37,940 Microchip Technology Incorporated shares acquired by ING Groep NV

Microchip Technologies Incorporated (NASDAQ: MCHP)'s (NASDAQ: MCHP) holdings increased 27.3% according to ING Group NV's latest Form 13F report.

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176,772 shares of the semiconductor company's stock were held by the fund at the end of the quarter.

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A total of 37,940 additional shares were purchased by the company over the course of this period, thereby achieving this goal.

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The value of ING Group NV's investment in Microchip Technologies was $10,788,000 as of the end of the most recent financial quarter.

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It is believed that the holdings were valued at this amount because they were worth more than $10 million at the time of purchase.

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Shares of the company have been purchased and sold by institutional investors and hedge funds in recent weeks.

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In these transactions, the company's stock is involved.

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In the third quarter of 2018, Carl P. Sherr & Co LLC increased the number of Microchip Technologies shares owned by 1.2%. An additional 140 shares of semiconductor company stock were purchased by Carl P. Sherr & Co LLC during the most recent quarter.

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As a result of this move, the total number of shares that the company currently owns has been increased to 12,299, a new all-time high for the company's holdings.

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There are 751,000 shares totaling $751,000 in value.

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Kinneret Advisors LLC increased its holdings of Microchip Technologies stock by 2.2% in the second quarter based on the company's recent performance.

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Following the addition of 163 shares to Kinneret Advisory LLC's share portfolio during the most recent quarter of the company's fiscal year, Kinneret Advisory LLC has become the proud owner of 7,658 shares of the semiconductor company's stock.

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The stock is worth $445,000, and the company has a market cap of $445,000. Over the third quarter, First Commonwealth Financial Corp., PA, added 2.1% more shares of Microchip Technologies. The semiconductor business of First Commonwealth Financial Corp., Pennsylvania, now owns 8,334 shares.

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It is estimated that these shares are worth $509,000. The company purchased an additional 174 shares during the preceding quarter in order to acquire these shares. During the second quarter of this year, Glassman Financial Services increased its holdings of Microchip Technologies by 54.5 percent as a result of positive market conditions. Glassman Wealth Services now holds a total of 516 shares of the semiconductor company's stock, which have an estimated market value of $30,000. As a result of additional purchases that amounted to 182 shares over the past three months, Glassman Wealth Services now owns a total of 516 shares of the semiconductor company's stock in our portfolio.

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Finally, AdvisorNet Financial INC increased its ownership of Microchip Technology shares by 28.2% during the third quarter.

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As a direct owner of 840 shares of the semiconductor company's stock, AdvisorNet Financial INC now directly owns $51,000 worth of the company's stock after purchasing 185 additional shares during the most recent quarter.

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During the most recent quarter, these shares were acquired.

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The company's equity is made up of shares, of which 89.85% are held by institutional investors.

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Several analysts have recently discussed the company in the relevant industry.

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As a consequence of the move, Truist Financial raises its price objective on Microchip Technologies stock from $85.00 to $94.00 and increases its "buy" rating on Microchip Technologies stock in order to reflect the changes in the company.

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On Friday, February 3rd, the report was published.

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In a research note published on Friday, February 3rd, Morgan Stanley increased its price target for Microchip Technology.

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There is now a price target of $99.00, up from the previous price target of $80.00.

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It also rated the company's stock as "overweight," indicating the firm believes it will rise in the future.

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UBS Group announced on Friday, November 4th that they would lower their price objective for Microchip Technologies from $100.00 to $90.00.

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Needham & Company LLC raised its price objective for Microchip Technology from $82.00 to $110.00 in a research note that was published on Friday, February 3rd, and assigned the stock a "buy" rating in its research note. According to Needham & Company LLC, the stock of the company has also been given a "buy" rating.

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Earlier this week, Piper Sandler raised its rating for Microchip Technology from "underweight" to "overweight".

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Compared to their previous rating, this is an improvement.

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In addition to five analysts recommending the stock as a hold, thirteen analysts have recommended the stock as a buy, and one analyst has recommended the stock as a strong buy.

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Bloomberg.com rates the company as a "Moderate Buy" and sets a $90.58 consensus target price.

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As of Friday's opening, the NASDAQ MCHP was trading at $84.64, which remained unchanged throughout the day.

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The company's beta value is 1.59, the P/E/G ratio is 0.89, and its market capitalization is $46.37 billion.

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Over the past year, Microchip Technology Incorporated reached a low point of $54.33, while it reached a high point of $87.76.

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Company stock is currently $76.04 higher than its moving average of the past 50 days and $70.55 higher than its moving average of the past 200 days.

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The debt-to-equity ratio is 1.04, the current assets-to-current liabilities ratio is 1.04, and the quick ratio is 1.04.

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These proportions are all the same.

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Furthermore, the company recently announced a quarterly dividend that will be paid on March 7th. Dividends of $0.358 per share will be paid to registered shareholders on February 21st.

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A quarterly dividend payment of $0.33 was made by Microchip Technology as a distribution to shareholders prior to this increase.

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This coming Friday, February 17th, is the last day to receive the dividend.

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Dividends of $1.43 will be paid to shareholders every year, resulting in a dividend yield of 1.69%.

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Microchip Technologies' payout ratio is currently 35.50 percent.

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One of Microchip Technologies, INC's main business lines is distributing semiconductors, which is the company's primary market.

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The company manufactures semiconductors and licenses technologies, both of which are distinct business activities.

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Semiconductor Products conceives, develops, produces, and distributes products such as microcontrollers, development tools, analog, interface, mixed signal, connection, and timing devices.

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In addition to microprocessors, this division also handles other products.