Robeco Institutional Asset Management B.V. Has $5.21 Million Position in Microchip Technology Incorporated (NASDAQ:MCHP)

Robeco Institutional Asset Management B.V. cut its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 17.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 90,787 shares of the semiconductor company’s stock after selling 19,105 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Microchip Technology were worth $5,207,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Prospera Private Wealth LLC bought a new stake in Microchip Technology during the third quarter worth about $29,000. Peterson Financial Group Inc. bought a new stake in shares of Microchip Technology during the 3rd quarter worth approximately $34,000. Truvestments Capital LLC acquired a new stake in shares of Microchip Technology in the 3rd quarter valued at approximately $34,000. Wolff Wiese Magana LLC grew its stake in shares of Microchip Technology by 55.2% in the third quarter. Wolff Wiese Magana LLC now owns 613 shares of the semiconductor company’s stock valued at $49,000 after buying an additional 218 shares in the last quarter. Finally, Hobbs Group Advisors LLC increased its holdings in Microchip Technology by 390.6% during the third quarter. Hobbs Group Advisors LLC now owns 628 shares of the semiconductor company’s stock worth $50,000 after buying an additional 500 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MCHP shares. StockNews.com raised shares of Microchip Technology from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Jefferies Financial Group reduced their price target on Microchip Technology from $100.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Bank of America cut Microchip Technology from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $80.00 to $65.00 in a research report on Monday, December 16th. Rosenblatt Securities reissued a “buy” rating and set a $90.00 target price on shares of Microchip Technology in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group cut 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.00.

Microchip Technology Stock Performance

MCHP opened at $54.30 on Monday. The firm has a market cap of $29.16 billion, a P/E ratio of 37.97 and a beta of 1.52. The business’s fifty day moving average is $59.29 and its 200-day moving average is $71.18. Microchip Technology Incorporated has a 52-week low of $53.98 and a 52-week high of $100.57. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.48 and a current ratio of 0.88.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Tuesday, November 5th. The semiconductor company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Microchip Technology had a net margin of 14.22% and a return on equity of 19.47%. The business’s revenue for the quarter was down 48.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.54 EPS. Sell-side analysts expect that Microchip Technology Incorporated will post 1.31 EPS for the current fiscal year.

Microchip Technology Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.455 per share. This is an increase from Microchip Technology’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $1.82 annualized dividend and a yield of 3.35%. Microchip Technology’s payout ratio is presently 127.27%.

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.