Telemark Asset Management LLC Has $8.61 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Telemark Asset Management LLC reduced its holdings in Microsoft Co. (NASDAQ:MSFT) by 50.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,000 shares of the software giant’s stock after selling 20,000 shares during the period. Telemark Asset Management LLC’s holdings in Microsoft were worth $8,606,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MSFT. Christopher J. Hasenberg Inc raised its holdings in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after acquiring an additional 25 shares in the last quarter. Quarry LP acquired a new stake in Microsoft during the second quarter worth $45,000. MidAtlantic Capital Management Inc. acquired a new stake in Microsoft during the third quarter worth $62,000. Innealta Capital LLC acquired a new position in shares of Microsoft in the 2nd quarter valued at $75,000. Finally, Carolina Wealth Advisors LLC lifted its holdings in shares of Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after acquiring an additional 31 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Down 1.1 %

Shares of Microsoft stock opened at $442.33 on Thursday. The business has a fifty day simple moving average of $432.01 and a 200 day simple moving average of $425.03. The stock has a market cap of $3.29 trillion, a PE ratio of 36.50, a price-to-earnings-growth ratio of 2.40 and a beta of 0.90. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. During the same quarter last year, the company posted $2.93 earnings per share. Research analysts predict that Microsoft Co. will post 12.9 EPS for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.75%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Insider Activity

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares in the company, valued at approximately $48,911,598. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock valued at $17,383,892 in the last quarter. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of several recent research reports. Citigroup dropped their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Morgan Stanley dropped their price objective on Microsoft from $548.00 to $540.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. BMO Capital Markets reduced their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $512.66.

Microsoft Company Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.