Penserra Capital Management LLC Acquires 132,747 Shares of Microchip Technology Incorporated $MCHP

Penserra Capital Management LLC raised its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 47.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 413,499 shares of the semiconductor company’s stock after purchasing an additional 132,747 shares during the period. Penserra Capital Management LLC owned 0.08% of Microchip Technology worth $26,553,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Winnow Wealth LLC bought a new stake in Microchip Technology in the third quarter valued at approximately $25,000. Root Financial Partners LLC bought a new position in Microchip Technology during the 3rd quarter worth approximately $28,000. Salomon & Ludwin LLC lifted its position in shares of Microchip Technology by 219.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 329 shares during the period. Quent Capital LLC bought a new stake in shares of Microchip Technology in the 3rd quarter valued at $32,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in shares of Microchip Technology by 106.8% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after buying an additional 267 shares during the period. Institutional investors own 91.51% of the company’s stock.

Microchip Technology Price Performance

Shares of MCHP opened at $76.66 on Wednesday. The business’s fifty day moving average is $68.51 and its 200 day moving average is $65.40. Microchip Technology Incorporated has a 12-month low of $34.13 and a 12-month high of $81.43. The company has a quick ratio of 1.20, a current ratio of 2.25 and a debt-to-equity ratio of 0.80. The stock has a market cap of $41.43 billion, a P/E ratio of -170.36, a P/E/G ratio of 2.00 and a beta of 1.46.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. The business’s revenue was down 2.0% on a year-over-year basis. 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. Sell-side analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were given 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 2.4%. Microchip Technology’s payout ratio is presently -404.44%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Microchip Technology from $85.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 26th. Wells Fargo & Company lifted their price objective on Microchip Technology from $58.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Needham & Company LLC upped their target price on Microchip Technology from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. TD Cowen decreased their target price on Microchip Technology from $65.00 to $60.00 and set a “hold” rating for the company in a research note on Friday, November 7th. Finally, BNP Paribas Exane upgraded Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 target price for the company in a report on Thursday, January 22nd. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.73.

Insider Buying and Selling at Microchip Technology

In related news, CEO Steve Sanghi sold 98,814 shares of the stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total value of $7,959,467.70. Following the completion of the sale, the chief executive officer directly owned 9,922,319 shares of the company’s stock, valued at approximately $799,242,795.45. This represents a 0.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO James Eric Bjornholt sold 4,292 shares of the firm’s stock in a transaction on 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 owned 30,089 shares in the company, valued at approximately $1,516,184.71. This trade represents a 12.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 121,615 shares of company stock valued at $9,641,654 in the last quarter. 1.94% of the stock is currently owned by corporate insiders.

About Microchip Technology

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.