Aberdeen Group plc Has $27.46 Million Stock Holdings in Microchip Technology Incorporated $MCHP

Aberdeen Group plc lifted its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 430,962 shares of the semiconductor company’s stock after purchasing an additional 10,731 shares during the period. Aberdeen Group plc owned 0.08% of Microchip Technology worth $27,461,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Florida Trust Wealth Management Co boosted its holdings in shares of Microchip Technology by 3.3% during the 3rd quarter. Florida Trust Wealth Management Co now owns 4,890 shares of the semiconductor company’s stock worth $314,000 after buying an additional 157 shares during the period. Clean Yield Group grew its stake in Microchip Technology by 9.4% in the 3rd quarter. Clean Yield Group now owns 1,890 shares of the semiconductor company’s stock valued at $121,000 after buying an additional 163 shares during the last quarter. Slagle Financial LLC raised its holdings in Microchip Technology by 0.3% in the 3rd quarter. Slagle Financial LLC now owns 64,485 shares of the semiconductor company’s stock worth $4,141,000 after acquiring an additional 168 shares during the period. Global Trust Asset Management LLC raised its holdings in Microchip Technology by 2.4% in the 3rd quarter. Global Trust Asset Management LLC now owns 7,263 shares of the semiconductor company’s stock worth $466,000 after acquiring an additional 169 shares during the period. Finally, Bollard Group LLC lifted its position in 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 acquiring an additional 173 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MCHP shares. JPMorgan Chase & Co. upped their price target on shares of Microchip Technology from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Wall Street Zen raised Microchip Technology from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. Morgan Stanley increased their target price 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. Wells Fargo & Company raised their target price on Microchip Technology from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. Finally, BNP Paribas Exane raised Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 price target on the stock in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.00.

Microchip Technology Price Performance

MCHP opened at $65.60 on Monday. The company has a market capitalization of $35.50 billion, a P/E ratio of -226.21, a P/E/G ratio of 0.91 and a beta of 1.49. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.16 and a quick ratio of 1.16. The firm’s fifty day moving average price is $71.24 and its two-hundred day moving average price is $66.55. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $83.35.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the company posted $0.20 EPS. The business’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. On average, analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.8%. Microchip Technology’s dividend payout ratio (DPR) is presently -627.59%.

Insider Activity at Microchip Technology

In other news, CEO Steve Sanghi sold 98,814 shares of the business’s 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 sale, 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.94% of the company’s stock.

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.