Schwartz Investment Counsel Has Lowered Microchip Technology (MCHP) Position; Profile of 6 Analysts Covering East West Bancorp, Inc. (EWBC)

September 17, 2017 - By Hazel Jackson

Schwartz Investment Counsel Inc decreased Microchip Technology Inc (MCHP) stake by 37.74% reported in 2016Q4 SEC filing. Schwartz Investment Counsel Inc sold 100,000 shares as Microchip Technology Inc (MCHP)’s stock rose 11.86%. The Schwartz Investment Counsel Inc holds 165,000 shares with $10.59M value, down from 265,000 last quarter. Microchip Technology Inc now has $20.86 billion valuation. The stock increased 0.43% or $0.38 on September 15, reaching $89.62. About 4.08 million shares traded or 111.40% up from the average. Microchip Technology Inc. (NASDAQ:MCHP) has risen 68.30% since September 17, 2016 and is uptrending. It has outperformed by 51.60% the S&P500.

Among 11 analysts covering East West Bancorp Inc. (NASDAQ:EWBC), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. East West Bancorp Inc. had 23 analyst reports since August 26, 2015 according to SRatingsIntel. On Thursday, March 16 the stock rating was downgraded by Raymond James to “Underperform”. Deutsche Bank maintained East West Bancorp, Inc. (NASDAQ:EWBC) on Wednesday, February 24 with “Buy” rating. The firm earned “Mkt Perform” rating on Monday, October 5 by Raymond James. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) has “Market Perform” rating given on Friday, July 7 by BMO Capital Markets. The rating was upgraded by BMO Capital Markets on Thursday, January 14 to “Outperform”. Keefe Bruyette & Woods maintained East West Bancorp, Inc. (NASDAQ:EWBC) rating on Monday, July 24. Keefe Bruyette & Woods has “Hold” rating and $5700 target. As per Friday, July 14, the company rating was downgraded by Deutsche Bank. The company was upgraded on Friday, July 22 by Macquarie Research. Piper Jaffray maintained East West Bancorp, Inc. (NASDAQ:EWBC) rating on Thursday, July 20. Piper Jaffray has “Buy” rating and $6800 target. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Friday, June 23 report. See East West Bancorp, Inc. (NASDAQ:EWBC) latest ratings:

24/07/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $57.0000 Maintain
20/07/2017 Broker: Piper Jaffray Rating: Buy New Target: $68.0000 Maintain
14/07/2017 Broker: Deutsche Bank Old Rating: Buy New Rating: Hold Downgrade
07/07/2017 Broker: BMO Capital Markets Old Rating: Outperform New Rating: Market Perform Downgrade
30/06/2017 Broker: SunTrust Rating: Buy
23/06/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $57.0000 Maintain
16/06/2017 Broker: Piper Jaffray Rating: Buy New Target: $68.0000
28/06/2017 Broker: Wedbush Rating: Outperform New Target: $68 Initiates Coverage On

East West Bancorp, Inc. is a bank holding company. The company has market cap of $8.09 billion. The Company’s principal business is to serve as a holding firm for East West Bank and other banking or banking-related subsidiaries. It has a 16.01 P/E ratio. The Bank is a California state-chartered bank, which operates in the United States and Greater China.

Since March 20, 2017, it had 0 insider purchases, and 5 sales for $4.12 million activity. NG DOMINIC also sold $1.34 million worth of East West Bancorp, Inc. (NASDAQ:EWBC) on Monday, April 10. Shares for $32,999 were sold by CAMPBELL MOLLY. 1,123 shares were sold by LIU JACK C, worth $66,257 on Tuesday, June 13.

The stock increased 0.94% or $0.52 on September 15, reaching $55.97. About 1.02 million shares traded or 71.63% up from the average. East West Bancorp, Inc. (NASDAQ:EWBC) has risen 46.25% since September 17, 2016 and is uptrending. It has outperformed by 29.55% the S&P500.

Investors sentiment increased to 1.38 in 2016 Q4. Its up 0.27, from 1.11 in 2016Q3. It improved, as 20 investors sold East West Bancorp, Inc. shares while 114 reduced holdings. 60 funds opened positions while 106 raised stakes. 119.97 million shares or 0.48% more from 119.39 million shares in 2016Q3 were reported. Verition Fund Mgmt Lc reported 15,430 shares or 0.07% of all its holdings. Bbr Ptnrs Ltd Company holds 4,643 shares. Schwab Charles Inv Mngmt invested 0.03% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Victory Capital Mgmt has invested 0% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Canada Pension Plan Invest Board accumulated 33,300 shares. Pnc Financial Service Grp Inc holds 17,924 shares. First Manhattan, a New York-based fund reported 1,000 shares. Tudor Et Al holds 0.02% or 18,358 shares. Connor Clark & Lunn Invest has 0.01% invested in East West Bancorp, Inc. (NASDAQ:EWBC) for 19,275 shares. Moreover, Portolan Cap Mngmt Ltd Liability Co has 0.97% invested in East West Bancorp, Inc. (NASDAQ:EWBC) for 141,904 shares. Bancshares Of New York Mellon stated it has 0.03% in East West Bancorp, Inc. (NASDAQ:EWBC). 5,197 were accumulated by Kcg Holding Incorporated. Comerica State Bank has 0.04% invested in East West Bancorp, Inc. (NASDAQ:EWBC) for 107,754 shares. Peak6 Ltd Partnership holds 1,206 shares. 7,931 were reported by Voloridge Management Ltd Llc.

Among 18 analysts covering Microchip Technology (NASDAQ:MCHP), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. Microchip Technology had 45 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Microchip Technology Inc. (NASDAQ:MCHP) earned “Buy” rating by B. Riley & Co on Tuesday, June 6. On Wednesday, September 6 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The rating was maintained by Jefferies with “Buy” on Thursday, August 3. The firm has “Buy” rating given on Tuesday, August 9 by Citigroup. The company was maintained on Tuesday, June 6 by Mizuho. The rating was downgraded by Drexel Hamilton to “Buy” on Monday, August 24. As per Friday, August 4, the company rating was maintained by Needham. The rating was initiated by Bank of America with “Neutral” on Monday, November 9. The company was maintained on Thursday, September 7 by Needham. The stock of Microchip Technology Inc. (NASDAQ:MCHP) has “Overweight” rating given on Tuesday, January 19 by Morgan Stanley.

Schwartz Investment Counsel Inc increased Coca Cola European Partners stake by 31,500 shares to 48,500 valued at $1.52 million in 2016Q4. It also upped Amgen Inc (NASDAQ:AMGN) stake by 44,000 shares and now owns 264,250 shares. V F Corp (NYSE:VFC) was raised too.

Investors sentiment decreased to 1 in 2016 Q4. Its down 0.11, from 1.11 in 2016Q3. It is negative, as 46 investors sold MCHP shares while 236 reduced holdings. 78 funds opened positions while 179 raised stakes. 208.48 million shares or 1.70% less from 212.08 million shares in 2016Q3 were reported. Naples Glob Lc has invested 0.68% in Microchip Technology Inc. (NASDAQ:MCHP). Moreover, Barrett Asset Mngmt Limited Com has 0% invested in Microchip Technology Inc. (NASDAQ:MCHP) for 275 shares. South State Corp reported 3,479 shares stake. Hanson Mcclain has 1 shares for 0% of their portfolio. Inv Mgmt Of Virginia Ltd holds 0.93% or 60,370 shares in its portfolio. 25,450 were reported by Torch Wealth Mgmt Ltd Llc. Nbt Fincl Bank N A holds 38,643 shares or 0.43% of its portfolio. Argent Tru holds 0.1% in Microchip Technology Inc. (NASDAQ:MCHP) or 5,352 shares. Michigan-based Connable Office Inc has invested 0.73% in Microchip Technology Inc. (NASDAQ:MCHP). Piedmont Investment Advsrs Lc owns 2,151 shares or 0% of their US portfolio. Bokf Na accumulated 133,063 shares. Nicholas Com Inc Wi owns 338,925 shares or 0.48% of their US portfolio. Commerce Bancorporation, a Missouri-based fund reported 63,350 shares. Axa has invested 0.1% in Microchip Technology Inc. (NASDAQ:MCHP). The Tennessee-based Delta Asset Management Tn has invested 0% in Microchip Technology Inc. (NASDAQ:MCHP).

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