Epoch Investment Partners Reduces $2M in Microchip Technology Incorporated ($MCHP)
Key Points
- Epoch Investment Partners changed its Microchip Technology Incorporated ($MCHP) stake by 1.88% last quarter, cutting to 1,323,736 shares worth $120.72 million.
- Wall Street's consensus rating on $MCHP is Buy and an average price target of $108.64.
- $MCHP last traded around $91.20.
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Epoch Investment Partners trimmed its position in Microchip Technology Incorporated ($MCHP) by 1.88% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,323,736 shares of Microchip Technology Incorporated after selling 25,400 shares during the quarter. Epoch Investment Partners's holdings in Microchip Technology Incorporated were worth $120.72 million as of its most recent filing.
Microchip Technology Incorporated Stock Up 25.1%
Shares of Microchip Technology Incorporated ($MCHP) traded around $91.20 on Saturday, up 25.1% for the day.
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About Microchip Technology Incorporated
Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. It operates in two segments, Semiconductor Products and Technology Licensing. The company offers general-purpose 8-bit, 16-bit, 32-bit, and 64-bit mixed-signal microcontrollers; 32-bit and 64-bit embedded mixed-signal microprocessors; and specialized mixed-signal microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human-machine interface, security, wired connectivity, and wireless connectivity applications. It also provides analog products, including power management, linear, mixed-signal, high voltage, thermal management, discrete diodes and MOSFETs, radio frequency (RF), gate drivers, safety, security, timing, application-specific standard products, USB, Ethernet, wireless, and other interface products; field-programmable gate array (FPGA) products; and application development tools that enable system designers to program mixed-signal microcontroller, FPGA, and microprocessor products. In addition, the company offers memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, serial static random-access memory, and electrically erasable random-access memory for footprint devices. Further, it licenses its SuperFlash embedded flash and non-volatile memory technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate arrays, RF, analog, and neuromorphic compute products. Additionally, the company offers engineering services; wafer foundry, assembly, and test subcontracting manufacturing services; and timing systems, application-specific integrated circuits, and products for aerospace applications. The company was incorporated in 1989 and is headquartered in Chandler, Arizona.
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