Dimensional Fund Advisors LP Acquires 111,302 Shares of Microchip Technology Incorporated $MCHP

Dimensional Fund Advisors LP grew its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,243,540 shares of the semiconductor company’s stock after purchasing an additional 111,302 shares during the period. Dimensional Fund Advisors LP owned approximately 0.42% of Microchip Technology worth $144,076,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Winnow Wealth LLC purchased a new position in Microchip Technology in the 3rd quarter valued at approximately $25,000. Root Financial Partners LLC bought a new stake in Microchip Technology during the 3rd quarter valued at $28,000. Salomon & Ludwin LLC lifted its position in shares of Microchip Technology by 219.3% during the third quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 329 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Microchip Technology during the third quarter worth $32,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Microchip Technology by 106.8% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 267 shares during the period. 91.51% of the stock is owned by institutional investors.

Microchip Technology Stock Performance

NASDAQ MCHP opened at $65.33 on Wednesday. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $83.35. The company has a fifty day moving average of $74.25 and a 200-day moving average of $66.70. The company has a market capitalization of $35.35 billion, a P/E ratio of -225.28, a P/E/G ratio of 1.64 and a beta of 1.45. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.16 and a current ratio of 2.16.

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

Microchip Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were paid a $0.455 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.8%. Microchip Technology’s dividend payout ratio is -627.59%.

Insider Transactions at Microchip Technology

In other Microchip Technology news, CEO Steve Sanghi sold 98,814 shares of the company’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the completion of the sale, the chief executive officer directly owned 9,922,319 shares in the company, valued at $799,242,795.45. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.94% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MCHP has been the topic of a number of analyst reports. Morgan Stanley boosted their price objective on Microchip Technology from $68.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Piper Sandler lifted their target price on Microchip Technology from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Cantor Fitzgerald upped their price target on Microchip Technology from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Barclays assumed coverage on shares of Microchip Technology in a research note on Thursday, February 12th. They issued an “equal weight” rating and a $80.00 target price on the stock. Finally, KeyCorp restated an “overweight” rating and set a $85.00 price target on shares of Microchip Technology in a research report on Friday, February 6th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.00.

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.