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Thursday 15 October 2015
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News Analysis on: Microchip Technology Inc. (NASDAQ:MCHP), Sempra Energy (NYSE:SRE), Stanley Black & Decker, Inc. (NYSE:SWK), Manitowoc Company Inc (NYSE:MTW)

On Friday, Microchip Technology Inc (NASDAQ:MCHP)’s shares declined -1.22% to $42.80.

Microchip Technology Inc. [MCHP], a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, has declared a new series within its high-performance PIC32MZ family of 32-bit microcontrollers (MCUs) that features an integrated hardware floating point unit (FPU) for high performance and lower latency in intensive single and double-precision math applications. This new 48-member PIC32MZ EF series also offers a 12-bit, 18 MSPS analog-to-digital converter (ADC) for a wide array of high-speed, wide-bandwidth applications. Additionally, the PIC32MZ EF supports an extensive DSP instruction set. This combination of DSP instructions, a double-precision FPU and a high-speed ADC improves code density, decreases latency and accelerates performance in process-intensive applications.

Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications. The company offers microcontrollers, such as 8-bit, 16-bit, and 32-bit microcontrollers under the PIC brand name; and 16-bit dsPIC digital signal controllers, in addition to provides microcontrollers for automotive networking, computing, lighting, power supplies, wireless communication, and wireless audio applications.

Sempra Energy (NYSE:SRE)’s shares dropped -0.55% to $92.43.

For the third successive year, Sempra Energy (SRE) has been named to the Dow Jones Sustainability World Index and, for the fifth successive year, to the Dow Jones Sustainability North America Index.

Established in 1999, the Dow Jones Sustainability indices are compiled annually by S&P Dow Jones and the Zurich-based RobecoSAM, a sustainable investment specialty firm. They were the first organizations in the world to track the financial performance of companies that lead their respective industries in managing economic, environmental and social issues with a strong focus on long-term shareholder value. The indices serve as benchmarks for investors who integrate sustainability considerations into their portfolios.

The Dow Jones Sustainability World Index tracks the performance of the top 10 percent of the 2,500 largest companies in the S&P Global Broad Market Index.

Sempra Energy operates as an energy services holding company worldwide. The company’s San Diego Gas & Electric Company segment transmits and distributes electricity and/or natural gas. As of February 23, 2015, this segment offered energy service about to 3.4 million consumers through 1.4 million electric meters and 878,000 natural gas meters in San Diego and southern Orange counties.

At the end of Friday’s trade, Stanley Black & Decker, Inc. (NYSE:SWK)‘s shares dipped -0.63% to $100.31.

View Technologies, a joint venture between Stanley Black & Decker, Inc. (SWK) and RF Controls, declared the inView Platform, a software framework that enables solution providers to access real-time data for the billions of items incorporating RAIN RFID (Passive UHF) tags in retail, manufacturing and logistics.

Through the combination of its patented Echo smart antenna technology and software-based services, the inView platform provides item-level visibility that can easily be integrated into enterprise systems, applications and IoT platforms. The Echo smart antennas continuously identify, locate and track RAIN RFID tagged items within 150 feet – 10 times farther than any other commercial system to deliver accurate tag location, continuous visibility and hands-free functionality.

Stanley Black & Decker, Inc. provides power and hand tools, mechanical access solutions, and electronic security and monitoring systems for various industrial applications. Its Construction & Do-It-Yourself segment provides professional grade corded and cordless electric power tools and equipment, counting drills, impact wrenches and drivers, grinders, saws, routers, and sanders; corded and cordless electric power tools, lawn and garden products, and home products; measuring tools, leveling and layout tools, planes, hammers, demolition tools, knives, saws, and chisels, in addition to tool boxes, sawhorses, and storage units; and pneumatic tools, fasteners, and power tool accessories.

Manitowoc Company Inc (NYSE:MTW), ended its Friday’s trading session with -3.19% loss, and closed at $16.07.

Finacity Corporation declared that it has facilitated the successful addition of an Asian Originator to an existing trade receivables securitization for The Manitowoc Company, Inc. (MTW). The $185 million transaction now incorporates a new division (Manitowoc Foodservice Asia Pacific Private Limited). Wells Fargo Capital Finance, a division of Wells Fargo & Company ( WFC) offered funding for the transaction, while Finacity offered structuring support and is responsible for ongoing program administration and reporting.

The Manitowoc Company, Inc. designs, manufactures, and sells cranes and related products, and foodservice equipment worldwide. The Cranes and Related Products segment offers lattice-boom cranes, counting crawler and truck mounted lattice-boom cranes, and crawler crane attachments; tower cranes comprising top slewing, luffing jib, topless, and self-erecting tower cranes; mobile telescopic cranes, such as rough terrain, all-terrain, truck mounted, and industrial cranes; and boom trucks comprising telescopic boom trucks under the Manitowoc, Potain, Grove, National Crane, and Shuttlelift brands.

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