Microchip Technology Incorporated (NASDAQ:MCHP) Shares Acquired by Natixis Advisors L.P.

Natixis Advisors L.P. grew its position in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 238,801 shares of the semiconductor company's stock after purchasing an additional 24,200 shares during the quarter. Natixis Advisors L.P.'s holdings in Microchip Technology were worth $21,535,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bleakley Financial Group LLC increased its position in Microchip Technology by 1.3% during the fourth quarter. Bleakley Financial Group LLC now owns 9,415 shares of the semiconductor company's stock worth $849,000 after acquiring an additional 119 shares during the period. RFG Advisory LLC boosted its stake in Microchip Technology by 3.2% during the fourth quarter. RFG Advisory LLC now owns 3,910 shares of the semiconductor company's stock worth $353,000 after buying an additional 123 shares in the last quarter. Twelve Points Wealth Management LLC boosted its stake in Microchip Technology by 1.0% during the fourth quarter. Twelve Points Wealth Management LLC now owns 12,229 shares of the semiconductor company's stock worth $1,103,000 after buying an additional 125 shares in the last quarter. Merit Financial Group LLC boosted its stake in Microchip Technology by 1.9% during the third quarter. Merit Financial Group LLC now owns 7,096 shares of the semiconductor company's stock worth $554,000 after buying an additional 134 shares in the last quarter. Finally, Financial Advocates Investment Management boosted its stake in shares of Microchip Technology by 4.1% in the 3rd quarter. Financial Advocates Investment Management now owns 3,607 shares of the semiconductor company's stock valued at $281,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 91.51% of the company's stock.

Insider Transactions at Microchip Technology

In related news, CFO James Eric Bjornholt sold 1,970 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $83.90, for a total transaction of $165,283.00. Following the transaction, the chief financial officer now directly owns 32,893 shares of the company's stock, valued at $2,759,722.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Microchip Technology news, CFO James Eric Bjornholt sold 1,970 shares of Microchip Technology stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $83.90, for a total value of $165,283.00. Following the completion of the sale, the chief financial officer now directly owns 32,893 shares of the company's stock, valued at $2,759,722.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Karlton D. Johnson sold 370 shares of Microchip Technology stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $84.00, for a total transaction of $31,080.00. Following the completion of the sale, the director now directly owns 1,789 shares of the company's stock, valued at $150,276. The disclosure for this sale can be found here. 2.07% of the stock is owned by corporate insiders.

Microchip Technology Price Performance

NASDAQ:MCHP traded up $2.40 during trading hours on Monday, hitting $93.76. The company's stock had a trading volume of 7,233,477 shares, compared to its average volume of 5,624,807. The stock has a fifty day simple moving average of $88.27 and a 200-day simple moving average of $85.25. The company has a market capitalization of $50.67 billion, a P/E ratio of 21.91, a PEG ratio of 2.79 and a beta of 1.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.58. Microchip Technology Incorporated has a twelve month low of $68.75 and a twelve month high of $94.63.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last announced its quarterly earnings results on Monday, May 6th. The semiconductor company reported $0.57 EPS for the quarter, meeting analysts' consensus estimates of $0.57. Microchip Technology had a return on equity of 45.59% and a net margin of 27.59%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm posted $1.56 earnings per share. The business's revenue for the quarter was down 40.6% on a year-over-year basis. On average, analysts anticipate that Microchip Technology Incorporated will post 4.64 EPS for the current fiscal year.

Microchip Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd will be given a dividend of $0.452 per share. This represents a $1.81 dividend on an annualized basis and a dividend yield of 1.93%. This is an increase from Microchip Technology's previous quarterly dividend of $0.45. Microchip Technology's dividend payout ratio (DPR) is 42.06%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MCHP. Susquehanna restated a "positive" rating and issued a $100.00 target price on shares of Microchip Technology in a research note on Monday, April 8th. Evercore ISI began coverage on Microchip Technology in a research note on Tuesday, April 16th. They issued an "outperform" rating and a $106.00 price target for the company. TD Cowen upped their price target on Microchip Technology from $75.00 to $80.00 and gave the stock a "market perform" rating in a research report on Friday, February 2nd. The Goldman Sachs Group cut their price objective on Microchip Technology from $87.00 to $77.00 and set a "neutral" rating for the company in a report on Friday, February 2nd. Finally, Needham & Company LLC increased their price objective on Microchip Technology from $85.00 to $90.00 and gave the company a "buy" rating in a report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Microchip Technology currently has a consensus rating of "Moderate Buy" and an average price target of $92.75.

Microchip Technology Profile

Microchip Technology Incorporated develops, manufactures, and sells 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 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.