Microchip Technology Inc
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Information Technology : Semiconductors & Semiconductor Equipment | Large Cap Blend
Company profile

Microchip Technology Incorporated is engaged in developing, manufacturing and selling specialized semiconductor products used by its customers for a range of embedded control applications. The Company operates through two segments: semiconductor products and technology licensing. In the semiconductor products segment, the Company designs, develops, manufactures and markets microcontrollers, development tools and analog, interface, mixed signal and timing products. Its functional activities include sales, marketing, manufacturing, information technology, human resources, legal and finance. Its product portfolio comprises general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers, a spectrum of linear, mixed-signal, power management, thermal management, radio frequency (RF), timing, safety, security, wired connectivity and wireless connectivity devices, as well as serial electrically erasable programmable read-only memories (EEPROMs) and serial flash memories.

Closing Price
$99.05
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
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Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
1,871,532
0

UPDATE: This analysis of Wall Street stock ratings is sounding a warning for Tesla and 62 other stocks

9:21 am ET September 7, 2020 (MarketWatch)
Print

By Philip van Doorn, MarketWatch

More analysts rate Tesla a 'sell' than a 'buy'

In the financial media, "Wall Street" typically means U.S. brokerage firms and often the analysts who work for them. They are known as "sell-side analysts." They work independently of the firms' sales teams, but there's no question that Wall Street's job is to sell stocks. So when you see a high level of "sell" ratings on a stock, take heed.

Tesla Inc. (TSLA) is the poster child for high-flying stocks during this pandemic year. The electric-car company's shares are up 435% this year and 891% in the past 12 months. And as the shares have shot up, many analysts have continually increased their price targets.

But not all of them have kept doing so. And now, among 37 sell-side analysts polled by FactSet, eight rate the shares the equivalent of a "buy," while 11 rate them the equivalent of a "sell." The shares closed at $447.37 on Sept. 2. The consensus price target among those analysts is $284.97, implying 36% downside for the shares.

Tesla is not yet included in the benchmark S&P 500 Index , although it is expected to be added soon (http://www.marketwatch.com/story/shares-of-tesla-have-surged-on-hope-of-inclusion-in-the-sp-500-but-does-being-added-to-an-index-help-a-stock-2020-07-27). It is rare for any S&P 500 stock to have majority "sell" ratings, and none do at this time. But a quick look shows 33 stocks with "sell" ratings outweighing "buy" ratings.

Expanding to the Russell 1000 Index of the largest 1,000 publicly traded companies listed in the U.S. by market capitalization (including Tesla and subject to changes when stocks plunge), there are four companies with majority "sell" ratings.

Among the Russell 1000, there are 63 companies with "sell" ratings outweighing "buy" ratings. Here they are, sorted by market capitalization:

-Philip van Doorn; 415-439-6400; AskNewswires@dowjones.com

Company Ticker Share 'buy' ratings Share 'sell' ratings Market cap. ($ millions) Total return - 2020 through Sept. 2

Tesla Inc. US:TSLA 22% 30% 416,863 435%

Exxon Mobil Corp. US:XOM 12% 20% 165,704 -41%

Illinois Tool Works Inc. US:ITW 13% 22% 63,849 14%

Public Storage US:PSA 13% 27% 37,436 3%

Southern Copper Corp. US:SCCO 15% 54% 37,092 16%

Walgreens Boots Alliance Inc. US:WBA 5% 9% 32,209 -35%

WEC Energy Group Inc. US:WEC 15% 38% 30,726 8%

Paychex Inc. US:PAYX 10% 19% 27,988 -6%

Hormel Foods Corp. US:HRL 8% 23% 27,698 15%

ResMed Inc. US:RMD 22% 33% 26,517 19%

McCormick & Co. Inc. US:MKC 17% 33% 26,001 25%

Brown-Forman Corp. Class B US:BF.B 6% 33% 24,715 19%

Consolidated Edison Inc. US:ED 6% 35% 24,161 -18%

Mettler-Toledo International Inc. US:MTD 0% 25% 24,095 27%

Equity Residential US:EQR 21% 26% 21,473 -27%

Expeditors International of Washington Inc. US:EXPD 7% 36% 15,218 17%

Avangrid Inc. US:AGR 9% 36% 14,968 -3%

Tiffany & Co. US:TIF 0% 7% 14,854 -8%

J.M. Smucker Co. US:SJM 6% 17% 13,786 19%

FactSet Research Systems Inc. US:FDS 0% 44% 13,452 33%

Waters Corp. US:WAT 0% 38% 13,442 -7%

C.H. Robinson Worldwide Inc. US:CHRW 18% 23% 13,438 29%

Jack Henry & Associates Inc. US:JKHY 10% 20% 13,113 18%

Cognex Corp. US:CGNX 22% 28% 12,376 28%

Brown-Forman Corp. Class A US:BF.A 6% 35% 12,170 15%

CenturyLink Inc. US:CTL 13% 44% 11,985 -11%

Ubiquiti Inc. US:UI 25% 75% 11,942 0%

Omnicom Group Inc US:OMC 25% 33% 11,588 -32%

Occidental Petroleum Corp. US:OXY 12% 19% 11,534 -68%

Lennox International Inc. US:LII 12% 29% 11,009 19%

Franklin Resources Inc. US:BEN 0% 43% 10,784 -14%

Carnival Corp. US:CCL 5% 20% 10,037 -67%

Western Union Co. US:WU 10% 29% 9,852 -9%

Allegion PLC US:ALLE 0% 9% 9,666 -15%

CNA Financial Corp. US:CNA 0% 25% 8,766 -22%

Watsco Inc. US:WSO 11% 22% 8,161 42%

Beyond Meat Inc. US:BYND 22% 30% 8,099 72%

Gap Inc. US:GPS 13% 17% 6,870 5%

Vornado Realty Trust US:VNO 15% 23% 6,830 -44%

Credit Acceptance Corp. US:CACC 0% 33% 6,807 -13%

American Airlines Group Inc. US:AAL 20% 45% 6,728 -54%

Grubhub Inc. US:GRUB 0% 4% 6,629 48%

Commerce Bancshares Inc. US:CBSH 0% 40% 6,599 -12%

Continental Resources Inc. US:CLR 10% 16% 5,992 -52%

Comerica Inc. US:CMA 19% 23% 5,587 -42%

Invesco Ltd. US:IVZ 11% 28% 4,881 -38%

Cullen/Frost Bankers Inc. US:CFR 20% 47% 4,403 -26%

Rayonier Inc. US:RYN 14% 29% 4,109 -6%

Xerox Holdings Corp. US:XRX 13% 25% 3,992 -48%

Unum Group US:UNM 9% 18% 3,802 -33%

(MORE TO FOLLOW) Dow Jones Newswires

September 07, 2020 09:21 ET (13:21 GMT)

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