Trilogy Capital Inc. Buys New Shares in Microchip Technology Incorporated (NASDAQ:MCHP)

Trilogy Capital Inc. bought a new stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 35,219 shares of the semiconductor company’s stock, valued at approximately $2,020,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Stratos Wealth Partners LTD. lifted its position in Microchip Technology by 7.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,680 shares of the semiconductor company’s stock valued at $268,000 after purchasing an additional 321 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Microchip Technology by 87.3% in the fourth quarter. Retirement Systems of Alabama now owns 460,767 shares of the semiconductor company’s stock valued at $26,425,000 after acquiring an additional 214,720 shares in the last quarter. Rockline Wealth Management LLC lifted its position in shares of Microchip Technology by 5.0% in the fourth quarter. Rockline Wealth Management LLC now owns 54,769 shares of the semiconductor company’s stock valued at $3,141,000 after acquiring an additional 2,606 shares in the last quarter. Financial Life Planners purchased a new position in shares of Microchip Technology in the fourth quarter valued at about $32,000. Finally, Stock Yards Bank & Trust Co. lifted its position in shares of Microchip Technology by 14.0% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 13,124 shares of the semiconductor company’s stock valued at $753,000 after acquiring an additional 1,607 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Microchip Technology Price Performance

Microchip Technology stock opened at $53.11 on Friday. The firm has a 50-day moving average price of $58.34 and a 200-day moving average price of $70.38. The firm has a market capitalization of $28.52 billion, a PE ratio of 37.14 and a beta of 1.50. The company has a current ratio of 0.88, a quick ratio of 0.48 and a debt-to-equity ratio of 0.71. Microchip Technology Incorporated has a 12-month low of $51.37 and a 12-month high of $100.57.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.15). Microchip Technology had a return on equity of 19.47% and a net margin of 14.22%. As a group, equities research analysts forecast that Microchip Technology Incorporated will post 1.31 EPS for the current year.

Microchip Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Monday, February 24th will be issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 3.43%. Microchip Technology’s payout ratio is 127.27%.

Analyst Ratings Changes

Several equities analysts have recently commented on MCHP shares. TD Cowen lowered their price objective on Microchip Technology from $80.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Jefferies Financial Group lowered their price objective on Microchip Technology from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. StockNews.com upgraded Microchip Technology from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. KeyCorp lowered their price objective on Microchip Technology from $90.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, Bank of America lowered Microchip Technology from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $80.00 to $65.00 in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.67.

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.