PNC Monetary Providers Group Inc. lowered its stake in Microchip Know-how Integrated (NASDAQ:MCHP – Free Report) by 0.8% within the third quarter, in accordance with its most up-to-date submitting with the SEC. The fund owned 133,287 shares of the semiconductor firm’s inventory after promoting 1,091 shares through the interval. PNC Monetary Providers Group Inc.’s holdings in Microchip Know-how had been price $10,702,000 as of its most up-to-date SEC submitting.
Different institutional buyers have additionally modified their holdings of the corporate. B. Metzler seel. Sohn & Co. Holding AG purchased a brand new place in shares of Microchip Know-how within the third quarter price about $2,203,000. Princeton Capital Administration LLC elevated its place in Microchip Know-how by 2.8% within the third quarter. Princeton Capital Administration LLC now owns 28,518 shares of the semiconductor firm’s inventory price $2,290,000 after shopping for a further 786 shares through the interval. Prospera Monetary Providers Inc lifted its stake in Microchip Know-how by 21.3% within the third quarter. Prospera Monetary Providers Inc now owns 63,522 shares of the semiconductor firm’s inventory valued at $5,100,000 after shopping for a further 11,161 shares over the last quarter. Quest Companions LLC boosted its holdings in shares of Microchip Know-how by 463,300.0% through the third quarter. Quest Companions LLC now owns 4,634 shares of the semiconductor firm’s inventory valued at $372,000 after buying a further 4,633 shares through the interval. Lastly, TrinityPoint Wealth LLC grew its place in shares of Microchip Know-how by 6.6% through the third quarter. TrinityPoint Wealth LLC now owns 4,883 shares of the semiconductor firm’s inventory price $392,000 after buying a further 303 shares over the last quarter. Institutional buyers and hedge funds personal 91.51% of the corporate’s inventory.
Microchip Know-how Inventory Up 1.0 %
MCHP inventory opened at $66.69 on Friday. The corporate has a debt-to-equity ratio of 0.71, a present ratio of 0.88 and a fast ratio of 0.48. The agency has a market capitalization of $35.81 billion, a P/E ratio of 46.64 and a beta of 1.53. Microchip Know-how Integrated has a 52-week low of $62.63 and a 52-week excessive of $100.57. The corporate’s 50 day easy shifting common is $74.59 and its 200-day easy shifting common is $83.24.
Microchip Know-how (NASDAQ:MCHP – Get Free Report) final introduced its earnings outcomes on Tuesday, November fifth. The semiconductor firm reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. Microchip Know-how had a internet margin of 14.22% and a return on fairness of 19.47%. The corporate had income of $1.16 billion for the quarter, in comparison with the consensus estimate of $1.15 billion. Throughout the identical interval within the earlier yr, the enterprise earned $1.54 EPS. The corporate’s income was down 48.4% on a year-over-year foundation. As a bunch, equities analysis analysts anticipate that Microchip Know-how Integrated will put up 1.38 EPS for the present yr.
Microchip Know-how Will increase Dividend
The corporate additionally lately disclosed a quarterly dividend, which will probably be paid on Friday, December sixth. Traders of report on Friday, November twenty second will probably be issued a $0.455 dividend. The ex-dividend date is Friday, November twenty second. This represents a $1.82 dividend on an annualized foundation and a yield of two.73%. This is a rise from Microchip Know-how’s earlier quarterly dividend of $0.45. Microchip Know-how’s dividend payout ratio is at present 127.27%.
Wall Road Analyst Weigh In
A number of brokerages have lately issued reviews on MCHP. JPMorgan Chase & Co. decreased their value goal on Microchip Know-how from $110.00 to $100.00 and set an “obese” score for the corporate in a analysis report on Friday, August 2nd. Needham & Firm LLC decreased their value goal on Microchip Know-how from $96.00 to $85.00 and set a “purchase” score for the corporate in a analysis notice on Wednesday, November sixth. Citigroup reduce their value goal on shares of Microchip Know-how from $92.00 to $82.00 and set a “purchase” score on the inventory in a analysis notice on Wednesday, November sixth. Financial institution of America lowered shares of Microchip Know-how from a “purchase” score to a “impartial” score and decreased their goal value for the corporate from $110.00 to $90.00 in a analysis report on Friday, August 2nd. Lastly, Susquehanna dropped their value goal on shares of Microchip Know-how from $95.00 to $90.00 and set a “optimistic” score on the inventory in a analysis report on Wednesday, November sixth. One analyst has rated the inventory with a promote score, 5 have assigned a maintain score and fourteen have assigned a purchase score to the inventory. In keeping with MarketBeat, Microchip Know-how presently has a median score of “Average Purchase” and a median value goal of $92.00.
View Our Newest Evaluation on MCHP
About Microchip Know-how
Microchip Know-how Integrated engages within the growth, manufacture, and sale of good, related, and safe embedded management options within the Americas, Europe, and Asia. The corporate gives common function 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialised microcontrollers for automotive, industrial, computing, communications, lighting, energy provides, motor management, human machine interface, safety, wired connectivity, and wi-fi connectivity functions.
Beneficial Tales
Obtain Information & Scores for Microchip Know-how Every day – Enter your electronic mail tackle beneath to obtain a concise each day abstract of the most recent information and analysts’ rankings for Microchip Know-how and associated firms with MarketBeat.com’s FREE each day electronic mail e-newsletter.
