Trilogy Capital Inc. Takes Position in Microchip Technology Incorporated (NASDAQ:MCHP)

Trilogy Capital Inc. purchased a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 35,219 shares of the semiconductor company’s stock, valued at approximately $2,020,000.

Other large investors have also modified their holdings of the company. Prospera Private Wealth LLC bought a new stake in shares of Microchip Technology in the 3rd quarter valued at about $29,000. Financial Life Planners bought a new stake in shares of Microchip Technology in the 4th quarter valued at about $32,000. Peterson Financial Group Inc. bought a new stake in shares of Microchip Technology in the 3rd quarter valued at about $34,000. Truvestments Capital LLC purchased a new position in shares of Microchip Technology in the 3rd quarter worth approximately $34,000. Finally, Wolff Wiese Magana LLC grew its position in shares of Microchip Technology by 55.2% in the 3rd quarter. Wolff Wiese Magana LLC now owns 613 shares of the semiconductor company’s stock worth $49,000 after buying an additional 218 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Microchip Technology Stock Performance

Shares of NASDAQ MCHP opened at $53.11 on Friday. 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. The company has a 50 day simple moving average of $58.34 and a two-hundred day simple moving average of $70.38. The stock has a market cap of $28.52 billion, a price-to-earnings ratio of 37.14 and a beta of 1.50.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data 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 net margin of 14.22% and a return on equity of 19.47%. As a group, analysts predict that Microchip Technology Incorporated will post 1.31 earnings per share for the current year.

Microchip Technology Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MCHP. The Goldman Sachs Group cut their price objective on shares of Microchip Technology from $72.00 to $63.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Morgan Stanley cut their price objective on shares of Microchip Technology from $71.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Tuesday. KeyCorp cut their price objective on shares of Microchip Technology from $90.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Mizuho cut their price objective on shares of Microchip Technology from $85.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Microchip Technology in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.67.

Microchip Technology Company 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.