WINTON GROUP Ltd Acquires 2,859 Shares of Microchip Technology Inc. (MCHP)

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WINTON GROUP Ltd increased its holdings in shares of Microchip Technology Inc. (NASDAQ:MCHP) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 162,647 shares of the semiconductor company’s stock after purchasing an additional 2,859 shares during the quarter. WINTON GROUP Ltd’s holdings in Microchip Technology were worth $14,793,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Janus Henderson Group PLC raised its position in Microchip Technology by 4.7% during the second quarter. Janus Henderson Group PLC now owns 12,919,605 shares of the semiconductor company’s stock worth $1,175,042,000 after acquiring an additional 582,965 shares in the last quarter. Principal Financial Group Inc. raised its position in Microchip Technology by 0.4% during the first quarter. Principal Financial Group Inc. now owns 5,616,587 shares of the semiconductor company’s stock worth $513,132,000 after acquiring an additional 24,008 shares in the last quarter. Aristotle Capital Management LLC raised its position in Microchip Technology by 5.9% during the first quarter. Aristotle Capital Management LLC now owns 5,102,781 shares of the semiconductor company’s stock worth $466,190,000 after acquiring an additional 285,886 shares in the last quarter. OppenheimerFunds Inc. raised its position in Microchip Technology by 114.5% during the second quarter. OppenheimerFunds Inc. now owns 1,753,557 shares of the semiconductor company’s stock worth $159,486,000 after acquiring an additional 935,884 shares in the last quarter. Finally, Coho Partners Ltd. raised its position in Microchip Technology by 2.7% during the second quarter. Coho Partners Ltd. now owns 1,543,379 shares of the semiconductor company’s stock worth $140,370,000 after acquiring an additional 41,296 shares in the last quarter.

In related news, VP Stephen V. Drehobl sold 3,998 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $84.33, for a total transaction of $337,151.34. Following the transaction, the vice president now directly owns 16,931 shares of the company’s stock, valued at $1,427,791.23. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO James Eric Bjornholt sold 1,887 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $84.33, for a total transaction of $159,130.71. The disclosure for this sale can be found here. 2.13% of the stock is owned by corporate insiders.

MCHP has been the topic of several analyst reports. Nomura dropped their price target on shares of Microchip Technology from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, August 10th. Zacks Investment Research raised shares of Microchip Technology from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research report on Wednesday, June 6th. BidaskClub lowered shares of Microchip Technology from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. JPMorgan Chase & Co. initiated coverage on shares of Microchip Technology in a research report on Tuesday, June 5th. They set an “overweight” rating and a $125.00 price target on the stock. Finally, Bank of America lowered shares of Microchip Technology from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $115.00 to $95.00 in a research report on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $114.88.

Shares of MCHP traded up $0.81 during trading hours on Wednesday, hitting $81.20. The company had a trading volume of 21,011 shares, compared to its average volume of 2,886,667. The firm has a market capitalization of $19.69 billion, a PE ratio of 15.64, a PEG ratio of 0.87 and a beta of 1.10. Microchip Technology Inc. has a 12 month low of $78.33 and a 12 month high of $104.20. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.32 and a quick ratio of 0.80.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Thursday, August 9th. The semiconductor company reported $1.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.13. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Microchip Technology had a net margin of 2.85% and a return on equity of 36.33%. The company’s revenue was up 24.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.31 earnings per share. analysts predict that Microchip Technology Inc. will post 6.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Tuesday, August 21st were given a $0.364 dividend. The ex-dividend date of this dividend was Monday, August 20th. This is a positive change from Microchip Technology’s previous quarterly dividend of $0.36. This represents a $1.46 annualized dividend and a dividend yield of 1.79%. Microchip Technology’s dividend payout ratio is presently 28.13%.

Microchip Technology Profile

Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications. The company offers general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit microprocessors; and microcontrollers for automotive networking, computing, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity.

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

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