Ameritas Investment Partners Inc. Has $2.91 Million Stake in Microchip Technology Incorporated $MCHP

Ameritas Investment Partners Inc. boosted its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 6.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,336 shares of the semiconductor company’s stock after purchasing an additional 2,669 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Microchip Technology were worth $2,909,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. MCF Advisors LLC grew its holdings in shares of Microchip Technology by 211.2% during the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 321 shares during the last quarter. Carderock Capital Management Inc. bought a new position in Microchip Technology in the 2nd quarter valued at about $39,000. Painted Porch Advisors LLC acquired a new position in Microchip Technology during the 2nd quarter valued at about $40,000. Fourth Dimension Wealth LLC increased its holdings in Microchip Technology by 98.7% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 298 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its holdings in Microchip Technology by 115.4% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 823 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 441 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MCHP. Susquehanna cut their target price on Microchip Technology from $85.00 to $75.00 and set a “positive” rating on the stock in a research report on Friday, November 7th. Stifel Nicolaus cut their price objective on shares of Microchip Technology from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Wells Fargo & Company reduced their target price on shares of Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Truist Financial reissued a “hold” rating and set a $60.00 price target (down from $64.00) on shares of Microchip Technology in a research report on Friday, November 7th. Finally, Morgan Stanley boosted their price target on shares of Microchip Technology from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.47.

Microchip Technology Price Performance

Shares of NASDAQ MCHP opened at $51.25 on Tuesday. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. The stock has a fifty day simple moving average of $61.62 and a two-hundred day simple moving average of $64.83. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $77.20. The firm has a market cap of $27.70 billion, a price-to-earnings ratio of -150.74, a price-to-earnings-growth ratio of 1.79 and a beta of 1.57.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The business’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th will be issued a dividend of $0.455 per share. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.82 annualized dividend and a yield of 3.6%. Microchip Technology’s dividend payout ratio is -404.44%.

About Microchip Technology

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.