Amidst An Industry-Wide Chip Shortage, Nisa Investment Advisors Llc Increases Its Holdings In Microchip Technology

Nisa Investment Advisors LLC increased its holdings in Microchip Technology Incorporated (NASDAQ: MCHP) by 1.7% during the fourth quarter, according to financial news reports on April 21, 2023. The report followed the company's most recent Form 13F filing with the Securities and Exchange Commission (SEC), which disclosed that Nisa Investment Advisors LLC held 211,743 shares of MCHP stock, valued at roughly $14,875,000 at the time.

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Microchip Technology Incorporated is a semiconductor products company with two divisions: Semiconductor Products and Technology Licensing. Microcontrollers, development tools, analog, interface, mixed signal, connection devices, and timing items are all produced under the Semiconductor Items section.

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Microchip Technology's most recent quarterly earnings report was released on Thursday, February 2nd. The firm posted earnings per share (EPS) of $1.48 for the fourth quarter of 2022, meeting analysts' average projections of $1.48, and boasted a net margin of 25.73% and a return on equity (ROE) of 50.01%. Meanwhile, sales for the quarter were $2.17 billion, which was slightly higher than the $2.15 billion expected by experts.

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Since then, equity research experts have predicted that Microchip Technology Incorporated would earn $5.73 per share for the fiscal year ending 2023.

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Overall, Nisa Investment Advisors LLC's recent increase in holdings indicates that investors are bullish on MCHP shares—and with reason, given Microchip Technology's robust performance as a semiconductor products leader amidst an ongoing industry-wide chip shortage affecting various markets worldwide _ disproportionately affecting certain autoMotive & consumer electronics companies_.

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Microchip Technology continued to draw investors on April 21, 2023, with its excellent semiconductor products and technology licensing opportunities. According to recent reports from numerous financial institutions, the corporation has considerable stakes. Boston Partners alone increased its holdings by 17.2%, to almost seven million shares worth $467,751,000. Prudential Financial Inc grew its holdings by over 100% during the first quarter of the year, now owning over two million shares worth $154,518,000 after acquiring an extra one million new shares.

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Ardevora Asset Management LLP and Bank Julius Baer & Co.Ltd Zurich recently purchased Microchip Technology stakes worth more than $44,903,000 and $35,477,000, respectively. Los Angeles Capital Management LLC increased its interest by more than four thousand percent during the third quarter, acquiring an additional 543,758 shares valued at $33,971,000.

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Currently, these institutional investors own about 89.85% of Microchip Technology stock. With a market worth of $42.45 billion and a PEG ratio of 0.81, the MCHP stock began at $77.50 on April 21st of this year, according to the same source.

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Microchip Technology is more than simply a semiconductor product manufacturer; it also designs and develops microcontrollers and analog interface solutions that are utilized in a variety of industries throughout the world. According to recently published data, the firm paid a quarterly dividend of $0.358 per share to shareholders on March 7th of this year.

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Several analysts have recently weighed in on the company's performance, with varied results; Wells Fargo & Company lifted their price goal from $86 to a high of $106 for buy recommendations they awarded to MCHP investors.

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Goldman Sachs Group remains neutral on MCHP equities, with theirs rising from $76 to $87 per share. Morgan Stanley, on the other hand, raised their price target to $99 and labeled MCHP's shares as overweight. According to Trade Algo, the average rating for Microchip Technology is "Moderate Buy" with a consensus price of $90.58.

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