Pacer Advisors Inc. Sells 10,128 Shares of Microchip Technology Incorporated $MCHP

Pacer Advisors Inc. lowered its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 9.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,442 shares of the semiconductor company’s stock after selling 10,128 shares during the period. Pacer Advisors Inc.’s holdings in Microchip Technology were worth $6,579,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MCHP. Lansforsakringar Fondforvaltning AB publ acquired a new stake in Microchip Technology in the first quarter valued at $318,000. WPG Advisers LLC acquired a new position in shares of Microchip Technology during the 1st quarter worth about $40,000. Canada Pension Plan Investment Board raised its holdings in shares of Microchip Technology by 2,580.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,064,964 shares of the semiconductor company’s stock valued at $51,555,000 after purchasing an additional 1,025,228 shares during the period. Evergreen Capital Management LLC lifted its stake in Microchip Technology by 91.1% in the 1st quarter. Evergreen Capital Management LLC now owns 6,955 shares of the semiconductor company’s stock valued at $337,000 after purchasing an additional 3,316 shares during the last quarter. Finally, Vident Advisory LLC grew its holdings in Microchip Technology by 32.0% during the first quarter. Vident Advisory LLC now owns 25,614 shares of the semiconductor company’s stock worth $1,240,000 after purchasing an additional 6,209 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MCHP shares. Bank of America upped their price objective on Microchip Technology from $67.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. Susquehanna dropped their price target 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. Needham & Company LLC lifted their price objective on shares of Microchip Technology from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Rosenblatt Securities reiterated a “buy” rating and issued a $80.00 price objective on shares of Microchip Technology in a report on Wednesday, December 3rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $76.00.

Microchip Technology Stock Down 0.6%

MCHP stock opened at $64.94 on Monday. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $77.20. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.25 and a quick ratio of 1.20. The stock has a market capitalization of $35.10 billion, a price-to-earnings ratio of -144.31, a PEG ratio of 2.03 and a beta of 1.48. The business’s fifty day moving average price is $60.50 and its two-hundred day moving average price is $65.08.

Microchip Technology (NASDAQ:MCHP) last released its quarterly 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. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the company posted $0.46 earnings per share. Microchip Technology’s 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. On average, equities 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 announced a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were issued a dividend of $0.455 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.82 annualized dividend and a dividend yield of 2.8%. Microchip Technology’s dividend payout ratio (DPR) is currently -404.44%.

Insider Buying and Selling at Microchip Technology

In related news, CFO James Eric Bjornholt sold 4,292 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the completion of the sale, the chief financial officer directly owned 30,089 shares in the company, valued at approximately $1,516,184.71. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.94% of the company’s stock.

Microchip Technology Company Profile

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip’s products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.