V Square Quantitative Management LLC Buys 1,215 Shares of Microchip Technology Incorporated (NASDAQ:MCHP)

V Square Quantitative Management LLC lifted its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 30.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,145 shares of the semiconductor company’s stock after acquiring an additional 1,215 shares during the quarter. V Square Quantitative Management LLC’s holdings in Microchip Technology were worth $295,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Prospera Private Wealth LLC bought a new stake in shares of Microchip Technology during the 3rd quarter worth about $29,000. Financial Life Planners bought a new stake in shares of Microchip Technology during the 4th quarter worth about $32,000. Peterson Financial Group Inc. bought a new stake in shares of Microchip Technology during the 3rd quarter worth about $34,000. Truvestments Capital LLC acquired a new position in shares of Microchip Technology during the 3rd quarter worth about $34,000. Finally, Hobbs Group Advisors LLC lifted its position in shares of Microchip Technology by 390.6% during the 3rd quarter. Hobbs Group Advisors LLC now owns 628 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

MCHP has been the subject of several research analyst reports. StockNews.com cut Microchip Technology from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Mizuho cut their price objective on Microchip Technology from $85.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. B. Riley reissued a “buy” rating and set a $75.00 price objective (down previously from $85.00) on shares of Microchip Technology in a research report on Friday, February 7th. KeyCorp cut their price objective 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. Finally, Raymond James reissued a “strong-buy” rating and set a $60.00 price objective (down previously from $95.00) on shares of Microchip Technology in a research report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.11.

Microchip Technology Trading Up 2.8 %

Shares of MCHP opened at $55.76 on Monday. Microchip Technology Incorporated has a 1 year low of $50.21 and a 1 year high of $100.57. The company has a current ratio of 0.88, a quick ratio of 0.48 and a debt-to-equity ratio of 0.71. The stock has a 50 day simple moving average of $56.79 and a 200-day simple moving average of $68.69. The stock has a market cap of $29.99 billion, a PE ratio of 99.57 and a beta of 1.50.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.15). Microchip Technology had a return on equity of 12.41% and a net margin of 6.49%. On average, sell-side analysts predict that Microchip Technology Incorporated will post 1.3 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Monday, February 24th will be given a dividend of $0.455 per share. The ex-dividend date is Monday, February 24th. This represents a $1.82 dividend on an annualized basis and a yield of 3.26%. Microchip Technology’s dividend payout ratio (DPR) is presently 325.00%.

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.