Microchip Technology Incorporated $MCHP Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 24.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,530,367 shares of the semiconductor company’s stock after purchasing an additional 495,570 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.47% of Microchip Technology worth $161,235,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in Microchip Technology by 51.3% in the 1st quarter. AQR Capital Management LLC now owns 17,201 shares of the semiconductor company’s stock valued at $827,000 after purchasing an additional 5,835 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Microchip Technology by 101.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,221 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 616 shares during the period. Intech Investment Management LLC raised its holdings in shares of Microchip Technology by 48.4% in the second quarter. Intech Investment Management LLC now owns 19,361 shares of the semiconductor company’s stock valued at $1,362,000 after buying an additional 6,317 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of Microchip Technology by 58.0% in the second quarter. TD Waterhouse Canada Inc. now owns 2,810 shares of the semiconductor company’s stock valued at $201,000 after buying an additional 1,032 shares during the last quarter. Finally, Ensign Peak Advisors Inc boosted its stake in shares of Microchip Technology by 3.2% during the second quarter. Ensign Peak Advisors Inc now owns 168,911 shares of the semiconductor company’s stock worth $11,886,000 after buying an additional 5,160 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Microchip Technology Stock Performance

NASDAQ MCHP opened at $64.34 on Tuesday. The stock has a market capitalization of $34.82 billion, a price-to-earnings ratio of -221.86, a PEG ratio of 1.59 and a beta of 1.45. The business’s 50 day moving average is $73.12 and its two-hundred day moving average is $66.59. Microchip Technology Incorporated has a 12-month low of $34.13 and a 12-month high of $83.35. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share 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 firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the business earned $0.20 earnings per share. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. 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 EPS for the current year.

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were paid a dividend of $0.455 per share. 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 Buying and Selling at Microchip Technology

In other news, CEO Steve Sanghi sold 98,814 shares of the stock in a transaction dated 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 $799,242,795.45. This trade represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.94% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MCHP has been the topic of a number of research reports. Citigroup lowered their price target on Microchip Technology from $92.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Argus raised Microchip Technology to a “strong-buy” rating in a research report on Monday, February 9th. Mizuho lifted their target price on Microchip Technology from $83.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Needham & Company LLC boosted their target price on Microchip Technology from $77.00 to $84.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Zacks Research cut Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus 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.