Hyman Charles D Has $398,000 Stock Holdings in Microchip Technology Incorporated (NASDAQ:MCHP)

Hyman Charles D raised its holdings in Microchip Technology Incorporated (NASDAQ:MCHPGet Rating) by 100.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,570 shares of the semiconductor company’s stock after acquiring an additional 2,285 shares during the quarter. Hyman Charles D’s holdings in Microchip Technology were worth $398,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Emfo LLC lifted its stake in shares of Microchip Technology by 100.0% in the fourth quarter. Emfo LLC now owns 290 shares of the semiconductor company’s stock worth $25,000 after buying an additional 145 shares during the last quarter. Tarbox Family Office Inc. lifted its stake in shares of Microchip Technology by 97.4% in the fourth quarter. Tarbox Family Office Inc. now owns 302 shares of the semiconductor company’s stock worth $26,000 after buying an additional 149 shares during the last quarter. Hoese & Co LLP lifted its stake in shares of Microchip Technology by 100.0% in the fourth quarter. Hoese & Co LLP now owns 300 shares of the semiconductor company’s stock worth $26,000 after buying an additional 150 shares during the last quarter. Gradient Investments LLC lifted its stake in shares of Microchip Technology by 100.6% in the fourth quarter. Gradient Investments LLC now owns 315 shares of the semiconductor company’s stock worth $27,000 after buying an additional 158 shares during the last quarter. Finally, TCI Wealth Advisors Inc. lifted its stake in shares of Microchip Technology by 142.1% in the fourth quarter. TCI Wealth Advisors Inc. now owns 305 shares of the semiconductor company’s stock worth $27,000 after buying an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 55.64% of the company’s stock.

Shares of MCHP traded down $2.98 during trading hours on Friday, hitting $65.20. The stock had a trading volume of 4,837,720 shares, compared to its average volume of 4,433,269. The company’s fifty day moving average is $70.57 and its two-hundred day moving average is $76.96. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.81 and a quick ratio of 1.18. Microchip Technology Incorporated has a 52 week low of $63.34 and a 52 week high of $90.00. The stock has a market capitalization of $36.25 billion, a price-to-earnings ratio of 38.35, a P/E/G ratio of 0.65 and a beta of 1.57.

Microchip Technology (NASDAQ:MCHPGet Rating) last posted its earnings results on Thursday, February 3rd. The semiconductor company reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.03. Microchip Technology had a net margin of 14.95% and a return on equity of 38.44%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. Equities analysts predict that Microchip Technology Incorporated will post 4.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 8th. Stockholders of record on Tuesday, February 22nd were issued a $0.253 dividend. This is a positive change from Microchip Technology’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, February 18th. This represents a $1.01 annualized dividend and a dividend yield of 1.55%. Microchip Technology’s dividend payout ratio is presently 59.41%.

In other Microchip Technology news, Director Matthew W. Chapman sold 1,000 shares of the stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $70.93, for a total transaction of $70,930.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO James Eric Bjornholt sold 1,885 shares of the stock in a transaction dated Tuesday, February 22nd. The stock was sold at an average price of $70.93, for a total transaction of $133,703.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,498 shares of company stock worth $460,903. Insiders own 2.03% of the company’s stock.

A number of analysts have recently weighed in on the stock. Truist Financial reduced their price objective on shares of Microchip Technology from $94.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, April 8th. Susquehanna reiterated a “buy” rating and set a $100.00 target price on shares of Microchip Technology in a research note on Friday, February 4th. Susquehanna Bancshares reiterated a “buy” rating and set a $100.00 target price on shares of Microchip Technology in a research note on Friday, February 4th. Bank of America cut their target price on shares of Microchip Technology from $100.00 to $92.00 and set a “buy” rating for the company in a research note on Friday, February 4th. Finally, Wells Fargo & Company cut their target price on shares of Microchip Technology from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, February 4th. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $95.79.

About Microchip Technology (Get Rating)

Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit embedded microprocessors markets; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.

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Institutional Ownership by Quarter for Microchip Technology (NASDAQ:MCHP)

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