Federated Hermes Inc. Increases Stock Position in Microchip Technology Incorporated $MCHP

Federated Hermes Inc. boosted its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 1,072.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 431,775 shares of the semiconductor company’s stock after buying an additional 394,949 shares during the period. Federated Hermes Inc. owned approximately 0.08% of Microchip Technology worth $30,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Zions Bancorporation National Association UT bought a new stake in shares of Microchip Technology during the 1st quarter valued at $71,000. Townsquare Capital LLC grew its holdings in Microchip Technology by 3.9% during the 1st quarter. Townsquare Capital LLC now owns 17,361 shares of the semiconductor company’s stock valued at $840,000 after buying an additional 653 shares in the last quarter. Virtu Financial LLC increased its position in shares of Microchip Technology by 51.8% during the first quarter. Virtu Financial LLC now owns 8,088 shares of the semiconductor company’s stock valued at $392,000 after buying an additional 2,760 shares during the period. Cooper Financial Group lifted its holdings in shares of Microchip Technology by 13.3% in the first quarter. Cooper Financial Group now owns 4,752 shares of the semiconductor company’s stock worth $230,000 after buying an additional 558 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Microchip Technology in the first quarter valued at approximately $74,107,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Truist Financial reaffirmed a “hold” rating and set a $60.00 target price (down previously from $64.00) on shares of Microchip Technology in a report on Friday, November 7th. Needham & Company LLC upped their price target on shares of Microchip Technology from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. TD Cowen lowered their price objective on Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Bank of America boosted their target price on Microchip Technology from $67.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Finally, Susquehanna decreased their target price on Microchip Technology from $85.00 to $75.00 and set a “positive” 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 given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.95.

Insider Activity at Microchip Technology

In related news, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total transaction of $216,273.88. Following the completion of the transaction, the chief financial officer owned 30,089 shares in the company, valued at approximately $1,516,184.71. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.94% of the stock is owned by insiders.

Microchip Technology Trading Down 0.7%

Shares of MCHP opened at $66.85 on Wednesday. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $77.20. The firm has a market cap of $36.13 billion, a price-to-earnings ratio of -148.56, a PEG ratio of 2.12 and a beta of 1.48. The firm has a 50 day moving average price of $60.27 and a 200-day moving average price of $64.77. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 2.25.

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

Microchip Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, November 24th. Microchip Technology’s payout ratio is currently -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.