Microchip Technology Incorporated $MCHP is Boston Partners’ 8th Largest Position

Boston Partners raised its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 38.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,827,447 shares of the semiconductor company’s stock after acquiring an additional 4,101,034 shares during the period. Microchip Technology makes up 1.2% of Boston Partners’ holdings, making the stock its 8th biggest holding. Boston Partners owned approximately 2.75% of Microchip Technology worth $1,041,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Parsons Capital Management Inc. RI purchased a new stake in shares of Microchip Technology in the 2nd quarter valued at $280,000. Mizuho Markets Cayman LP purchased a new position in Microchip Technology during the 2nd quarter valued at about $107,584,000. Charles Schwab Investment Management Inc. grew its position in Microchip Technology by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,266,402 shares of the semiconductor company’s stock valued at $158,127,000 after acquiring an additional 122,633 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Microchip Technology by 0.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 16,630,574 shares of the semiconductor company’s stock worth $805,087,000 after purchasing an additional 152,434 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Microchip Technology by 4.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 421,195 shares of the semiconductor company’s stock worth $30,773,000 after purchasing an additional 17,366 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MCHP has been the subject of several recent research reports. Raymond James Financial raised their price objective on shares of Microchip Technology from $65.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Friday, August 8th. Citigroup reduced their target price on shares of Microchip Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Susquehanna dropped their price target on shares of Microchip Technology from $85.00 to $75.00 and set a “positive” rating for the company in a research note on Friday, November 7th. Morgan Stanley upped their price objective on Microchip Technology from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 4th. Finally, Wells Fargo & Company reduced their price objective on Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. One 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $73.47.

Microchip Technology Price Performance

Microchip Technology stock opened at $51.83 on Wednesday. The stock has a market cap of $28.01 billion, a P/E ratio of -152.44, a price-to-earnings-growth ratio of 1.79 and a beta of 1.57. The company has a fifty day simple moving average of $61.36 and a 200-day simple moving average of $64.80. Microchip Technology Incorporated has a 12-month low of $34.13 and a 12-month high of $77.20. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 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%.Microchip Technology’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Equities analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be paid a dividend of $0.455 per share. The ex-dividend date is Monday, November 24th. This represents a $1.82 annualized dividend and a yield of 3.5%. Microchip Technology’s payout ratio is presently -404.44%.

Microchip Technology Profile

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.