Microchip Technology Incorporated (NASDAQ:MCHP) Stock Holdings Raised by Value Partners Investments Inc.

Value Partners Investments Inc. increased its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 42.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 31,456 shares of the semiconductor company's stock after acquiring an additional 9,336 shares during the period. Value Partners Investments Inc.'s holdings in Microchip Technology were worth $1,804,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in shares of Microchip Technology in the 3rd quarter valued at $491,000. Stock Yards Bank & Trust Co. grew its position in Microchip Technology by 3.3% during the third quarter. Stock Yards Bank & Trust Co. now owns 11,517 shares of the semiconductor company's stock valued at $925,000 after buying an additional 368 shares during the period. World Investment Advisors LLC increased its stake in shares of Microchip Technology by 11.7% in the 3rd quarter. World Investment Advisors LLC now owns 42,882 shares of the semiconductor company's stock valued at $3,443,000 after purchasing an additional 4,477 shares in the last quarter. Arvest Bank Trust Division purchased a new stake in shares of Microchip Technology in the third quarter valued at approximately $223,000. Finally, Wilmington Savings Fund Society FSB increased its holdings in Microchip Technology by 16.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 60,394 shares of the semiconductor company's stock worth $4,849,000 after acquiring an additional 8,592 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Microchip Technology Price Performance

Shares of MCHP stock traded up $0.58 during trading hours on Friday, hitting $38.53. The company's stock had a trading volume of 7,776,736 shares, compared to its average volume of 8,067,237. The company has a current ratio of 2.25, a quick ratio of 1.23 and a debt-to-equity ratio of 1.12. The business has a fifty day moving average of $51.00 and a 200-day moving average of $60.01. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $100.57. The stock has a market cap of $20.72 billion, a price-to-earnings ratio of 68.81 and a beta of 1.51.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.15). Microchip Technology had a return on equity of 12.62% and a net margin of 6.49%. As a group, equities research analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were paid a dividend of $0.455 per share. The ex-dividend date was Monday, February 24th. This represents a $1.82 annualized dividend and a yield of 4.72%. Microchip Technology's dividend payout ratio is presently 325.00%.

Analysts Set New Price Targets

A number of research firms recently weighed in on MCHP. Stifel Nicolaus lowered their price target on shares of Microchip Technology from $80.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday. Raymond James reissued a "strong-buy" rating and issued a $60.00 price target (down from $95.00) on shares of Microchip Technology in a research note on Friday, February 7th. Mizuho boosted their price target on shares of Microchip Technology from $58.00 to $68.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 4th. The Goldman Sachs Group decreased their price target on Microchip Technology from $72.00 to $63.00 and set a "neutral" rating for the company in a report on Friday, January 10th. Finally, B. Riley restated a "buy" rating and set a $75.00 price target (down previously from $85.00) on shares of Microchip Technology in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Microchip Technology presently has a consensus rating of "Moderate Buy" and an average price target of $71.26.

Insider Activity

In other Microchip Technology news, CFO James Eric Bjornholt sold 3,724 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $60.88, for a total value of $226,717.12. Following the completion of the sale, the chief financial officer now owns 33,272 shares of the company's stock, valued at $2,025,599.36. This trade represents a 10.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.10% of the company's stock.

Microchip Technology Profile

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.