LM Advisors LLC Makes New $651,000 Investment in Microchip Technology Incorporated (NASDAQ:MCHP)

LM Advisors LLC acquired a new position in Microchip Technology Incorporated (NASDAQ:MCHP) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 11,351 shares of the semiconductor company’s stock, valued at approximately $651,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Pallas Capital Advisors LLC acquired a new stake in Microchip Technology during the 4th quarter valued at approximately $5,917,000. Consolidated Planning Corp acquired a new position in Microchip Technology during the fourth quarter valued at $308,000. Quadrature Capital Ltd purchased a new stake in Microchip Technology in the third quarter valued at $3,312,000. Symphony Financial Ltd. Co. acquired a new stake in Microchip Technology during the 4th quarter worth about $520,000. Finally, one8zero8 LLC acquired a new position in shares of Microchip Technology in the 4th quarter valued at about $384,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Transactions at Microchip Technology

In other news, CFO James Eric Bjornholt sold 3,724 shares of Microchip Technology stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $60.88, for a total transaction of $226,717.12. Following the sale, the chief financial officer now owns 33,272 shares in the company, valued at approximately $2,025,599.36. The trade was a 10.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Needham & Company LLC raised their price objective on shares of Microchip Technology from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Evercore ISI raised their price target on shares of Microchip Technology from $65.00 to $71.00 and gave the company an “outperform” rating in a research report on Tuesday, March 4th. Mizuho upped their price objective on shares of Microchip Technology from $58.00 to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. StockNews.com cut Microchip Technology from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Finally, KeyCorp reduced their price target on Microchip Technology from $70.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Microchip Technology currently has an average rating of “Moderate Buy” and an average target price of $74.37.

Microchip Technology Price Performance

MCHP stock opened at $52.17 on Thursday. The business’s fifty day moving average price is $55.94 and its 200 day moving average price is $64.26. Microchip Technology Incorporated has a 12-month low of $49.92 and a 12-month high of $100.57. 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 company has a market capitalization of $28.06 billion, a PE ratio of 93.16 and a beta of 1.52.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.15). Microchip Technology had a net margin of 6.49% and a return on equity of 12.62%. On average, sell-side analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Monday, February 24th. Microchip Technology’s dividend payout ratio (DPR) is 325.00%.

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.