Park Place Capital Corp has significantly increased its stake in Microchip Technology Incorporated during the first quarter, acquiring additional shares of the semiconductor company. Other institutional investors and hedge funds have also made changes to their holdings in Microchip Technology, further increasing their stake in the company. Analysts have recently upgraded their ratings on MCHP, with several giving the stock a “buy” rating and raising their price targets. Insiders have also been active, with CFO James Eric Bjornholt and Director Matthew W. Chapman selling shares of the company. Despite these activities, Microchip Technology’s stock has seen a minimal increase of 0.1%.
Microchip Technology recently reported its quarterly earnings, meeting analysts’ expectations. The company also announced an increased quarterly dividend, rewarding shareholders with a higher payout. Microchip Technology develops and sells embedded control solutions, focusing on various applications in industries such as automotive, industrial, computing, and communications. Overall, analysts expect Microchip Technology to post positive earnings per share for the current fiscal year. Investors can stay updated on the latest news and insider trades related to Microchip Technology by visiting HoldingsChannel.com.
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