The shares of Cisco Systems, Inc. (NASDAQ:CSCO) has been pegged with a rating of Neutral by Nomura in its latest research note that was published on December 14th, 2018. Nomura wasn’t the only research firm that published a report of Cisco Systems, Inc., with other equities research analysts also giving their opinion on the stock. Piper Jaffray advised investors in its research note published on October 1st, 2018, to Overweight the CSCO stock while also putting a $53 price target. The stock had earned Neutral rating from Credit Suisse when it published its report on May 10th, 2018. That day the Credit Suisse set price target on the stock to $41. The stock was given Overweight rating by JP Morgan in its report released on May 3rd, 2018. Macquarie was of a view that CSCO is Outperform in its latest report on May 1st, 2018. Citigroup thinks that CSCO is worth Buy rating. This was contained in the firm’s report on March 16th, 2018 in which the stock’s price target was also moved to $52.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 10 believe it has the potential for further growth, thus rating it as Hold while 9 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $52.64. The price of the stock the last time has raised by 27.12% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 63.19.
The shares of the company added by 0.47% during the trading session on Wednesday, reaching a low of $46.95 while ending the day at $47.48. During the trading session, a total of 17.44 million shares were traded which represents a 31.7% incline from the average session volume which is 25.53M shares. CSCO had ended its last session trading at 47.26. Cisco Systems, Inc. currently has a market cap of $216.75B, while its P/E ratio stands at 19.49, while its P/E earnings growth sits at 4.31, with a beta of 1.15. Cisco Systems, Inc. debt-to-equity ratio currently stands at 0.58, while its quick ratio hovers at 2.00. CSCO 52-week low price stands at $37.35 while its 52-week high price is $49.47.
The company in its last quarterly report recorded $0.75 earnings per share which is above the $0.72 predicted by most analysts. The Cisco Systems, Inc. generated $13,072.00 million in revenue during the last quarter, which is slightly higher than the $12,863.30 million predicted by analysts. In the second quarter last year, the firm recorded $0.70 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 6.67%. Cisco Systems, Inc. has the potential to record 2.44 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Needham published a research note on February 6th, 2019 where it informed investors and clients that Microchip Technology Incorporated (NASDAQ:MCHP) is now rated as Buy. Their price target on the stock stands at $100. Piper Jaffray also rated MCHP as Reiterated on October 1st, 2018, with its price target of $53 suggesting that MCHP could surge by 8.7% from its current share price. Even though the stock has been trading at $83.24/share, analysts expect it to surge higher by 7.29% to reach $97.82/share. It started the day trading at $91.75 and traded between $88.01 and $89.31 throughout the trading session.
A look at its technical shows that MCHP’s 50-day SMA is 74.62 while its 200-day SMA stands at 82.77. The stock has a high of $104.20 for the year while the low is $60.70. The company’s P/E ratio currently sits at 39.27, while the P/B ratio is 4.07. The company’s average trading volume currently stands at 3.18M shares, which means that the short-interest ratio is just 11.80 days. Over the past seven days, the company moved, with its shift of 10.96%. Looking further, the stock has raised 28.06% over the past 90 days while it lost -6.58% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. T Rowe Price Associates Inc sold more MCHP shares, decreasing its portfolio by -9.37% during the last quarter. This move now sees T Rowe Price Associates Inc selling -2,844,890 shares in the last quarter, thus it now holds 27,510,830 shares of MCHP, with a total valuation of $1,978,578,894. The Vanguard Group Inc meanwhile bought more MCHP shares in the recently filed quarter, changing its stake to $1,861,702,637 worth of shares. Henderson Global Investors Ltd followed the path by decreasing its MCHP portfolio by -6.14% in the quarter. This means that Henderson Global Investors Ltd sold -793,656 shares in the last quarter and now controls 12,125,949 shares of the MCHP stock, with the valuation hitting $872,098,252.
The firm bought 586,829 shares during the quarter which increased its stakes to 9,048,198 shares and is now valued at $650,746,400. Following these latest developments, around 2.20% of Microchip Technology Incorporated stocks are owned by institutional investors and hedge funds.