Signaturefd LLC Decreases Holdings in Microchip Technology Incorporated (NASDAQ:MCHP)

Signaturefd LLC lessened its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 19.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,440 shares of the semiconductor company’s stock after selling 2,006 shares during the period. Signaturefd LLC’s holdings in Microchip Technology were worth $484,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MCHP. Coldstream Capital Management Inc. increased its stake in shares of Microchip Technology by 2.4% in the third quarter. Coldstream Capital Management Inc. now owns 11,052 shares of the semiconductor company’s stock worth $878,000 after purchasing an additional 260 shares in the last quarter. EP Wealth Advisors LLC increased its stake in shares of Microchip Technology by 1.8% in the third quarter. EP Wealth Advisors LLC now owns 14,725 shares of the semiconductor company’s stock worth $1,182,000 after purchasing an additional 264 shares in the last quarter. Lebenthal Global Advisors LLC increased its stake in shares of Microchip Technology by 7.3% in the fourth quarter. Lebenthal Global Advisors LLC now owns 3,894 shares of the semiconductor company’s stock worth $223,000 after purchasing an additional 266 shares in the last quarter. Leelyn Smith LLC increased its stake in shares of Microchip Technology by 2.2% in the third quarter. Leelyn Smith LLC now owns 12,401 shares of the semiconductor company’s stock worth $996,000 after purchasing an additional 268 shares in the last quarter. Finally, First Commonwealth Financial Corp PA increased its stake in shares of Microchip Technology by 2.5% in the third quarter. First Commonwealth Financial Corp PA now owns 11,342 shares of the semiconductor company’s stock worth $911,000 after purchasing an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Microchip Technology Trading Down 6.5 %

MCHP stock opened at $51.00 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.23 and a current ratio of 2.25. Microchip Technology Incorporated has a one year low of $50.21 and a one year high of $100.57. The company’s 50 day moving average price is $56.24 and its two-hundred day moving average price is $65.03. The company has a market capitalization of $27.43 billion, a PE ratio of 91.07 and a beta of 1.52.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.15). Microchip Technology had a return on equity of 12.62% and a net margin of 6.49%. As a group, analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were paid a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Monday, February 24th. Microchip Technology’s payout ratio is 325.00%.

Analyst Ratings Changes

A number of equities analysts have recently commented on MCHP shares. Rosenblatt Securities restated a “buy” rating and issued a $70.00 price objective on shares of Microchip Technology in a research report on Tuesday, March 4th. Mizuho raised their price objective on shares of Microchip Technology from $58.00 to $68.00 and gave the company an “outperform” rating in a research report on Tuesday, March 4th. StockNews.com lowered shares of Microchip Technology from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. KeyCorp dropped their target price on shares of Microchip Technology from $70.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Finally, Needham & Company LLC lifted their target price on shares of Microchip Technology from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.37.

Insider Buying and Selling

In other Microchip Technology news, CFO James Eric Bjornholt sold 3,724 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $60.88, for a total transaction of $226,717.12. Following the transaction, the chief financial officer now directly owns 33,272 shares of the company’s stock, valued at approximately $2,025,599.36. The trade was a 10.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is owned by insiders.

Microchip Technology Profile

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.