EntryPoint Capital LLC Has $54,000 Stake in Microchip Technology Incorporated (NASDAQ:MCHP) – Information Important Internet

EntryPoint Capital LLC baritone its function in shares of Microchip Technology Incorporated (NASDAQ:MCHP – Free Report) by 56.8% in the 1st quarter, according to the consort in its most past 13F filing with the Securities and Exchange Commission. The money owned 600 shares of the conductor company’s hit after commerce 790 shares during the period. EntryPoint Capital LLC’s holdings in Microchip Technology were worth $54,000 as of its most past filing with the Securities and Exchange Commission.

Other institutionalised investors hit also added to or baritone their wager in the company. Rakuten Securities Inc. acquired a newborn wager in shares of Microchip Technology during the ordinal lodge worth $27,000. Rise Advisors LLC bought a newborn function in Microchip Technology during the prototypal lodge worth most $28,000. Pineridge Advisors LLC acquired a newborn wager in Microchip Technology in the 4th lodge worth most $33,000. Steph & Co. boosted its holdings in Microchip Technology by 57.4% in the 1st quarter. Steph & Co. today owns 414 shares of the conductor company’s hit valued at $37,000 after purchase an added 151 shares during the period. Finally, Bfsg LLC acquired a newborn function in shares of Microchip Technology during the 4th lodge worth roughly $45,000. 91.51% of the hit is currently owned by institutionalised investors.

Microchip Technology Price Performance

Shares of NASDAQ:MCHP unsealed at $86.83 on Friday. The consort has a debt-to-equity ratio of 0.75, a hurried ratio of 0.67 and a underway ratio of 1.20. Microchip Technology Incorporated has a 52 hebdomad baritone of $68.75 and a 52 hebdomad broad of $100.57. The concern has a mart container of $46.59 billion, a PE ratio of 25.02 and a beta of 1.54. The firm’s banknote period agitated cipher is $92.96 and its 200-day agitated cipher is $89.45.

Microchip Technology (NASDAQ:MCHP – Get Free Report) terminal free its quarterly earnings results on Monday, May 6th. The conductor consort reportable $0.57 EPS for the quarter, gathering analysts’ consensus estimates of $0.57. The concern had income of $1.33 1000000000 for the quarter, compared to shrink estimates of $1.33 billion. Microchip Technology had a convey on justness of 36.78% and a gain edge of 24.98%. The business’s income was downbound 40.6% on a year-over-year basis. During the aforementioned lodge in the preceding year, the consort posted $1.56 EPS. Sell-side analysts prognosticate that Microchip Technology Incorporated module place 2.35 earnings per deal for the underway year.

Microchip Technology Increases Dividend

The playing also fresh proclaimed a quarterly dividend, which was paying on Wednesday, June 5th. Shareholders of achievement on Wednesday, May 22nd were paying a $0.452 dividend. This is an process from Microchip Technology’s preceding quarterly dividend of $0.45. This represents a $1.81 annualized dividend and a consent of 2.08%. The ex-dividend fellow of this dividend was Tuesday, May 21st. Microchip Technology’s payout ratio is 52.16%.

Analyst Ratings Changes

MCHP has been the person of individual past investigate reports. The nihilist Sachs Group boosted their toll direct on Microchip Technology from $77.00 to $88.00 and gave the consort a “neutral” judgement in a investigate state on Tuesday, May 7th. UBS Group upraised their direct toll on shares of Microchip Technology from $95.00 to $103.00 and gave the consort a “buy” judgement in a inform on Tuesday, May 7th. Jefferies Financial Group initiated programme on shares of Microchip Technology in a investigate inform on Monday, May 13th. They issued a “buy” judgement and a $115.00 direct toll for the company. Truist Financial raised their toll neutral on shares of Microchip Technology from $93.00 to $96.00 and gave the consort a “buy” judgement in a investigate state on Tuesday, May 7th. Finally, Mizuho upgraded Microchip Technology from a “neutral” judgement to a “buy” judgement and upped their direct toll for the hit from $85.00 to $115.00 in a investigate state on Friday, May 24th. Six analysts hit rated the hit with a stop judgement and cardinal hit issued a acquire judgement to the company. According to MarketBeat.com, Microchip Technology currently has an cipher judgement of “Moderate Buy” and a consensus direct toll of $102.17.

Check Out Our Latest Analysis on MCHP

Insider Activity

In attendant news, CFO James Eric Bjornholt oversubscribed 3,188 shares of the business’s hit in a dealings dated Thursday, May 23rd. The hit was oversubscribed at an cipher toll of $99.98, for a amount continuance of $318,736.24. Following the termination of the sale, the honcho business tar today direct owns 33,257 shares of the company’s stock, valued at roughly $3,325,034.86. The understanding was unconcealed in a filing with the Securities & Exchange Commission, which is reachable finished this link. In another news, Director Gospels W. pioneer oversubscribed 2,748 shares of Microchip Technology hit in a dealings dated Monday, June 10th. The shares were oversubscribed at an cipher toll of $93.88, for a amount dealings of $257,982.24. Following the termination of the transaction, the administrator today direct owns 35,682 shares in the company, valued at $3,349,826.16. The understanding was unconcealed in a filing with the Securities & Exchange Commission, which crapper be accessed finished this link. Also, CFO James Eric Bjornholt oversubscribed 3,188 shares of the business’s hit in a dealings dated Thursday, May 23rd. The hit was oversubscribed at an cipher toll of $99.98, for a amount dealings of $318,736.24. Following the sale, the honcho business tar today direct owns 33,257 shares of the company’s stock, valued at $3,325,034.86. The revealing for this understanding crapper be institute here. Over the terminal 90 days, insiders hit oversubscribed 23,993 shares of consort hit worth $2,251,857. Company insiders possess 2.07% of the company’s stock.

Microchip Technology Profile

(Free Report)

Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and bonded embedded curb solutions in the Americas, Europe, and Asia. The consort offers generalized determine 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit embedded mixed-signal microprocessors; and special microcontrollers for automotive, industrial, computing, communications, lighting, noesis supplies, locomote control, manlike organisation interface, security, connected connectivity, and wireless connectivity applications.

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