Microchip Technology (MCHP) Shareholder Northwest Investment Counselors Cut Its Position by $1.57 Million; Cbs New (CBS) Shareholder Stelliam Investment Management LP Upped Its Holding by $2.18 Million as Stock Price Declined

February 24, 2018 - By wolcottdaily

Ross Margolies increased its stake in Cbs Corp New (CBS) by 1.9% based on its latest 2017Q3 regulatory filing with the SEC. Stelliam Investment Management Lp bought 37,500 shares as the company’s stock declined 6.13% while stock markets rallied. The hedge fund run by Ross Margolies held 2.01 million shares of the broadcasting company at the end of 2017Q3, valued at $116.58M, up from 1.97M at the end of the previous reported quarter. Stelliam Investment Management Lp who had been investing in Cbs Corp New for a number of months, seems to be bullish on the $21.09 billion market cap company. The stock increased 1.47% or $0.8 during the last trading session, reaching $55.12. About 2.86 million shares traded. CBS Corporation (NYSE:CBS) has risen 18.35% since February 24, 2017 and is uptrending. It has outperformed by 1.65% the S&P500.

Northwest Investment Counselors Llc decreased its stake in Microchip Technology Inc (MCHP) by 66.46% based on its latest 2017Q3 regulatory filing with the SEC. Northwest Investment Counselors Llc sold 17,597 shares as the company’s stock rose 11.86% with the market. The institutional investor held 8,879 shares of the semiconductors company at the end of 2017Q3, valued at $797,000, down from 26,476 at the end of the previous reported quarter. Northwest Investment Counselors Llc who had been investing in Microchip Technology Inc for a number of months, seems to be less bullish one the $19.96B market cap company. The stock increased 1.48% or $1.24 during the last trading session, reaching $85.16. About 2.06M 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.

Among 36 analysts covering CBS Corp (NYSE:CBS), 27 have Buy rating, 0 Sell and 9 Hold. Therefore 75% are positive. CBS Corp had 112 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, October 4 by Citigroup. The firm has “Buy” rating given on Thursday, January 4 by Jefferies. The rating was maintained by Barclays Capital on Friday, August 14 with “Equal-Weight”. The firm has “Buy” rating given on Friday, February 16 by RBC Capital Markets. Stifel Nicolaus maintained the shares of CBS in report on Wednesday, March 16 with “Buy” rating. The stock of CBS Corporation (NYSE:CBS) has “Outperform” rating given on Friday, February 12 by Wedbush. The stock of CBS Corporation (NYSE:CBS) has “Buy” rating given on Thursday, January 4 by Wells Fargo. The firm has “Buy” rating by RBC Capital Markets given on Friday, July 7. The stock has “Sector Weight” rating by Pacific Crest on Friday, October 9. Cowen & Co maintained CBS Corporation (NYSE:CBS) rating on Friday, October 27. Cowen & Co has “Buy” rating and $69.0 target.

Since September 11, 2017, it had 0 insider purchases, and 12 sales for $78.30 million activity. Shares for $14.12 million were sold by Ianniello Joseph R. 54,131 CBS Corporation (NYSE:CBS) shares with value of $3.16 million were sold by Schwartz Gil D.

Stelliam Investment Management Lp, which manages about $3.51 billion and $3.28B US Long portfolio, decreased its stake in Gogo Inc (NASDAQ:GOGO) by 100,000 shares to 8.49M shares, valued at $100.27 million in 2017Q3, according to the filing. It also reduced its holding in Eog Res Inc (NYSE:EOG) by 5,000 shares in the quarter, leaving it with 485,000 shares, and cut its stake in Zynga Inc (NASDAQ:ZNGA).

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.23, from 0.8 in 2017Q2. It is positive, as 53 investors sold CBS shares while 225 reduced holdings. 80 funds opened positions while 206 raised stakes. 225.71 million shares or 1.68% less from 229.56 million shares in 2017Q2 were reported. Citigroup reported 5 shares stake. Focused Investors Ltd Limited Liability Company holds 4% or 1.62M shares in its portfolio. Moreover, Atlantic Trust Group Ltd Liability Corp has 0% invested in CBS Corporation (NYSE:CBS) for 7,676 shares. Bedell Frazier Invest Counseling Ltd Llc owns 94,340 shares. Ameritas Inv Partners holds 0.03% in CBS Corporation (NYSE:CBS) or 8,308 shares. State Of Wisconsin Invest Board holds 0.1% of its portfolio in CBS Corporation (NYSE:CBS) for 598,286 shares. Ibm Retirement Fund stated it has 9,002 shares. Mcrae Capital stated it has 2.96% of its portfolio in CBS Corporation (NYSE:CBS). 274 were reported by Loring Wolcott Coolidge Fiduciary Llp Ma. Nomura accumulated 0.01% or 59,298 shares. Aqr Capital Mngmt Limited Liability Company holds 53,761 shares. Moreover, Gfs Ltd Limited Liability Company has 0.18% invested in CBS Corporation (NYSE:CBS) for 13,540 shares. California-based World has invested 0.4% in CBS Corporation (NYSE:CBS). Fjarde Ap reported 89,184 shares. Segall Bryant Hamill Ltd Liability Corp holds 0.32% or 240,006 shares in its portfolio.

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.15, from 1 in 2017Q2. It increased, 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. Stock Yards Bancshares & Tru Co has 0.03% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 2,900 shares. Clark Cap Management Group Inc accumulated 0.89% or 295,616 shares. Geode Capital Mngmt Limited Liability Company, a Massachusetts-based fund reported 2.48M shares. Kames Capital Public Ltd Co owns 14,693 shares. Cwm Lc has 0% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 362 shares. Lombard Odier Asset Mgmt (Europe) Limited accumulated 0.02% or 3,009 shares. Rnc Capital Mngmt Ltd Liability Corp reported 19,412 shares. Shine Invest Advisory Svcs accumulated 0.01% or 275 shares. Hightower Lc owns 39,896 shares. Moors And Cabot accumulated 0.12% or 9,403 shares. Segall Bryant Hamill Limited Liability Co invested in 1.33% or 637,815 shares. New Mexico Educational Retirement Board reported 20,800 shares. Whittier Company Of Nevada accumulated 9,197 shares. Tarbox Family Office Incorporated reported 0% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). Fiduciary Tru has 22,869 shares.

Analysts await Microchip Technology Incorporated (NASDAQ:MCHP) to report earnings on May, 8. They expect $1.27 earnings per share, up 15.45% or $0.17 from last year’s $1.1 per share. MCHP’s profit will be $297.62 million for 16.76 P/E if the $1.27 EPS becomes a reality. After $1.30 actual earnings per share reported by Microchip Technology Incorporated for the previous quarter, Wall Street now forecasts -2.31% negative EPS growth.

Since February 22, 2018, it had 0 buys, and 4 selling transactions for $1.31 million activity. Bjornholt James Eric sold $177,536 worth of stock or 2,109 shares. $324,093 worth of Microchip Technology Incorporated (NASDAQ:MCHP) was sold by SIMONCIC RICHARD J on Thursday, February 22. DREHOBL STEPHEN V also sold $453,935 worth of Microchip Technology Incorporated (NASDAQ:MCHP) on Thursday, February 22.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 wolcottdaily

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:








Recent Posts