Telemark Asset Management LLC Has $12.65 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Telemark Asset Management LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 50.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,000 shares of the software giant’s stock after purchasing an additional 10,000 shares during the quarter. Microsoft comprises about 1.3% of Telemark Asset Management LLC’s portfolio, making the stock its 28th biggest holding. Telemark Asset Management LLC’s holdings in Microsoft were worth $12,645,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft during the 4th quarter worth approximately $38,000. IFS Advisors LLC increased its position in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management increased its position in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft during the 3rd quarter worth approximately $62,000. Finally, Fairway Wealth LLC acquired a new position in shares of Microsoft during the 4th quarter worth approximately $62,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Up 1.0%

Shares of NASDAQ MSFT opened at $458.87 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.41 trillion, a price-to-earnings ratio of 36.95, a PEG ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The stock has a 50-day moving average price of $396.84 and a two-hundred day moving average price of $412.71.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. Microsoft’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.94 EPS. As a group, analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.72%. Microsoft’s dividend payout ratio is currently 25.66%.

Insider Buying and Selling

In other news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, the executive vice president now owns 43,100 shares in the company, valued at approximately $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the transaction, the insider now owns 471,036 shares in the company, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 94,243 shares of company stock worth $41,288,738 in the last 90 days. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wedbush lifted their price target on Microsoft from $475.00 to $515.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. DA Davidson lifted their price target on Microsoft from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. KeyCorp reiterated a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. Tigress Financial lifted their price target on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. lifted their price target on Microsoft from $465.00 to $475.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $510.30.

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.