Microchip Technology Incorporated $MCHP Shares Purchased by Cibc World Market Inc.

Cibc World Market Inc. boosted its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 223.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,902 shares of the semiconductor company’s stock after acquiring an additional 97,333 shares during the period. Cibc World Market Inc.’s holdings in Microchip Technology were worth $9,049,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MCHP. Mizuho Markets Cayman LP purchased a new stake in Microchip Technology during the 2nd quarter worth about $107,584,000. Boston Partners lifted its stake in shares of Microchip Technology by 38.0% during the second quarter. Boston Partners now owns 14,802,525 shares of the semiconductor company’s stock valued at $1,040,114,000 after buying an additional 4,076,112 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Microchip Technology by 498.0% during the third quarter. Assenagon Asset Management S.A. now owns 2,034,797 shares of the semiconductor company’s stock valued at $130,675,000 after buying an additional 1,694,533 shares during the period. Voya Investment Management LLC boosted its position in Microchip Technology by 37.2% during the third quarter. Voya Investment Management LLC now owns 3,361,581 shares of the semiconductor company’s stock worth $215,881,000 after acquiring an additional 911,731 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in Microchip Technology in the 3rd quarter worth approximately $3,698,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Microchip Technology Stock Down 0.5%

Shares of Microchip Technology stock opened at $78.56 on Friday. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $83.35. The stock has a market cap of $42.51 billion, a price-to-earnings ratio of -270.90, a price-to-earnings-growth ratio of 1.98 and a beta of 1.46. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average price of $71.71 and a 200 day moving average price of $65.84.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share for the quarter, topping 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 company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the business earned $0.20 earnings per share. The company’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. Equities research analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, February 23rd. Microchip Technology’s payout ratio is presently -627.59%.

Insider Buying and Selling at Microchip Technology

In related news, CFO James Eric Bjornholt sold 4,292 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total transaction of $216,273.88. Following the completion of the sale, the chief financial officer directly owned 30,089 shares of the company’s stock, valued at approximately $1,516,184.71. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steve Sanghi sold 98,814 shares of Microchip Technology stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the sale, 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 SEC filing for this sale provides additional information. Insiders sold 121,615 shares of company stock valued at $9,641,654 over the last 90 days. Insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

MCHP has been the subject of a number of recent analyst reports. Cantor Fitzgerald lifted their price objective on Microchip Technology from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Wolfe Research set a $85.00 price objective on shares of Microchip Technology in a research note on Tuesday, January 6th. KeyCorp reissued an “overweight” rating and issued a $85.00 target price on shares of Microchip Technology in a research report on Friday, February 6th. BNP Paribas Exane upgraded shares of Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 target price for the company in a report on Thursday, January 22nd. Finally, Weiss Ratings raised shares of Microchip Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 6th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $86.00.

Microchip Technology Company 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.