Baird Financial Group Inc. Has $7.85 Million Position in Microchip Technology Incorporated $MCHP

Baird Financial Group Inc. cut its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 79.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 111,517 shares of the semiconductor company’s stock after selling 439,778 shares during the quarter. Baird Financial Group Inc.’s holdings in Microchip Technology were worth $7,847,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MCHP. Orbis Allan Gray Ltd acquired a new stake in shares of Microchip Technology during the first quarter worth $369,612,000. Norges Bank bought a new position in Microchip Technology during the 2nd quarter worth about $473,320,000. Boston Partners raised its stake in shares of Microchip Technology by 38.2% in the 2nd quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock valued at $1,041,868,000 after purchasing an additional 4,101,034 shares during the period. Amundi lifted its holdings in shares of Microchip Technology by 22.7% in the first quarter. Amundi now owns 10,013,285 shares of the semiconductor company’s stock valued at $484,743,000 after purchasing an additional 1,849,866 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Microchip Technology by 10.4% during the second quarter. Invesco Ltd. now owns 18,452,546 shares of the semiconductor company’s stock worth $1,298,506,000 after buying an additional 1,745,515 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total value of $216,273.88. Following the transaction, the chief financial officer directly owned 30,089 shares of the company’s stock, valued at $1,516,184.71. This represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.94% of the company’s stock.

Microchip Technology Stock Performance

Shares of NASDAQ MCHP opened at $67.35 on Tuesday. The company has a current ratio of 2.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $36.40 billion, a P/E ratio of -149.67, a P/E/G ratio of 2.28 and a beta of 1.48. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $77.20. The stock has a 50 day moving average of $60.22 and a 200-day moving average of $64.69.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the business earned $0.46 EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, equities research analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Investors 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 dividend yield of 2.7%. Microchip Technology’s payout ratio is presently -404.44%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MCHP shares. Morgan Stanley lifted their target price on Microchip Technology from $63.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 4th. KeyCorp reiterated an “overweight” rating on shares of Microchip Technology in a report on Wednesday, December 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. Susquehanna decreased their target price on shares of Microchip Technology from $85.00 to $75.00 and set a “positive” rating for the company in a research report on Friday, November 7th. Finally, Wells Fargo & Company lowered their price target on shares of 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 investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $74.95.

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.