Park Place Capital Corp significantly increased its stake in Microchip Technology Incorporated during the first quarter, now owning over 3,600 shares worth $327,000, as reported in a recent SEC filing. Other institutional investors and hedge funds have also adjusted their holdings in the semiconductor company. Analysts have also recently upgraded their ratings for Microchip Technology, with several giving the stock a “buy” rating and increasing their price targets. Insiders have also been actively trading shares, with CFO James Eric Bjornholt and Director Matthew W. Chapman both selling shares in recent transactions.
Microchip Technology stock has seen a slight increase, currently trading at $91.59. The company recently reported its quarterly earnings, meeting analyst expectations with an EPS of $0.57. The company also announced an increased quarterly dividend, marking a boost from the previous dividend amount. Microchip Technology specializes in developing, manufacturing, and selling embedded control solutions globally, catering to various industries such as automotive, industrial, and communication applications.
The company’s financial outlook for the current fiscal year looks positive, with analysts predicting an EPS of 2.35. Investors interested in tracking Microchip Technology’s performance can access the latest filings and insider trades on HoldingsChannel.com. By continuing to offer innovative solutions in the semiconductor industry, Microchip Technology remains a key player in the market.
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