Free Trial

Commerzbank Aktiengesellschaft FI Has $1.17 Million Position in Microchip Technology Incorporated (NASDAQ:MCHP)

Microchip Technology logo with Computer and Technology background

Commerzbank Aktiengesellschaft FI lifted its holdings in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 79.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,060 shares of the semiconductor company's stock after buying an additional 10,638 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Microchip Technology were worth $1,165,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Garde Capital Inc. acquired a new stake in shares of Microchip Technology in the 1st quarter worth $30,000. Millstone Evans Group LLC purchased a new position in shares of Microchip Technology in the 4th quarter valued at about $34,000. Orion Capital Management LLC purchased a new position in shares of Microchip Technology in the 4th quarter valued at about $41,000. Byrne Asset Management LLC purchased a new stake in Microchip Technology during the 1st quarter worth approximately $41,000. Finally, Aster Capital Management DIFC Ltd increased its stake in Microchip Technology by 399.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 809 shares of the semiconductor company's stock worth $46,000 after buying an additional 647 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microchip Technology

In other news, Director Karlton D. Johnson sold 494 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $60.69, for a total transaction of $29,980.86. Following the completion of the transaction, the director directly owned 3,468 shares of the company's stock, valued at approximately $210,472.92. This trade represents a 12.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James Eric Bjornholt sold 2,015 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $55.78, for a total transaction of $112,396.70. Following the completion of the transaction, the chief financial officer directly owned 34,313 shares of the company's stock, valued at approximately $1,913,979.14. This represents a 5.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.94% of the company's stock.

Microchip Technology Trading Up 0.6%

Shares of NASDAQ:MCHP traded up $0.48 during mid-day trading on Friday, hitting $74.78. The stock had a trading volume of 5,239,358 shares, compared to its average volume of 8,966,605. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.47 and a current ratio of 2.59. The company has a market cap of $40.36 billion, a PE ratio of -7,478.00, a P/E/G ratio of 2.23 and a beta of 1.52. Microchip Technology Incorporated has a 12-month low of $34.13 and a 12-month high of $93.23. The company's 50 day moving average is $66.82 and its 200-day moving average is $56.90.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. Microchip Technology had a negative net margin of 0.01% and a positive return on equity of 8.55%. The business had revenue of $970.50 million for the quarter, compared to the consensus estimate of $962.86 million. During the same quarter last year, the firm earned $0.57 EPS. Microchip Technology's revenue for the quarter was down 26.8% on a year-over-year basis. On average, sell-side analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were given a $0.455 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $1.82 annualized dividend and a yield of 2.43%. Microchip Technology's dividend payout ratio is -18,200.00%.

Analyst Ratings Changes

A number of research firms recently commented on MCHP. Citigroup upped their price objective on Microchip Technology from $68.00 to $90.00 and gave the company a "buy" rating in a report on Monday, July 7th. Rosenblatt Securities increased their target price on Microchip Technology from $63.00 to $70.00 and gave the company a "buy" rating in a report on Friday, May 30th. B. Riley raised their price objective on Microchip Technology from $60.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, May 9th. UBS Group raised their price objective on Microchip Technology from $65.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, Morgan Stanley increased their target price on shares of Microchip Technology from $39.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Six investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Microchip Technology has a consensus rating of "Moderate Buy" and an average target price of $75.70.

View Our Latest Stock Analysis on MCHP

Microchip Technology Company Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Microchip Technology (NASDAQ:MCHP)

Should You Invest $1,000 in Microchip Technology Right Now?

Before you consider Microchip Technology, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Microchip Technology wasn't on the list.

While Microchip Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Options Trading Made Easy - Download Now Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Why Drone Stocks Are Skyrocketing Right Now!
Pelosi Makes Big Bet on Broadcom—Here’s Why It Matters
This Strategy Beat the S&P—And Most Investors Ignore It

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines