Built-in Wealth Ideas LLC has elevated its stake in Microchip Know-how Integrated by 24.7% through the first quarter. The institutional investor now owns 3,578 shares of the semiconductor firm’s inventory, after buying an extra 708 shares. The full worth of Built-in Wealth Ideas LLC’s holdings in Microchip Know-how is $300,000.
Different institutional buyers have additionally made modifications to their positions within the firm. Geode Capital Administration LLC raised its place by 2.0%, proudly owning 11,497,628 shares of Microchip Know-how inventory. Boston Companions elevated its holdings by 3.5%, proudly owning 7,935,488 shares. Northern Belief Corp elevated its holdings by 1.7%, proudly owning 7,553,578 shares. Norges Financial institution acquired a brand new place within the firm, whereas Franklin Assets Inc. elevated its holdings by 3.2%.
Microchip Know-how inventory opened at $83.46 on Friday, with a market cap of $45.43 billion. The corporate has a present ratio of 0.98 and a fast ratio of 0.56. It has a 1-year low of $54.77 and a 1-year excessive of $94.30. The corporate has a P/E ratio of 19.32, a PEG ratio of 1.73, and a beta of 1.60.
Microchip Know-how not too long ago reported its quarterly earnings, posting $1.64 earnings per share, which matched analysts’ consensus estimates. The corporate had a return on fairness of 52.58% and a internet margin of 27.35%. The corporate’s income for the quarter was $2.29 billion, barely beating the consensus estimate.
Moreover, Microchip Know-how has introduced a rise in its quarterly dividend. The brand new dividend shall be $0.41 per share, paid on September fifth to stockholders of report on August twenty second. This represents a dividend yield of 1.97% and a dividend payout ratio of 35.42%.
A number of brokerages have issued experiences on Microchip Know-how. Truist Monetary and Stifel Nicolaus raised their value targets, whereas Mizuho lowered theirs and Wells Fargo & Firm reiterated an “equal weight” ranking. General, the inventory has a consensus ranking of “Reasonable Purchase” with a median value goal of $98.76.
When it comes to insider exercise, CFO James Eric Bjornholt bought 2,470 shares of Microchip Know-how inventory. 2.07% of the inventory is at present owned by firm insiders.
Microchip Know-how develops and sells embedded management options for numerous functions, together with automotive, industrial, computing, and communications.