First National Bank of Omaha Takes $3.63 Million Position in Microchip Technology Incorporated $MCHP

First National Bank of Omaha acquired a new position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 56,518 shares of the semiconductor company’s stock, valued at approximately $3,630,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. NEOS Investment Management LLC raised its holdings in shares of Microchip Technology by 68.1% in the 3rd quarter. NEOS Investment Management LLC now owns 244,937 shares of the semiconductor company’s stock valued at $15,730,000 after purchasing an additional 99,204 shares in the last quarter. GSA Capital Partners LLP increased its position in Microchip Technology by 25.5% during the third quarter. GSA Capital Partners LLP now owns 7,236 shares of the semiconductor company’s stock worth $465,000 after buying an additional 1,471 shares during the period. Wealthcare Advisory Partners LLC raised its position in Microchip Technology by 4.1% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 9,653 shares of the semiconductor company’s stock valued at $620,000 after purchasing an additional 383 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Microchip Technology by 2.8% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 119,787 shares of the semiconductor company’s stock worth $7,690,000 after buying an additional 3,314 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Microchip Technology by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 72,075,558 shares of the semiconductor company’s stock valued at $4,628,692,000 after purchasing an additional 1,507,554 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Microchip Technology Stock Up 0.5%

MCHP stock opened at $78.94 on Wednesday. The company has a market capitalization of $42.72 billion, a P/E ratio of -272.21, a PEG 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. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $83.35. The firm has a 50 day simple moving average of $72.18 and a 200-day simple moving average of $65.94.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results 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. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. On average, equities research analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

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

Insider Buying and Selling at Microchip Technology

In other news, CFO James Eric Bjornholt sold 4,292 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $1,516,184.71. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Steve Sanghi sold 98,814 shares of Microchip Technology stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the completion of the transaction, the chief executive officer directly owned 9,922,319 shares of the company’s stock, valued at $799,242,795.45. This trade represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 121,615 shares of company stock worth $9,641,654 over the last 90 days. 1.94% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on MCHP shares. Cantor Fitzgerald boosted their price target on shares of Microchip Technology from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Susquehanna raised their price target on Microchip Technology from $75.00 to $90.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. UBS Group raised their price target on Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Wall Street Zen raised shares of Microchip Technology from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Mizuho raised their price target on Microchip Technology from $83.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Microchip Technology currently has an average 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.