Yousif Capital Management LLC grew its holdings in shares of Microchip Technologies Incorporated (NASDAQ:MCHP – Get Rating) by three.two% in the 4th quarter, according to its most current 13F filing with the Securities & Exchange Commission. The fund owned 81,317 shares of the semiconductor company’s stock just after buying an extra two,491 shares throughout the quarter. Yousif Capital Management LLC’s holdings in Microchip Technologies had been worth $five,713,000 as of its most current filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also lately added to or lowered their stakes in the corporation. Vanguard Group Inc. improved its holdings in Microchip Technologies by .six% in the 3rd quarter. Vanguard Group Inc. now owns 65,524,560 shares of the semiconductor company’s stock worth $three,998,964,000 just after acquiring an extra 417,578 shares in the final quarter. Dodge & Cox improved its holdings in Microchip Technologies by 1.7% in the 2nd quarter. Dodge & Cox now owns 32,228,436 shares of the semiconductor company’s stock worth $1,871,828,000 just after acquiring an extra 551,092 shares in the final quarter. Macquarie Group Ltd. improved its holdings in Microchip Technologies by 1.six% in the 3rd quarter. Macquarie Group Ltd. now owns eight,517,994 shares of the semiconductor company’s stock worth $519,852,000 just after acquiring an extra 131,879 shares in the final quarter. Boston Partners improved its holdings in Microchip Technologies by 17.two% in the 3rd quarter. Boston Partners now owns 7,665,626 shares of the semiconductor company’s stock worth $467,751,000 just after acquiring an extra 1,123,669 shares in the final quarter. Lastly, Northern Trust Corp improved its holdings in Microchip Technologies by 1.7% in the 1st quarter. Northern Trust Corp now owns 7,553,578 shares of the semiconductor company’s stock worth $567,576,000 just after acquiring an extra 123,806 shares in the final quarter. 89.85% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysis firms have weighed in on MCHP. Credit Suisse Group upped their cost target on Microchip Technologies from $85.00 to $98.00 and gave the stock a “neutral” rating in a analysis note on Friday, February 3rd. Mizuho improved their target cost on Microchip Technologies from $72.00 to $79.00 and gave the corporation a “neutral” rating in a analysis report on Friday, February 3rd. Truist Monetary improved their cost target on Microchip Technologies from $85.00 to $94.00 and gave the corporation a “get” rating in a report on Friday, February 3rd. StockNews.com initiated coverage on Microchip Technologies in a report on Thursday. They set a “get” rating on the stock. Lastly, Raymond James improved their target cost on Microchip Technologies from $90.00 to $105.00 and gave the stock a “sturdy-get” rating in a analysis note on Friday, February 3rd. 5 investment analysts have rated the stock with a hold rating, twelve have issued a get rating and 1 has assigned a sturdy get rating to the company’s stock. Primarily based on information from MarketBeat.com, the corporation at the moment has a consensus rating of “Moderate Invest in” and a consensus target cost of $90.58.
Microchip Technologies Value Functionality
Shares of MCHP stock opened at $80.71 on Friday. Microchip Technologies Incorporated has a 1-year low of $54.33 and a 1-year higher of $87.76. The stock’s 50-day moving typical is $80.21 and its 200 day moving typical is $72.23. The corporation has a industry cap of $44.21 billion, a P/E ratio of 21.87, a PEG ratio of .83 and a beta of 1.58. The corporation has a debt-to-equity ratio of 1.04, a present ratio of 1.76 and a fast ratio of 1.04.
Microchip Technologies Increases Dividend
The small business also lately disclosed a quarterly dividend, which was paid on Tuesday, March 7th. Investors of record on Tuesday, February 21st had been provided a dividend of $.358 per share. The ex-dividend date of this dividend was Friday, February 17th. This represents a $1.43 dividend on an annualized basis and a yield of 1.77%. This is an improve from Microchip Technology’s preceding quarterly dividend of $.33. Microchip Technology’s dividend payout ratio (DPR) is presently 38.75%.
About Microchip Technologies
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Microchip Technologies, Inc engages in the provision of semiconductor solutions. It operates by means of the Semiconductor Items and Technologies Licensing segments. The Semiconductor Items segment is involved in designing, creating, manufacturing, and advertising and marketing microcontrollers, improvement tools and analog, interface, mixed signal, connectivity devices, and timing solutions.
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