Lyons Wealth Management LLC. raised its stake in Microchip Technology Inc. (NASDAQ:MCHP) by 108.5% during the fourth quarter, HoldingsChannel reports. The firm owned 5,511 shares of the semiconductor company’s stock after purchasing an additional 2,868 shares during the quarter. Lyons Wealth Management LLC.’s holdings in Microchip Technology were worth $479,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Fox Run Management L.L.C. increased its holdings in shares of Microchip Technology by 248.8% in the 3rd quarter. Fox Run Management L.L.C. now owns 15,000 shares of the semiconductor company’s stock valued at $1,347,000 after acquiring an additional 10,700 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Microchip Technology by 9.3% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 130,249 shares of the semiconductor company’s stock valued at $11,694,000 after acquiring an additional 11,068 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Microchip Technology by 0.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 370,733 shares of the semiconductor company’s stock valued at $33,284,000 after acquiring an additional 2,861 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Microchip Technology by 26.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 96,400 shares of the semiconductor company’s stock valued at $8,655,000 after acquiring an additional 20,000 shares during the last quarter. Finally, Cordasco Financial Network increased its holdings in shares of Microchip Technology by 15.0% in the 3rd quarter. Cordasco Financial Network now owns 25,207 shares of the semiconductor company’s stock valued at $2,263,000 after acquiring an additional 3,279 shares during the last quarter.

In other Microchip Technology news, CFO James Eric Bjornholt sold 1,801 shares of Microchip Technology stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $91.66, for a total value of $165,079.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Stephen V. Drehobl sold 2,852 shares of Microchip Technology stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $91.66, for a total value of $261,414.32. Following the completion of the transaction, the vice president now owns 15,767 shares in the company, valued at $1,445,203.22. The disclosure for this sale can be found here. Company insiders own 2.13% of the company’s stock.

A number of research firms have recently commented on MCHP. Jefferies Group increased their price objective on Microchip Technology from $106.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. B. Riley reiterated a “buy” rating and issued a $123.00 price objective (up previously from $120.00) on shares of Microchip Technology in a report on Tuesday, November 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 price objective (up previously from $94.00) on shares of Microchip Technology in a report on Tuesday, November 7th. Needham & Company LLC increased their price objective on Microchip Technology from $120.00 to $130.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 7th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a $120.00 price target on shares of Microchip Technology in a research note on Tuesday, November 7th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $102.35.

Microchip Technology Inc. (MCHP) opened at $83.02 on Tuesday. The stock has a market capitalization of $18,991.17, a P/E ratio of 16.14, a P/E/G ratio of 1.08 and a beta of 1.05. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.33 and a current ratio of 2.98. Microchip Technology Inc. has a 12 month low of $70.18 and a 12 month high of $99.17.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.01. The firm had revenue of $994.10 million for the quarter, compared to the consensus estimate of $992.10 million. Microchip Technology had a return on equity of 36.54% and a net margin of 6.33%. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS. analysts expect that Microchip Technology Inc. will post 5.13 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Wednesday, February 21st will be paid a $0.363 dividend. This is an increase from Microchip Technology’s previous quarterly dividend of $0.36. This represents a $1.45 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, February 20th. Microchip Technology’s dividend payout ratio (DPR) is 149.49%.

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Microchip Technology Company 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.

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

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