Microchip Technology Incorporated (NASDAQ:MCHP) Shares Sold by Rothschild Investment LLC

Rothschild Investment LLC reduced its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 14.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,390 shares of the semiconductor company’s stock after selling 3,016 shares during the quarter. Rothschild Investment LLC’s holdings in Microchip Technology were worth $997,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MCHP. International Assets Investment Management LLC increased its stake in Microchip Technology by 8,163.6% in the 3rd quarter. International Assets Investment Management LLC now owns 234,768 shares of the semiconductor company’s stock valued at $18,850,000 after purchasing an additional 231,927 shares in the last quarter. Dakota Wealth Management grew its holdings in Microchip Technology by 13.8% in the third quarter. Dakota Wealth Management now owns 5,951 shares of the semiconductor company’s stock valued at $478,000 after purchasing an additional 722 shares during the last quarter. Forsta AP Fonden increased its position in shares of Microchip Technology by 17.1% in the third quarter. Forsta AP Fonden now owns 111,800 shares of the semiconductor company’s stock valued at $8,976,000 after buying an additional 16,300 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of Microchip Technology by 74.6% during the 3rd quarter. Arkadios Wealth Advisors now owns 6,214 shares of the semiconductor company’s stock worth $499,000 after buying an additional 2,656 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Microchip Technology by 6.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 269,062 shares of the semiconductor company’s stock worth $21,545,000 after buying an additional 15,373 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Microchip Technology Trading Down 0.4 %

NASDAQ MCHP opened at $60.83 on Tuesday. The company has a 50-day moving average of $56.74 and a 200-day moving average of $67.88. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.25 and a quick ratio of 1.23. Microchip Technology Incorporated has a 12 month low of $50.21 and a 12 month high of $100.57. The company has a market cap of $32.72 billion, a P/E ratio of 108.63 and a beta of 1.50.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.13 EPS 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 analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Monday, February 24th will be issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Monday, February 24th. Microchip Technology’s payout ratio is currently 325.00%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MCHP. TD Cowen dropped their target price on shares of Microchip Technology from $80.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Jefferies Financial Group dropped their price objective on shares of Microchip Technology from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Raymond James restated a “strong-buy” rating and set a $60.00 price objective (down from $95.00) on shares of Microchip Technology in a research report on Friday, February 7th. Needham & Company LLC lowered their target price on Microchip Technology from $85.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Finally, KeyCorp dropped their price target on Microchip Technology from $70.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $77.11.

Microchip Technology Company 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.