Hot Stocks Retreats on New Development: Microchip Technology (NASDAQ:MCHP), KLA-Tencor (NASDAQ:KLAC)

Microchip Technology Incorporated (NASDAQ:MCHP) [Trend Analysis] retains strong position in active trade, as shares scoring -7.48% to $61.23 in active trade session, while looking at the shares volume, around 8.81 Million shares have changed hands in this session.

Finally, analysts shed their light over the MCHP price targets; maintaining price high target of 78 while at average the price target was 69.38 in contrast with the current price of 61.23. The price targets are usually acts as the boosters or blasters in the performance of stock. A higher price target would definitely provide confidence to investors during the trading action, consideration given by Wall Street Journal.

So does the rankings given by analysts; let us highlight rankings table and we had 10 analysts recommending BUY ratings for current month and for previous month 9 stands on similar situation; while 7 for the current month as compared to 7 analysts recommending for HOLD from the pool for previous month. While 1 stands at overweight. For the overall, consensus ratings were for Overweight.

The firm has institutional ownership of 98.80%, while insider ownership included 2.38%. MCHP attains analyst recommendation of 2.10 with week’s performance of -7.38%. Investors looking further ahead will note that the Price to next year’s EPS is 11.78%.

KLA-Tencor Corporation (NASDAQ:KLAC) [Trend Analysis] knocking active thrust in leading trading session, shares a loss of -4.90% to 75.93 with around 3.44 Million shares have changed hands in this session.

Fundamentalist can give brighter side of a picture but an analyst can glow the darker parts stored in any investment. Let us view how analysts have ranked KLAC in recent few months. In ratings table the KLAC given BUY ratings by 6 analysts in current phase and 1 analyst suggest it as overweight security. The 1 number of analyst/s have SELL recommendation for current month on KLAC. While 9 number of analysts gave ratings for HOLD in current. As per remarks given by WSJ, overall consensus pool recommend it as Overweight security.

The stock was assessed in terms of profitability as current quarter EPS estimate trends showed $1.39 at current month while compared with $1.39 in a month ago. The stock next year first quarter current estimate trend for EPS was for $1.39 and on annual basis FY 2016 estimate trends at current was for $5.26 as compared to one month ago of $5.26, and for next year per share earnings estimates have $5.55.

The stock is going forward its fifty-two week low with 24.55% and lagging behind from its 52-week high price with -8.77%. Similar, the positive performance for the quarter recorded as 8.11% and for the year was 15.58%, while the YTD performance remained at 12.86%. KLAC has Average True Range for 14 days of 1.68.


About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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