Financial Architects Inc Grows Holdings in Microchip Technology Inc. (MCHP)

Financial Architects Inc grew its holdings in Microchip Technology Inc. (NASDAQ:MCHP) by 10,662.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,888 shares of the semiconductor company’s stock after purchasing an additional 6,824 shares during the quarter. Financial Architects Inc’s holdings in Microchip Technology were worth $496,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MCHP. Schroder Investment Management Group boosted its position in Microchip Technology by 16.0% during the 2nd quarter. Schroder Investment Management Group now owns 463,455 shares of the semiconductor company’s stock valued at $41,915,000 after acquiring an additional 64,012 shares in the last quarter. BKD Wealth Advisors LLC boosted its position in Microchip Technology by 4.5% during the 3rd quarter. BKD Wealth Advisors LLC now owns 45,917 shares of the semiconductor company’s stock valued at $3,623,000 after acquiring an additional 1,982 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Microchip Technology by 5.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 37,438 shares of the semiconductor company’s stock valued at $2,953,000 after acquiring an additional 2,098 shares in the last quarter. Iberiabank Corp boosted its position in Microchip Technology by 38.3% during the 3rd quarter. Iberiabank Corp now owns 8,026 shares of the semiconductor company’s stock valued at $633,000 after acquiring an additional 2,222 shares in the last quarter. Finally, Courier Capital LLC bought a new stake in Microchip Technology during the 3rd quarter valued at $215,000.

Several analysts have issued reports on MCHP shares. Zacks Investment Research cut Microchip Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. BidaskClub cut Microchip Technology from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 9th. Morgan Stanley dropped their target price on Microchip Technology from $95.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 10th. Needham & Company LLC dropped their target price on Microchip Technology to $100.00 and set a “strong-buy” rating on the stock in a research report on Friday, October 26th. Finally, Piper Jaffray Companies set a $130.00 target price on Microchip Technology and gave the company a “buy” rating in a research report on Thursday, November 8th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Microchip Technology presently has a consensus rating of “Buy” and an average target price of $103.89.

NASDAQ:MCHP opened at $83.24 on Wednesday. Microchip Technology Inc. has a 52 week low of $60.70 and a 52 week high of $104.20. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.64 and a current ratio of 1.04. The stock has a market cap of $19.53 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.02 and a beta of 1.21.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Tuesday, February 5th. The semiconductor company reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.09. Microchip Technology had a return on equity of 35.00% and a net margin of 0.59%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the firm earned $1.36 EPS. The company’s quarterly revenue was up 42.5% on a year-over-year basis. As a group, analysts expect that Microchip Technology Inc. will post 5.98 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 21st will be given a dividend of $0.365 per share. This is a boost from Microchip Technology’s previous quarterly dividend of $0.36. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.75%. Microchip Technology’s dividend payout ratio (DPR) is 28.13%.

In other news, VP Stephen V. Drehobl sold 4,271 shares of Microchip Technology stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $72.06, for a total transaction of $307,768.26. Following the sale, the vice president now owns 17,173 shares of the company’s stock, valued at approximately $1,237,486.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO James Eric Bjornholt sold 1,866 shares of Microchip Technology stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $72.06, for a total transaction of $134,463.96. The disclosure for this sale can be found here. Insiders own 2.13% of the company’s stock.

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About Microchip Technology

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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