. Moreover, Prescott General Partners Llc has 2.14% invested in the company for 2.12 million shares. The Florida-based Smith Thomas W has invested 1.27% in the stock. Perritt Capital Management Inc, a Illinois-based fund reported 214,700 shares.

Since May 22, 2017, it had 0 insider buys, and 4 insider sales for $990,698 activity. LITTLE MITCHELL R sold $243,359 worth of Microchip Technology Inc. (NASDAQ:MCHP) on Monday, May 22. DREHOBL STEPHEN V had sold 3,974 shares worth $319,072. 2,824 shares valued at $226,739 were sold by SIMONCIC RICHARD J on Monday, May 22. 2,510 shares were sold by Bjornholt James Eric, worth $201,528 on Monday, May 22.

Among 22 analysts covering Microchip Technology (NASDAQ:MCHP), 17 have Buy rating, 0 Sell and 5 Hold. Therefore 77% are positive. Microchip Technology had 57 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Microchip Technology Inc. (NASDAQ:MCHP) has “Buy” rating given on Tuesday, August 9 by Citigroup. The stock has “Buy” rating by Bank of America on Tuesday, November 8. The rating was maintained by Needham on Monday, June 12 with “Buy”. The firm has “Buy” rating given on Friday, August 4 by B. Riley & Co. The stock of Microchip Technology Inc. (NASDAQ:MCHP) has “Buy” rating given on Thursday, November 5 by B. Riley & Co. Needham upgraded the stock to “Buy” rating in Monday, January 18 report. The company was maintained on Tuesday, June 6 by Rosenblatt. On Tuesday, June 6 the stock rating was maintained by B. Riley & Co with “Buy”. As per Tuesday, November 7, the company rating was maintained by Stifel Nicolaus. The stock has “Overweight” rating by Morgan Stanley on Tuesday, January 19.

Strategy Asset Managers Llc increased Spdr Series Trust (ITR) stake by 15,176 shares to 107,697 valued at $3.71 million in 2017Q2. It also upped Exxon Mobil Corp (NYSE:XOM) stake by 6,888 shares and now owns 35,084 shares. Eaton Corp Plc (NYSE:ETN) was raised too.

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