Microchip Technology Incorporated $MCHP Shares Acquired by Becker Capital Management Inc.

Becker Capital Management Inc. increased its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 8.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,112 shares of the semiconductor company’s stock after purchasing an additional 8,088 shares during the period. Becker Capital Management Inc.’s holdings in Microchip Technology were worth $6,815,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. 111 Capital grew its holdings in Microchip Technology by 77.9% in the 3rd quarter. 111 Capital now owns 5,544 shares of the semiconductor company’s stock valued at $356,000 after buying an additional 2,427 shares during the period. Fisher Asset Management LLC grew its holdings in Microchip Technology by 30.4% in the third quarter. Fisher Asset Management LLC now owns 5,189 shares of the semiconductor company’s stock valued at $333,000 after purchasing an additional 1,211 shares during the period. APG Asset Management N.V. grew its holdings in Microchip Technology by 1.3% in the third quarter. APG Asset Management N.V. now owns 302,700 shares of the semiconductor company’s stock valued at $19,439,000 after purchasing an additional 4,000 shares during the period. Sierra Summit Advisors LLC increased its position in Microchip Technology by 90.4% during the third quarter. Sierra Summit Advisors LLC now owns 32,748 shares of the semiconductor company’s stock worth $2,103,000 after purchasing an additional 15,547 shares during the last quarter. Finally, Huntington National Bank raised its stake in Microchip Technology by 15.6% during the third quarter. Huntington National Bank now owns 18,700 shares of the semiconductor company’s stock worth $1,201,000 after purchasing an additional 2,522 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Microchip Technology news, CEO Steve Sanghi sold 98,814 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 9,922,319 shares of the company’s stock, valued at $799,242,795.45. This represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.94% of the stock is currently owned by insiders.

Microchip Technology Stock Down 0.4%

Shares of NASDAQ:MCHP opened at $74.31 on Tuesday. The company has a market capitalization of $40.21 billion, a price-to-earnings ratio of -256.24, a price-to-earnings-growth ratio of 1.88 and a beta of 1.46. The company has a 50 day moving average of $73.97 and a two-hundred day moving average of $66.65. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $83.35. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82.

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

Microchip Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be issued 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 2.4%. Microchip Technology’s payout ratio is currently -627.59%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Morgan Stanley upped their price objective on Microchip Technology from $68.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Argus upgraded Microchip Technology to a “strong-buy” rating in a research note on Monday, February 9th. Susquehanna lifted their price objective on Microchip Technology from $75.00 to $90.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Weiss Ratings raised shares of Microchip Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 6th. Finally, Barclays began coverage on shares of Microchip Technology in a report on Thursday, February 12th. They issued an “equal weight” rating and a $80.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $86.00.

Microchip Technology 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.