Microchip Technology Incorporated $MCHP Stake Raised by Natural Investments LLC
MarketBeat
Natural Investments LLC significantly increased its stake in Microchip Technology Inc. (MCHP) by 3,410.6% during the second quarter, bringing its total holdings to 119,359 shares valued at $10.9 million. This move makes Microchip Technology its 8th largest holding. The semiconductor company reported strong quarterly earnings, beating estimates with $0.76 EPS and a 38% year-over-year revenue increase to $1.48 billion, while also declaring a quarterly dividend of $0.455 per share.
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