Technology Sector Ideas

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>>> Microchip Technology Inc (MCHP) - Number of Hedge Fund Holders: 46


https://finance.yahoo.com/news/12-best-environmental-dividend-stocks-161122815.html


Generation Investment Management’s Stake Value: $82,367,633

Microchip Technology Incorporated (NASDAQ:MCHP) is an Arizona-based company that specializes in the manufacturing of integrated circuits and related products. At the end of Q4 2022, Generation Investment Management owned roughly 1.2 million shares in the company with a total value of $82.3 million. The company accounted for 0.47% of Al Gore's portfolio.

Microchip Technology Incorporated (NASDAQ:MCHP) has implemented a range of energy-efficient technologies in its facilities and has invested in renewable energy sources such as solar power.

On February 2, Microchip Technology Incorporated (NASDAQ:MCHP) declared a 9.1% hike in its quarterly dividend to $0.358 per share. The company started its dividend policy in 2003 and has raised its dividends 76 times since then. The stock's dividend yield on April 15 came in at 1.80%. It is among the best dividend stocks on our list.

As of the close of Q4 2022, 46 hedge funds in Insider Monkey's database owned stakes in Microchip Technology Incorporated (NASDAQ:MCHP), up from 45 in the previous quarter. These stakes have a consolidated value of nearly $1.3 billion.

TimesSquare Capital Management mentioned Microchip Technology Incorporated (NASDAQ:MCHP) in its Q4 2022 investor letter. Here is what the firm has to say:

“Microchip Technology Incorporated (NASDAQ:MCHP) is a semiconductor manufacturer offering smart, connected, and secure embedded control solutions. Revenues in the latest quarter exceeded the consensus and that lifted the stock by 16%. While the company acknowledges the weak macro environment, they are not seeing much of an impact on their business. They have a sizable business backlog, multi-year agreements with large customers, and secular growth trends in areas such as 5G and Data Centers. While there has been weakness in some consumer end markets, Microchip has little exposure in areas such as personal computers and smartphones.”

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