Built-in Wealth Ideas LLC elevated its stake in Microchip Expertise Integrated by 24.7% within the first quarter. The institutional investor now owns 3,578 shares of the semiconductor firm’s inventory, value $300,000 on the finish of the reporting interval. Different institutional buyers have additionally made modifications to their positions within the firm.
Microchip Expertise Inventory Efficiency
Shares of Microchip Expertise opened at $83.46 on Friday. The corporate has a present ratio of 0.98 and a fast ratio of 0.56. Microchip Expertise has a 1-year low of $54.77 and a 1-year excessive of $94.30. The corporate has a market cap of $45.43 billion, a P/E ratio of 19.32, and a beta of 1.60.
Microchip Expertise’s Quarterly Earnings and Dividend
Microchip Expertise not too long ago reported its quarterly earnings, with earnings of $1.64 per share for the quarter, assembly analysts’ consensus estimates. The corporate had a return on fairness of 52.58% and a web margin of 27.35%. Microchip Expertise’s income for the quarter was $2.29 billion, in comparison with the consensus estimate of $2.29 billion. Analysts anticipate the corporate to submit 5.97 EPS for the present yr.
The corporate additionally introduced an elevated quarterly dividend, with a dividend of $0.41 per share to be paid on September fifth. This represents a $1.64 annualized dividend and a dividend yield of 1.97%. Microchip Expertise’s dividend payout ratio is presently 35.42%.
Analysts’ Rankings and Insider Exercise
A number of brokerages have not too long ago issued scores on Microchip Expertise. Eight analysts have rated the inventory as a maintain, 9 have given it a purchase ranking, and one has issued a robust purchase ranking. CFO James Eric Bjornholt not too long ago bought 2,470 shares of the corporate’s inventory.
About Microchip Expertise
Microchip Expertise Integrated develops, manufactures, and sells embedded management options for varied functions. The corporate focuses on producing microcontrollers and microprocessors for automotive, industrial, computing, communications, and different sectors.