Park Place Capital Corp Acquires 2,651 Shares of Microchip Technology Incorporated (NASDAQ:MCHP) – Notice Important Online

Park Place Capital Corp accumulated its wager in shares of Microchip Technology Incorporated (NASDAQ:MCHP – Free Report) by 267.0% during the prototypal quarter, according to the consort in its most past filing with the SEC. The money owned 3,644 shares of the conductor company’s hit after feat an added 2,651 shares during the period. Park Place Capital Corp’s holdings in Microchip Technology were worth $327,000 as of its most past filing with the SEC.

Other institutionalised investors and inclose assets hit also restricted their holdings of the company. Claro Advisors LLC grew its holdings in shares of Microchip Technology by 24.3% during the 1st quarter. Claro Advisors LLC today owns 4,699 shares of the conductor company’s hit worth $422,000 after purchase an added 920 shares in the terminal quarter. Deltec Asset Management LLC acquired a newborn wager in shares of Microchip Technology in the prototypal lodge valued at roughly $897,000. histrion Capital Management LLC acquired a newborn function in Microchip Technology during the 1st lodge valued at most $45,000. Founders Financial Securities LLC bought a newborn wager in shares of Microchip Technology during the 1st lodge valued at $688,000. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in Microchip Technology by 10.4% during the prototypal quarter. Hennion & Walsh Asset Management Inc. today owns 48,994 shares of the conductor company’s hit worth $4,395,000 after purchase an added 4,625 shares during the terminal quarter. 91.51% of the hit is currently owned by institutionalised investors and inclose funds.

Analyst Upgrades and Downgrades

Several investigate analysts hit fresh weighed in on MCHP shares. Mizuho upgraded shares of Microchip Technology from a “neutral” judgement to a “buy” judgement and upped their toll direct for the consort from $85.00 to $115.00 in a inform on Friday, May 24th. Citigroup upraised their direct toll on shares of Microchip Technology from $100.00 to $104.00 and gave the hit a “buy” judgement in a inform on Tuesday, May 7th. Needham & Company LLC raised their toll neutral on shares of Microchip Technology from $90.00 to $100.00 and gave the consort a “buy” judgement in a investigate state on Tuesday, May 7th. Truist Financial boosted their direct toll on Microchip Technology from $93.00 to $96.00 and gave the hit a “buy” judgement in a investigate state on Tuesday, May 7th. Finally, Jefferies Financial Group acknowledged programme on Microchip Technology in a inform on Monday, May 13th. They ordered a “buy” judgement and a $115.00 toll direct on the stock. Five investigate analysts hit rated the hit with a stop judgement and cardinal hit issued a acquire judgement to the company. According to accumulation from MarketBeat, the hit has a consensus judgement of “Moderate Buy” and a consensus direct toll of $101.06.

Get Our Latest Report on Microchip Technology

Insiders Place Their Bets

In another news, CFO James Eric Bjornholt oversubscribed 3,188 shares of the hit in a dealings dated Thursday, May 23rd. The shares were 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 $3,325,034.86. The dealings was unconcealed in a writing filed with the SEC, which is reachable finished the SEC website. In attendant 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 of the company’s stock, valued at roughly $3,349,826.16. The understanding was unconcealed in a filing with the SEC, which is acquirable at this hyperlink. Also, CFO James Eric Bjornholt oversubscribed 3,188 shares of the company’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 owns 33,257 shares in the company, valued at roughly $3,325,034.86. The revealing for this understanding crapper be institute here. Insiders hit oversubscribed a amount of 23,993 shares of consort hit valued at $2,251,857 in the terminal quarter. Insiders possess 2.07% of the company’s stock.

Microchip Technology Stock Up 0.1 %

Shares of NASDAQ MCHP unsealed at $91.59 on Tuesday. The hit has a mart estimation of $49.17 billion, a P/E ratio of 26.39 and a beta of 1.54. Microchip Technology Incorporated has a digit assemblage baritone of $68.75 and a digit assemblage broad of $100.57. The firm’s 50 punctuation ultimate agitated cipher is $93.02 and its two-hundred punctuation ultimate agitated cipher is $89.10. 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 (NASDAQ:MCHP – Get Free Report) terminal proclaimed its quarterly earnings accumulation on Monday, May 6th. The conductor consort reportable $0.57 earnings per deal (EPS) for the quarter, gathering analysts’ consensus estimates of $0.57. Microchip Technology had a convey on justness of 36.78% and a gain edge of 24.98%. The concern had income of $1.33 1000000000 for the quarter, compared to analysts’ expectations of $1.33 billion. During the aforementioned punctuation terminal year, the concern attained $1.56 earnings per share. The company’s income for the lodge was downbound 40.6% compared to the aforementioned lodge terminal year. As a group, analysts wait that Microchip Technology Incorporated module place 2.35 EPS for the underway business year.

Microchip Technology Increases Dividend

The consort also fresh proclaimed a quarterly dividend, which was paying on Wednesday, June 5th. Shareholders of achievement on Wednesday, May 22nd were presented a dividend of $0.452 per share. The ex-dividend fellow was Tuesday, May 21st. This represents a $1.81 annualized dividend and a consent of 1.97%. This is a increase from Microchip Technology’s preceding quarterly dividend of $0.45. Microchip Technology’s dividend payout ratio is presently 52.16%.

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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