Coho Partners Ltd. lessened its stake in Microchip Technologies Incorporated (NASDAQ:MCHP – Get Rating) by .1% throughout the fourth quarter, according to the corporation in its most current 13F filing with the SEC. The institutional investor owned three,716,635 shares of the semiconductor company’s stock just after promoting four,242 shares throughout the quarter. Microchip Technologies tends to make up about four.four% of Coho Partners Ltd.’s holdings, generating the stock its 6th greatest holding. Coho Partners Ltd. owned about .68% of Microchip Technologies worth $261,094,000 at the finish of the most current reporting period.
A quantity of other institutional investors have also modified their holdings of MCHP. Householder Group Estate & Retirement Specialist LLC purchased a new position in Microchip Technologies throughout the 3rd quarter worth $25,000. MV Capital Management Inc. boosted its holdings in shares of Microchip Technologies by 157.1% in the third quarter. MV Capital Management Inc. now owns 432 shares of the semiconductor company’s stock valued at $26,000 just after acquiring an extra 264 shares in the final quarter. Almanack Investment Partners LLC. acquired a new position in shares of Microchip Technologies throughout the third quarter valued at about $29,000. CoreCap Advisors LLC purchased a new stake in Microchip Technologies throughout the second quarter worth about $34,000. Ultimately, FinTrust Capital Advisors LLC lifted its position in Microchip Technologies by 78.1% in the third quarter. FinTrust Capital Advisors LLC now owns 570 shares of the semiconductor company’s stock worth $34,000 just after acquiring an extra 250 shares throughout the period. Institutional investors and hedge funds personal 89.85% of the company’s stock.
Analyst Ratings Adjustments
A quantity of analysts have lately commented on the corporation. Raymond James boosted their value objective on Microchip Technologies from $90.00 to $105.00 and gave the stock a “sturdy-purchase” rating in a investigation note on Friday, February 3rd. Morgan Stanley upped their value target on shares of Microchip Technologies from $80.00 to $99.00 and gave the corporation an “overweight” rating in a report on Friday, February 3rd. StockNews.com started coverage on shares of Microchip Technologies in a investigation note on Thursday. They issued a “purchase” rating on the stock. Truist Economic elevated their target value on shares of Microchip Technologies from $85.00 to $94.00 and gave the corporation a “purchase” rating in a investigation note on Friday, February 3rd. Ultimately, Susquehanna lifted their value target on shares of Microchip Technologies from $85.00 to $one hundred.00 and gave the stock a “optimistic” rating in a investigation report on Friday, February 3rd. 5 investment analysts have rated the stock with a hold rating, twelve have assigned a purchase rating and one particular has assigned a sturdy purchase rating to the company’s stock. According to information from MarketBeat.com, the corporation has an typical rating of “Moderate Invest in” and an typical value target of $90.58.
Microchip Technologies Stock Down 1.9 %
Microchip Technologies stock opened at $80.71 on Friday. Microchip Technologies Incorporated has a twelve month low of $54.33 and a twelve month higher of $87.76. The corporation has a debt-to-equity ratio of 1.04, a rapid ratio of 1.04 and a existing ratio of 1.76. The firm has a marketplace cap of $44.21 billion, a PE ratio of 21.87, a P/E/G ratio of .85 and a beta of 1.58. The firm’s 50 day moving typical value is $80.21 and its two-hundred day moving typical value is $72.23.
Microchip Technologies Increases Dividend
The corporation also lately disclosed a quarterly dividend, which was paid on Tuesday, March 7th. Investors of record on Tuesday, February 21st had been issued a dividend of $.358 per share. This represents a $1.43 annualized dividend and a dividend yield of 1.77%. This is a optimistic adjust from Microchip Technology’s earlier quarterly dividend of $.33. The ex-dividend date of this dividend was Friday, February 17th. Microchip Technology’s dividend payout ratio (DPR) is at the moment 38.75%.
Microchip Technologies Corporation Profile
Microchip Technologies, Inc engages in the provision of semiconductor items. It operates by means of the Semiconductor Goods and Technologies Licensing segments. The Semiconductor Goods segment is involved in designing, creating, manufacturing, and advertising and marketing microcontrollers, improvement tools and analog, interface, mixed signal, connectivity devices, and timing items.
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