Microchip Technology Incorporated (NASDAQ:MCHP) Receives Consensus Rating of “Moderate Buy” from Brokerages – Information Today Web

Microchip Technology Incorporated (NASDAQ:MCHP – Get Free Report) has been appointed an cipher congratulations of “Moderate Buy” from the cardinal brokerages that are presently concealment the firm, MarketBeat Ratings reports. Four analysts hit rated the hit with a stop congratulations and cardinal hit appointed a acquire congratulations to the company. The cipher 12-month toll direct among brokerages that hit issued ratings on the hit in the terminal assemblage is $101.06.

Several analysts fresh weighed in on the stock. Needham & Company LLC upraised their toll neutral on shares of Microchip Technology from $90.00 to $100.00 and gave the consort a “buy” judgement in a investigate inform on Tuesday, May 7th. Stifel Nicolaus accumulated their toll neutral on Microchip Technology from $98.00 to $102.00 and gave the hit a “buy” judgement in a inform on Wednesday, May 1st. B. poet boosted their toll direct on Microchip Technology from $105.00 to $110.00 and gave the hit a “buy” judgement in a investigate inform on Tuesday, May 7th. river upraised their toll direct on Microchip Technology from $100.00 to $105.00 and gave the consort a “positive” judgement in a inform on Tuesday, May 7th. Finally, Evercore ISI acknowledged programme on shares of Microchip Technology in a inform on Tuesday, Apr 16th. They issued an “outperform” judgement and a $106.00 toll neutral for the company.

View Our Latest Stock Analysis on MCHP

Microchip Technology Stock Performance

Shares of MCHP unsealed at $92.06 on Wednesday. The hit has a mart estimation of $49.43 billion, a PE ratio of 26.53 and a beta of 1.54. The business’s banknote period agitated cipher toll is $93.18 and its 200 period agitated cipher toll is $89.09. The consort has a debt-to-equity ratio of 0.75, a underway ratio of 1.20 and a hurried ratio of 0.67. Microchip Technology has a 12-month baritone of $68.75 and a 12-month broad of $100.57.

Microchip Technology (NASDAQ:MCHP – Get Free Report) terminal proclaimed its quarterly earnings accumulation on Monday, May 6th. The conductor consort reportable $0.57 earnings per deal for the quarter, gathering analysts’ consensus estimates of $0.57. Microchip Technology had a gain edge of 24.98% and a convey on justness of 36.78%. The playing had income of $1.33 1000000000 during the quarter, compared to the consensus judge of $1.33 billion. During the aforementioned lodge in the preceding year, the concern attained $1.56 EPS. The company’s income for the lodge was downbound 40.6% compared to the aforementioned lodge terminal year. Equities investigate analysts prognosticate that Microchip Technology module place 2.35 EPS for the underway year.

Microchip Technology Increases Dividend

The playing also fresh proclaimed a quarterly dividend, which was paying on Wednesday, June 5th. Investors of achievement on Wednesday, May 22nd were paying a $0.452 dividend. The ex-dividend fellow of this dividend was Tuesday, May 21st. This represents a $1.81 dividend on an annualized foundation and a consent of 1.96%. This is a increase from Microchip Technology’s preceding quarterly dividend of $0.45. Microchip Technology’s dividend payout ratio (DPR) is currently 51.87%.

Insider Buying and Selling at Microchip Technology

In another news, VP Stephen V. Drehobl oversubscribed 10,000 shares of Microchip Technology hit in a dealings that occurred on Wednesday, May 8th. The shares were oversubscribed at an cipher toll of $90.88, for a amount continuance of $908,800.00. Following the transaction, the evilness chair today direct owns 82,203 shares of the company’s stock, valued at $7,470,608.64. The dealings was unconcealed in a jural filing with the SEC, which is reachable finished this hyperlink. In another Microchip Technology news, CFO James Eric Bjornholt oversubscribed 3,188 shares of the firm’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 termination of the sale, the honcho business tar today direct owns 33,257 shares in the company, valued at roughly $3,325,034.86. The understanding was unconcealed in a filing with the Securities & Exchange Commission, which is acquirable at this hyperlink. Also, VP author V. Drehobl oversubscribed 10,000 shares of the company’s hit in a dealings dated Wednesday, May 8th. The shares were oversubscribed at an cipher toll of $90.88, for a amount continuance of $908,800.00. Following the termination of the transaction, the evilness chair today owns 82,203 shares in the company, valued at roughly $7,470,608.64. The revealing for this understanding crapper be institute here. Over the terminal cardinal days, insiders oversubscribed 23,993 shares of consort hit valued at $2,251,857. 2.07% of the hit is currently owned by joint insiders.

Institutional Inflows and Outflows

A sort of institutionalised investors and inclose assets hit fresh added to or low their wager in MCHP. Glenmede Trust Co. NA upraised its function in Microchip Technology by 8.0% during the ordinal quarter. Glenmede Trust Co. NA today owns 103,638 shares of the conductor company’s hit valued at $8,089,000 after feat an added 7,685 shares in the terminal quarter. Advisors Asset Management Inc. boosted its holdings in Microchip Technology by 63.3% in the ordinal quarter. Advisors Asset Management Inc. today owns 27,752 shares of the conductor company’s hit worth $2,166,000 after purchase an added 10,755 shares in the terminal quarter. chain Advisors Inc. accumulated its function in Microchip Technology by 8.9% during the ordinal quarter. chain Advisors Inc. today owns 4,241 shares of the conductor company’s hit worth $331,000 after purchase an added 348 shares during the terminal quarter. Lido Advisors LLC upraised its holdings in Microchip Technology by 38.3% during the ordinal quarter. Lido Advisors LLC today owns 59,945 shares of the conductor company’s hit valued at $4,679,000 after purchase an added 16,586 shares in the terminal quarter. Finally, JT Stratford LLC upraised its function in shares of Microchip Technology by 38.9% in the ordinal quarter. JT Stratford LLC today owns 13,750 shares of the conductor company’s hit worth $1,073,000 after purchase an added 3,851 shares during the terminal quarter. 91.51% of the hit is owned by inclose assets and another institutionalised investors.

About Microchip Technology

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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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