Avanza Fonder AB Invests $641,000 in Microchip Technology Incorporated $MCHP

Avanza Fonder AB acquired a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,056 shares of the semiconductor company’s stock, valued at approximately $641,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Winnow Wealth LLC acquired a new stake in Microchip Technology during the 3rd quarter worth $25,000. Root Financial Partners LLC purchased a new stake in Microchip Technology in the third quarter valued at $28,000. Salomon & Ludwin LLC boosted its stake in Microchip Technology by 219.3% in the third quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 329 shares in the last quarter. Quent Capital LLC purchased a new position in shares of Microchip Technology during the third quarter worth about $32,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings 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 purchasing an additional 267 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MCHP shares. Wall Street Zen downgraded Microchip Technology from a “buy” rating to a “hold” rating in a report on Monday. B. Riley Financial raised their price target on Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Susquehanna lifted their price target on Microchip Technology from $75.00 to $90.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Barclays assumed coverage on Microchip Technology in a research note on Thursday, February 12th. They issued an “equal weight” rating and a $80.00 price objective for the company. Finally, Mizuho increased their price objective on Microchip Technology from $83.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Three research 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’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.

Microchip Technology Stock Performance

NASDAQ MCHP opened at $65.16 on Thursday. The firm has a market cap of $35.26 billion, a P/E ratio of -224.69, a P/E/G ratio of 1.65 and a beta of 1.45. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $83.35. The business’s 50-day moving average price is $72.76 and its 200 day moving average price is $66.58. 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 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 positive return on equity of 7.16% and a negative net margin of 1.57%.The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the business earned $0.20 EPS. The firm’s revenue 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. On average, equities research analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were issued a dividend of $0.455 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.82 annualized dividend and a dividend yield of 2.8%. Microchip Technology’s dividend payout ratio (DPR) is currently -627.59%.

Insiders Place Their Bets

In related news, CEO Steve Sanghi sold 98,814 shares of Microchip Technology stock in a transaction 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 transaction, the chief executive officer directly 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.94% of the stock is currently owned by company 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.