Systematic Financial Management LP Boosted Microchip Tech (MCHP) Holding by $11.23 Million; Cardinal Capital Management Boosted Its Position in Caesarstone LTD (CSTE) as Stock Price Rose

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Cardinal Capital Management increased its stake in Caesarstone Ltd (CSTE) by 78.73% based on its latest 2018Q2 regulatory filing with the SEC. Cardinal Capital Management bought 21,831 shares as the company’s stock rose 14.50% with the market. The hedge fund held 49,560 shares of the building materials company at the end of 2018Q2, valued at $748,000, up from 27,729 at the end of the previous reported quarter. Cardinal Capital Management who had been investing in Caesarstone Ltd for a number of months, seems to be bullish on the $516.14M market cap company. The stock increased 2.60% or $0.38 during the last trading session, reaching $15.02. About 134,569 shares traded. Caesarstone Ltd. (NASDAQ:CSTE) has declined 34.24% since December 8, 2017 and is downtrending. It has underperformed by 49.86% the S&P500. Some Historical CSTE News: 09/05/2018 – CAESARSTONE 1Q ADJ EPS 10C, EST. 20C (2 EST.); 09/05/2018 – CAESARSTONE 1Q REV. $136.1M, EST. $141.3M; 12/03/2018 Caesarstone Files Annual Report on Form 20-F for the Year Ended December 31, 2017; 22/03/2018 – CAESARSTONE REPORTS RAANAN ZILBERMAN’S RESIGNATION &; 18/04/2018 – The $MRCY rebuttals are weak. If $MRCY EBITDA margins and business model were so good, you would see competitors replicating it and come public to get a 20x multiple, but none do; 22/03/2018 – Caesarstone Appoints CFO Yair Averbuch as Interim CEO Effective Immediately; 09/05/2018 – Caesarstone 1Q EPS 5c; 22/03/2018 – Caesarstone Announces Raanan Zilberman’s Resignation And Appointment Of Yair Averbuch As Interim Chief Executive Officer; 17/05/2018 – TENE GROWTH CAPITAL lll (G.P.) COMPANY LTD. REPORTS 37.2 PCT STAKE IN CAESARSTONE LTD AS OF MAY 14, 2018 – SEC FILING; 09/05/2018 – CAESARSTONE CUTS FULL YEAR 2018 REV. & ADJUSTED EBITDA GUIDANCE

Systematic Financial Management Lp increased its stake in Microchip Tech Inc. (MCHP) by 952.36% based on its latest 2018Q2 regulatory filing with the SEC. Systematic Financial Management Lp bought 124,769 shares as the company’s stock declined 18.23% while stock markets rallied. The institutional investor held 137,870 shares of the semiconductors company at the end of 2018Q2, valued at $12.54M, up from 13,101 at the end of the previous reported quarter. Systematic Financial Management Lp who had been investing in Microchip Tech Inc. for a number of months, seems to be bullish on the $16.62B market cap company. The stock decreased 4.28% or $3.14 during the last trading session, reaching $70.26. About 2.66 million shares traded. Microchip Technology Incorporated (NASDAQ:MCHP) has declined 5.63% since December 8, 2017 and is downtrending. It has underperformed by 21.25% the S&P500. Some Historical MCHP News: 21/05/2018 – Easily Implement Low-power Touch Pads with Surface Gestures Using Microchip’s New Software Library; 08/05/2018 – Microchip Tech: On Schedule to Close Microsemi Acquisition Sometime During June; 26/03/2018 – Improve Reliability and Performance in Harsh Environments with Microchip’s New Automotive MEMS Oscillators; 08/05/2018 – Microchip Tech 4Q Net $146.7M; 16/03/2018 – Microchip Technology CEO to Ring Nasdaq Closing Bell on March 19, 2018; 22/05/2018 – Fitch Rates Microchip Technology’s $2B Secured Notes ‘BBB-‘/’RR1’; 08/05/2018 – Microchip Tech Sees 1Q Adjusted Gross Margin 61.5%-62%; 29/05/2018 – MICROCHIP TECHNOLOGY INC – AMENDED AND RESTATED CREDIT FACILITY PROVIDES FOR A $3.0 BLN TERM LOAN FACILITY; 08/05/2018 – Microchip Tech Sees 1Q Capital Expenditures $70M-$90M; 18/05/2018 – MICROCHIP TECHNOLOGY SAYS ENTERED AMENDED & RESTATED CREDIT AGREEMENT, AMENDING CREDIT AGREEMENT, DATED JUNE 27, 2013 – SEC FILING

Systematic Financial Management Lp, which manages about $14.04 billion and $4.09 billion US Long portfolio, decreased its stake in Aetna Inc. (NYSE:AET) by 2,055 shares to 3,885 shares, valued at $713,000 in 2018Q2, according to the filing. It also reduced its holding in Huntsman Corp (NYSE:HUN) by 324,910 shares in the quarter, leaving it with 725,423 shares, and cut its stake in Smart Global Holdings Inc..

Investors sentiment increased to 1.1 in Q2 2018. Its up 0.29, from 0.81 in 2018Q1. It increased, 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. Alphamark Advsr Ltd Liability Corporation holds 0% in Microchip Technology Incorporated (NASDAQ:MCHP) or 100 shares. Rmb Cap Mngmt Limited Liability Company reported 0.43% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). Torch Wealth Mngmt Llc has 1.32% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 23,000 shares. Envestnet Asset Mgmt stated it has 89,977 shares. Harvest Mgmt Llc has 5,000 shares. Moreover, Loring Wolcott And Coolidge Fiduciary Advsrs Llp Ma has 0.02% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 10,000 shares. Whittier Company owns 7,302 shares. 110,341 were reported by Retirement Of Alabama. Cleararc Inc holds 0.08% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP) for 6,038 shares. Piedmont Investment Advsr Ltd Liability Corporation accumulated 8,618 shares. Ent stated it has 0% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). Fifth Third Natl Bank accumulated 0.07% or 117,105 shares. Nuwave Inv Mngmt Lc holds 0% or 34 shares. Tarbox Family Office has 348 shares. First Manhattan accumulated 0% or 347 shares.

Among 26 analysts covering Microchip Technology (NASDAQ:MCHP), 22 have Buy rating, 0 Sell and 4 Hold. Therefore 85% are positive. Microchip Technology had 89 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by Susquehanna on Tuesday, June 6 with “Buy”. Jefferies maintained the stock with “Buy” rating in Monday, September 11 report. Morgan Stanley upgraded the shares of MCHP in report on Tuesday, January 19 to “Overweight” rating. Morgan Stanley maintained it with “Equal-Weight” rating and $99 target in Wednesday, December 13 report. Mizuho upgraded the stock to “Buy” rating in Monday, March 5 report. Summit Redstone Partners upgraded it to “Buy” rating and $82 target in Tuesday, April 4 report. The firm has “Equal-Weight” rating given on Wednesday, February 7 by Morgan Stanley. KeyBanc Capital Markets maintained the shares of MCHP in report on Friday, August 10 with “Overweight” rating. The firm has “Equal-Weight” rating given on Wednesday, November 1 by Morgan Stanley. KeyBanc Capital Markets maintained Microchip Technology Incorporated (NASDAQ:MCHP) on Wednesday, September 6 with “Hold” rating.

More notable recent Microchip Technology Incorporated (NASDAQ:MCHP) news were published by: Globenewswire.com which released: “SHAREHOLDER ALERT: MCHP TGTX MGTI HAS CPB CHGG ADNT GOOG IGCC FIT RYAAY: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines – GlobeNewswire” on November 13, 2018, also Nasdaq.com with their article: “Market Close Report: NASDAQ Composite index closes at 7,530.89 down -39.86 points – Nasdaq” published on November 08, 2018, Nasdaq.com published: “Accelerate Development of Remote IoT Nodes with the Industry’s Lowest-power LoRa® System-in-Package Family – Nasdaq” on November 13, 2018. More interesting news about Microchip Technology Incorporated (NASDAQ:MCHP) were released by: Nasdaq.com and their article: “3 Big Stock Charts for Thursday: Masco, Ralph Lauren and Microchip Technology – Nasdaq” published on November 29, 2018 as well as Globenewswire.com‘s news article titled: “Microchip Technology to Present at the Nasdaq 39th Investor Conference – GlobeNewswire” with publication date: November 29, 2018.

Since August 22, 2018, it had 0 insider buys, and 8 insider sales for $1.93 million activity. The insider LITTLE MITCHELL R sold 3,196 shares worth $269,519. $159,131 worth of Microchip Technology Incorporated (NASDAQ:MCHP) shares were sold by Bjornholt James Eric. DREHOBL STEPHEN V also sold $307,768 worth of Microchip Technology Incorporated (NASDAQ:MCHP) on Friday, November 23.

Among 10 analysts covering Caesarstone Sdot-Yam (NASDAQ:CSTE), 3 have Buy rating, 4 Sell and 3 Hold. Therefore 30% are positive. Caesarstone Sdot-Yam had 33 analyst reports since August 6, 2015 according to SRatingsIntel. As per Friday, March 23, the company rating was maintained by JP Morgan. The firm earned “Buy” rating on Friday, October 2 by Stifel Nicolaus. The stock of Caesarstone Ltd. (NASDAQ:CSTE) earned “Sell” rating by J.P. Morgan on Thursday, November 2. Chardan Capital Markets maintained Caesarstone Ltd. (NASDAQ:CSTE) rating on Tuesday, November 7. Chardan Capital Markets has “Hold” rating and $32.0 target. The stock has “Buy” rating by Stifel Nicolaus on Thursday, February 11. Chardan Capital Markets downgraded the stock to “Neutral” rating in Thursday, May 11 report. The firm has “Underweight” rating given on Thursday, November 2 by JP Morgan. The stock has “Equal-Weight” rating by Barclays Capital on Thursday, February 11. As per Monday, August 24, the company rating was upgraded by Barclays Capital. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, May 9.

Microchip Technology Incorporated (NASDAQ:MCHP) Institutional Positions Chart

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