Nisa Investment Advisors LLC Increases Holdings of Microchip Technology Amid Industry-Wide Chip Shortage

Financial Advisors


On April 21, 2023, financial news outlets reported that Nisa Investment Advisors LLC increased its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 1.7% during the fourth quarter. The report follows the company’s most recent Form 13F filing with the Securities and Exchange Commission (SEC), revealing that Nisa Investment Advisors LLC owned a total of 211,743 shares of his MCHP shares.

Microchip Technology Incorporated is a semiconductor product provider that operates in two segments: semiconductor products and technology licensing. The Semiconductor Products Division manufactures microcontrollers, development tools, analog, interface, mixed signal, connectivity devices and timing products.

Microchip Technology’s quarterly results were last announced on Thursday, February 2nd. The company reported his earnings per share (EPS) of $1.48 for the fourth quarter of 2022, which is in line with analyst consensus forecasts of $1.48, with a net profit margin of 25.73% and a net profit margin of 50.01%. Boasted return on equity (ROE). Meanwhile, revenue for the quarter totaled $2.17 billion. That’s slightly above analyst expectations of $2.15 billion.

Since then, equity research analysts expect Microchip Technology Inc. to post an EPS of $5.73 at the end of fiscal 2023.

Overall, the recent rally in Nisa Investment Advisors LLC’s holdings suggests investors are bullish on MCHP stock. This is with good reason given his Microchip Technology’s solid performance as a leader in semiconductor products amid ongoing industry-wide chip shortages impacting various markets around the world. Automotive and consumer electronics companies_.

Investors flock to microchip technology as semiconductor products continue to thrive


April 21, 2023 Microchip Technology continues to attract investors with successful semiconductor product and technology licensing offerings. Recent reports by various financial institutions indicated that the company had significant stakes. Boston Partners alone has raised his stake by 17.2% and now owns more than 7 million shares of his stock worth $467,751,000. Prudential Financial also took a nearly 100% stake in the company in the first quarter of this year, purchasing more than 2 million of his shares worth $154,518,000 for another 1 million of his shares.

Ardevora Asset Management LLP and Bank Julius Baer & Co. Ltd Zurich recently acquired positions worth $44,903,000 and $35,477,000 respectively in Microchip Technology. In the third quarter, he increased his stake by a hefty sum of over 4,000 percent after Los Angeles Capital Management LLC also purchased an additional 543,758 of his shares worth $33,971,000.

These institutional investors currently own approximately 89.85% of Microchip Technology’s stock. It has a market capitalization of $42.45 billion and a PEG ratio of 0.81, shown in the same report on April 21 of this year when MCHP shares opened at his $77.50.

Microchip Technology is more than just a provider of semiconductor products. We are also involved in the design and development of microcontrollers and analog interface products used in various industries around the world. The company paid its shareholders his quarterly dividend of $0.358 per share on March 7 this year, according to recently announced earnings.

Several analysts have also given mixed opinions on the company’s recent performance. Wells Fargo & Company raised its price target to $85 and B Riley raised his price target from $86 to a high of $106 because of the buy rating he gave his MCHP shareholders.

Goldman Sachs Group still ranks MCHP shares as neutral, rising from $76 to $87 per share. Meanwhile, Morgan Stanley branded MCHP shares as overweight, so he raised his price target to $99. However, according to Bloomberg.com, Microchip Technology’s average rating is labeled as a “moderate buy” with a consensus price of $90.58.



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