Vanguard Group Inc. Raises Stock Position in Microchip Technology Incorporated $MCHP

Vanguard Group Inc. boosted its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,075,558 shares of the semiconductor company’s stock after purchasing an additional 1,507,554 shares during the period. Vanguard Group Inc. owned approximately 13.36% of Microchip Technology worth $4,628,692,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MCHP. Winnow Wealth LLC purchased a new position in shares of Microchip Technology in the 3rd quarter worth $25,000. Root Financial Partners LLC purchased a new stake in Microchip Technology during the third quarter valued at $28,000. Salomon & Ludwin LLC lifted its holdings 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 during the period. Quent Capital LLC bought a new position in Microchip Technology in the third quarter valued at about $32,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in 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 purchasing an additional 267 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MCHP shares. Needham & Company LLC upped their price target on shares of Microchip Technology from $77.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. lifted their price target on shares of Microchip Technology from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Rosenblatt Securities upped their price objective on Microchip Technology from $80.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Morgan Stanley raised their target price on Microchip Technology from $68.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Finally, Mizuho lifted their target price on Microchip Technology from $83.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $86.00.

Insiders Place Their Bets

In related news, CEO Steve Sanghi sold 98,814 shares of the business’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total value of $7,959,467.70. Following the sale, the chief executive officer directly owned 9,922,319 shares in the company, valued at approximately $799,242,795.45. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James Eric Bjornholt sold 4,292 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total value of $216,273.88. Following the transaction, the chief financial officer directly owned 30,089 shares of the company’s stock, valued at approximately $1,516,184.71. The trade was a 12.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 121,615 shares of company stock worth $9,641,654. 1.94% of the stock is currently owned by insiders.

Microchip Technology Stock Performance

NASDAQ:MCHP opened at $78.94 on Wednesday. The stock has a 50-day moving average price of $72.18 and a 200 day moving average price of $65.94. The stock has a market capitalization of $42.72 billion, a P/E ratio of -272.21, a P/E/G ratio of 1.98 and a beta of 1.46. 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, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 EPS. 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 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Monday, February 23rd. Microchip Technology’s payout ratio is currently -627.59%.

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.