SPF Beheer BV increased its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 6.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 983,010 shares of the semiconductor company’s stock after purchasing an additional 59,599 shares during the period. Microchip Technology makes up approximately 3.7% of SPF Beheer BV’s portfolio, making the stock its 4th largest position. SPF Beheer BV owned about 0.42% of Microchip Technology worth $88,255,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in Microchip Technology by 66.5% during the second quarter. Principal Financial Group Inc. now owns 6,276,677 shares of the semiconductor company’s stock worth $484,434,000 after purchasing an additional 2,507,707 shares in the last quarter. Fox Run Management L.L.C. increased its holdings in Microchip Technology by 248.8% in the third quarter. Fox Run Management L.L.C. now owns 15,000 shares of the semiconductor company’s stock valued at $1,347,000 after buying an additional 10,700 shares in the last quarter. Nicolet Bankshares Inc. increased its holdings in Microchip Technology by 0.3% in the second quarter. Nicolet Bankshares Inc. now owns 3,641 shares of the semiconductor company’s stock valued at $281,000 after buying an additional 11 shares in the last quarter. 361 Capital LLC increased its holdings in Microchip Technology by 35.3% in the second quarter. 361 Capital LLC now owns 48,830 shares of the semiconductor company’s stock valued at $3,769,000 after buying an additional 12,730 shares in the last quarter. Finally, Norinchukin Bank The increased its holdings in Microchip Technology by 13.2% in the second quarter. Norinchukin Bank The now owns 15,920 shares of the semiconductor company’s stock valued at $1,229,000 after buying an additional 1,857 shares in the last quarter.

Microchip Technology Incorporated (NASDAQ:MCHP) traded up $0.09 during trading on Tuesday, reaching $91.39. 1,460,400 shares of the company traded hands, compared to its average volume of 2,537,684. Microchip Technology Incorporated has a 12-month low of $60.77 and a 12-month high of $95.92. The stock has a market cap of $21,270.00, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. The company has a debt-to-equity ratio of 0.85, a current ratio of 3.33 and a quick ratio of 2.71.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Monday, November 6th. The semiconductor company reported $1.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.14. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. Microchip Technology had a net margin of 16.23% and a return on equity of 35.48%. The company’s revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 EPS. sell-side analysts predict that Microchip Technology Incorporated will post 5.12 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 21st will be given a $0.3625 dividend. The ex-dividend date is Monday, November 20th. This represents a $1.45 annualized dividend and a dividend yield of 1.59%. This is an increase from Microchip Technology’s previous quarterly dividend of $0.36. Microchip Technology’s payout ratio is presently 58.00%.

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MCHP has been the subject of a number of recent research reports. J P Morgan Chase & Co reissued an “overweight” rating and set a $120.00 price objective on shares of Microchip Technology in a research note on Tuesday, November 7th. Needham & Company LLC raised their price objective on shares of Microchip Technology from $120.00 to $130.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, November 7th. Stifel Nicolaus reissued a “buy” rating and set a $100.00 price objective (up from $94.00) on shares of Microchip Technology in a research note on Tuesday, November 7th. B. Riley reissued a “buy” rating and set a $123.00 price objective (up from $120.00) on shares of Microchip Technology in a research note on Tuesday, November 7th. Finally, Jefferies Group LLC raised their price objective on shares of Microchip Technology from $106.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Five equities research 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 company. The company has an average rating of “Buy” and an average target price of $99.41.

Microchip Technology Profile

Microchip Technology Incorporated is engaged in developing, manufacturing and selling specialized semiconductor products used by its customers for a range of embedded control applications. The Company operates through two segments: semiconductor products and technology licensing. In the semiconductor products segment, the Company designs, develops, manufactures and markets microcontrollers, development tools and analog, interface, mixed signal and timing products.

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

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