Microchip Technology (MCHP) Holder Roystone Capital Management LP Increased Holding; Hbk Sorce Advisory Has Cut Constellation Brands (STZ) Stake as Valuation Declined

September 14, 2018 - By Mark Williams

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Hbk Sorce Advisory Llc decreased its stake in Constellation Brands Inc (STZ) by 32.85% based on its latest 2018Q2 regulatory filing with the SEC. Hbk Sorce Advisory Llc sold 16,922 shares as the company’s stock declined 5.78% while stock markets rallied. The institutional investor held 34,587 shares of the beverages (production and distribution) company at the end of 2018Q2, valued at $7.57 million, down from 51,509 at the end of the previous reported quarter. Hbk Sorce Advisory Llc who had been investing in Constellation Brands Inc for a number of months, seems to be less bullish one the $40.43 billion market cap company. The stock decreased 1.69% or $3.63 during the last trading session, reaching $211.2. About 886,984 shares traded. Constellation Brands, Inc. (NYSE:STZ) has risen 5.56% since September 14, 2017 and is uptrending. It has underperformed by 10.06% the S&P500. Some Historical STZ News: 11/05/2018 – Fitch Downgrades QGOG Constellation’s Ratings to ‘C’; 17/05/2018 – FT Alphaville – Blog: Criminal charges filed against former Constellation Health execs; 30/05/2018 – Constellation, GE Team with The Home Depot to Install Largest Rooftop Solar Array in Washington, D.C; 29/03/2018 – Constellation Brands 4Q EPS $4.64; 29/03/2018 – Corona maker Constellation Brands’s quarterly sales top estimates; 29/03/2018 – STZ CEO: CORONA EXTRA AND FAMILIAL BOOSTED RESULTS; 27/03/2018 – NVIDIA Introduces DRIVE Constellation Simulation System to Safely Drive Autonomous Vehicles Billions of Miles in Virtual Reali; 15/03/2018 – 2Checkout Named to Constellation ShortLists™ for Digital Monetization and Campaign to Commerce; 29/03/2018 – Constellation Brands Continues to Be Powered By Mexican Imports — Earnings Review; 30/05/2018 – Constellation Names Chicago Charities to Receive Donations as Part of 2018 Constellation SENIOR PLAYERS Championship

Roystone Capital Management Lp increased its stake in Microchip Technology Inc (MCHP) by 106.53% based on its latest 2018Q2 regulatory filing with the SEC. Roystone Capital Management Lp bought 76,700 shares as the company’s stock declined 18.23% while stock markets rallied. The hedge fund held 148,700 shares of the semiconductors company at the end of 2018Q2, valued at $13.52 million, up from 72,000 at the end of the previous reported quarter. Roystone Capital Management Lp who had been investing in Microchip Technology Inc for a number of months, seems to be bullish on the $19.69 billion market cap company. The stock decreased 0.21% or $0.18 during the last trading session, reaching $83.59. About 1.46M shares traded. Microchip Technology Incorporated (NASDAQ:MCHP) has declined 5.63% since September 14, 2017 and is downtrending. It has underperformed by 21.25% the S&P500. Some Historical MCHP News: 18/05/2018 – MICROCHIP RESTATED PACT PROVIDES FOR LOAN FACILITY $3.8B; 08/05/2018 – Microchip Tech 4Q Cash Flow From Operations $359.6M; 08/05/2018 – Microchip Tech 4Q Adj EPS $1.40; 23/04/2018 – MICROCHIP SAYS MICROSEMI APP ACCEPTED FOR REVIEW BY MOFCOM; 29/05/2018 – Microchip Technology Announces Completion of Microsemi Acquisition; 23/04/2018 – Microchip Anticipates Merger Will Be Completed in June; 22/04/2018 – DJ Microchip Technology Incorporated, Inst Holders, 1Q 2018 (MCHP); 23/04/2018 – MICROCHIP TECHNOLOGY REPORTS MOFCOM REVIEW OF PURCHASE OF MICRO; 12/03/2018 – Zecotek Introduces Innovative Wireless ASIC Microchip For Positron Emission Tomography Medical Imaging; 23/05/2018 – MICROCHIP TECHNOLOGY INC MCHP.O – PRICING OF TWO SERIES OF ITS NOTES IN AN AGGREGATE PRINCIPAL AMOUNT OF $2.0 BLN IN AN UNREGISTERED OFFERING

Since March 14, 2018, it had 0 insider buys, and 8 sales for $2.43 million activity. $222,732 worth of Microchip Technology Incorporated (NASDAQ:MCHP) shares were sold by Johnson Esther. Bjornholt James Eric also sold $215,913 worth of Microchip Technology Incorporated (NASDAQ:MCHP) on Tuesday, May 22. LITTLE MITCHELL R sold 3,196 shares worth $269,519. Shares for $337,151 were sold by DREHOBL STEPHEN V.

Among 25 analysts covering Microchip Technology (NASDAQ:MCHP), 24 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Microchip Technology had 81 analyst reports since August 5, 2015 according to SRatingsIntel. JP Morgan maintained it with “Overweight” rating and $68 target in Tuesday, August 9 report. The stock has “Buy” rating by Susquehanna on Tuesday, November 7. On Thursday, March 1 the stock rating was maintained by SunTrust with “Hold”. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, June 6. Mizuho upgraded the stock to “Buy” rating in Monday, March 5 report. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, November 1. Mizuho maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Wednesday, February 8. Mizuho has “Neutral” rating and $72 target. The firm earned “Buy” rating on Tuesday, November 7 by B. Riley & Co. The rating was maintained by Bank of America on Wednesday, February 7 with “Buy”. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) has “Buy” rating given on Tuesday, April 4 by Summit Redstone Partners.

Roystone Capital Management Lp, which manages about $1.66B and $1.15B US Long portfolio, decreased its stake in Comcast Corp New (NASDAQ:CMCSA) by 97,361 shares to 597,139 shares, valued at $19.59M in 2018Q2, according to the filing. It also reduced its holding in Facebook Inc (NASDAQ:FB) by 68,300 shares in the quarter, leaving it with 80,700 shares, and cut its stake in Ulta Beauty Inc (NASDAQ:ULTA).

More news for Microchip Technology Incorporated (NASDAQ:MCHP) were recently published by: Seekingalpha.com, which released: “Microchip: An Undervalued Stock Offering Low Uncertainty” on September 07, 2018. Fool.com‘s article titled: “Should You Buy the Dip on Microchip Technology?” and published on September 01, 2018 is yet another important article.

Investors sentiment increased to 1.1 in 2018 Q2. Its up 0.29, from 0.81 in 2018Q1. It improved, as 32 investors sold MCHP shares while 236 reduced holdings. 67 funds opened positions while 228 raised stakes. 244.93 million shares or 1.39% less from 248.38 million shares in 2018Q1 were reported. Cipher Cap Ltd Partnership stated it has 36,771 shares or 0.69% of all its holdings. Checchi Cap Advisers Lc holds 3,356 shares. Fiduciary Tru Co holds 22,652 shares. Wetherby Asset Incorporated invested in 2,820 shares. Janney Montgomery Scott Ltd Limited Liability Company has 0.06% invested in Microchip Technology Incorporated (NASDAQ:MCHP). Tdam Usa reported 6,270 shares. 8,618 are held by Piedmont Investment Advsrs Limited Liability Corp. Moors And Cabot invested 0.12% in Microchip Technology Incorporated (NASDAQ:MCHP). Moreover, Cetera Advisor Ntwk Limited has 0.01% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 2,306 shares. Retirement System Of Alabama holds 0.05% or 110,341 shares. 64,630 are held by Secor Capital Advsrs L P. Alphamark Advsr Ltd Liability holds 100 shares or 0% of its portfolio. Twin Capital Inc accumulated 0.05% or 11,670 shares. Moreover, Panagora Asset Mngmt Inc has 0.01% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 16,501 shares. Ancora Advsrs Ltd Company has invested 0.06% in Microchip Technology Incorporated (NASDAQ:MCHP).

Among 25 analysts covering Constellation Brands (NYSE:STZ), 15 have Buy rating, 2 Sell and 8 Hold. Therefore 60% are positive. Constellation Brands had 92 analyst reports since August 27, 2015 according to SRatingsIntel. The rating was initiated by BMO Capital Markets on Monday, February 5 with “Buy”. The stock has “Overweight” rating by Morgan Stanley on Thursday, October 6. The stock has “Hold” rating by Credit Suisse on Thursday, June 29. As per Tuesday, September 8, the company rating was downgraded by RBC Capital Markets. The stock of Constellation Brands, Inc. (NYSE:STZ) has “Hold” rating given on Monday, September 10 by SunTrust. On Thursday, December 17 the stock rating was reinitiated by Barclays Capital with “Overweight”. Stifel Nicolaus maintained the shares of STZ in report on Thursday, August 27 with “Buy” rating. On Monday, January 8 the stock rating was maintained by Credit Suisse with “Hold”. The stock of Constellation Brands, Inc. (NYSE:STZ) earned “Outperform” rating by RBC Capital Markets on Friday, April 7. The stock of Constellation Brands, Inc. (NYSE:STZ) earned “Buy” rating by Pivotal Research on Thursday, January 7.

Hbk Sorce Advisory Llc, which manages about $1.80 billion and $868.51 million US Long portfolio, upped its stake in Schwab Strategic Tr (SCHC) by 9,170 shares to 65,565 shares, valued at $2.37M in 2018Q2, according to the filing. It also increased its holding in Thermo Fisher Scientific Inc (NYSE:TMO) by 1,459 shares in the quarter, for a total of 7,286 shares, and has risen its stake in Vanguard Index Fds (VOO).

More notable recent Constellation Brands, Inc. (NYSE:STZ) news were published by: Fool.com which released: “How Big Of a Deal Could Marijuana Be for Constellation Brands?” on September 07, 2018, also Seekingalpha.com with their article: “If You Want Canopy Growth Corp., Invest In Constellation Brands” published on September 13, 2018, Investorplace.com published: “You Can Do so Much Better Than BUD Stock in the Beverage Space” on September 14, 2018. More interesting news about Constellation Brands, Inc. (NYSE:STZ) were released by: Nasdaq.com and their article: “Wait for the Next Big Correction to Jump on Canopy Growth Stock” published on September 13, 2018 as well as Seekingalpha.com‘s news article titled: “Constellation Brands: 90% Target Return” with publication date: September 12, 2018.

Investors sentiment increased to 1.25 in Q2 2018. Its up 0.07, from 1.18 in 2018Q1. It is positive, as 41 investors sold STZ shares while 255 reduced holdings. 102 funds opened positions while 267 raised stakes. 135.49 million shares or 0.45% more from 134.88 million shares in 2018Q1 were reported. 89,400 are held by Gabelli Funds Ltd Llc. Winch Advisory Ltd Company stated it has 100 shares or 0.01% of all its holdings. Missouri-based First Allied Advisory Svcs has invested 0.03% in Constellation Brands, Inc. (NYSE:STZ). Bank has 0.04% invested in Constellation Brands, Inc. (NYSE:STZ) for 14,905 shares. 2.00M are owned by Third Point Limited. Regions Financial holds 0.01% or 3,071 shares in its portfolio. Cypress Capital Group has invested 0.46% in Constellation Brands, Inc. (NYSE:STZ). Raymond James Tru Na accumulated 2,343 shares. 1,000 were accumulated by Summit Gp Ltd Company. Mark Sheptoff Fin Planning Limited Liability has 15,158 shares for 2.45% of their portfolio. Fayez Sarofim & has invested 0.47% in Constellation Brands, Inc. (NYSE:STZ). Natl Pension reported 166,227 shares. Andra Ap has invested 0.13% in Constellation Brands, Inc. (NYSE:STZ). Moreover, American Century Cos has 0.38% invested in Constellation Brands, Inc. (NYSE:STZ). Cypress Asset Mngmt Tx owns 0.39% invested in Constellation Brands, Inc. (NYSE:STZ) for 6,005 shares.

Microchip Technology Incorporated (NASDAQ:MCHP) Institutional Positions Chart

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