Fiera Capital Corp Invests $841,000 in Microchip Technology Incorporated $MCHP

Fiera Capital Corp bought a new position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,096 shares of the semiconductor company’s stock, valued at approximately $841,000.

A number of other institutional investors have also bought and sold shares of MCHP. Florida Trust Wealth Management Co lifted its stake in shares of Microchip Technology by 3.3% in the 3rd quarter. Florida Trust Wealth Management Co now owns 4,890 shares of the semiconductor company’s stock valued at $314,000 after purchasing an additional 157 shares during the period. Clean Yield Group increased its holdings in Microchip Technology by 9.4% in the third quarter. Clean Yield Group now owns 1,890 shares of the semiconductor company’s stock worth $121,000 after purchasing an additional 163 shares in the last quarter. Slagle Financial LLC lifted its stake in Microchip Technology by 0.3% in the third quarter. Slagle Financial LLC now owns 64,485 shares of the semiconductor company’s stock valued at $4,141,000 after buying an additional 168 shares during the period. Global Trust Asset Management LLC boosted its holdings in shares of Microchip Technology by 2.4% during the 3rd quarter. Global Trust Asset Management LLC now owns 7,263 shares of the semiconductor company’s stock worth $466,000 after buying an additional 169 shares in the last quarter. Finally, Bollard Group LLC grew its position in shares of Microchip Technology by 5.8% during the 2nd quarter. Bollard Group LLC now owns 3,178 shares of the semiconductor company’s stock worth $224,000 after buying an additional 173 shares during the period. Institutional investors own 91.51% of the company’s stock.

Insider Transactions at Microchip Technology

In other news, CFO James Eric Bjornholt sold 4,292 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer owned 30,089 shares in the company, valued at $1,516,184.71. This trade represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Steve Sanghi sold 98,814 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total value of $7,959,467.70. Following the completion of the transaction, the chief executive officer owned 9,922,319 shares in the company, valued at approximately $799,242,795.45. The trade was a 0.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 121,615 shares of company stock valued at $9,641,654 in the last 90 days. 1.94% of the stock is currently owned by corporate insiders.

Microchip Technology Stock Up 0.7%

MCHP opened at $77.73 on Monday. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $83.35. The firm has a market capitalization of $42.06 billion, a P/E ratio of -268.03, a PEG ratio of 1.96 and a beta of 1.46. The company’s 50-day moving average is $72.77 and its 200 day moving average is $66.18. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.16 and a quick ratio of 1.16.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the business posted $0.20 EPS. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Research analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Monday, February 23rd will be given a dividend of $0.455 per share. The ex-dividend date is Monday, February 23rd. This represents a $1.82 annualized dividend and a yield of 2.3%. Microchip Technology’s dividend payout ratio is presently -627.59%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MCHP shares. Stifel Nicolaus set a $90.00 target price on shares of Microchip Technology in a research note on Friday, February 6th. Citigroup cut their price objective on shares of Microchip Technology from $92.00 to $91.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Susquehanna boosted their target price on Microchip Technology from $75.00 to $90.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. UBS Group increased their price target on Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Finally, Wells Fargo & Company boosted their price objective on Microchip Technology from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.00.

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.