Ameritas Investment Partners Inc. Has $2.13 Million Stake in Microchip Technology Incorporated $MCHP

Ameritas Investment Partners Inc. lowered its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 19.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,142 shares of the semiconductor company’s stock after selling 8,194 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Microchip Technology were worth $2,128,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MCHP. AQR Capital Management LLC raised its holdings in Microchip Technology by 51.3% during the 1st quarter. AQR Capital Management LLC now owns 17,201 shares of the semiconductor company’s stock worth $827,000 after buying an additional 5,835 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Microchip Technology by 101.8% during the first quarter. Geneos Wealth Management Inc. now owns 1,221 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 616 shares in the last quarter. Freedom Investment Management Inc. bought a new stake in shares of Microchip Technology during the second quarter worth $212,000. Sage Mountain Advisors LLC acquired a new stake in shares of Microchip Technology during the second quarter worth $285,000. Finally, Focus Partners Advisor Solutions LLC bought a new stake in Microchip Technology in the 2nd quarter valued at $409,000. Institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

MCHP has been the subject of a number of research reports. B. Riley Financial increased their target price on Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Truist Financial upped their price objective on Microchip Technology from $60.00 to $68.00 and gave the stock a “hold” rating in a research report on Friday, February 6th. Morgan Stanley increased their price objective on Microchip Technology from $68.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Wolfe Research set a $85.00 target price on Microchip Technology in a research note on Tuesday, January 6th. Finally, BNP Paribas Exane raised Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 price target for the company in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Insiders Place Their Bets

In related news, CEO Steve Sanghi sold 98,814 shares of the stock in a transaction on 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 owned 9,922,319 shares in the company, valued at approximately $799,242,795.45. This represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.94% of the company’s stock.

Microchip Technology Stock Performance

Shares of MCHP opened at $76.60 on Tuesday. The company has a market cap of $41.45 billion, a PE ratio of -264.14, a price-to-earnings-growth ratio of 1.96 and a beta of 1.46. The firm has a 50-day moving average of $72.96 and a 200-day moving average of $66.26. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $83.35. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.16 and a quick ratio of 1.16.

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 the consensus estimate 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 business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the business posted $0.20 EPS. Microchip Technology’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. As a group, equities analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Monday, February 23rd will be issued a dividend of $0.455 per share. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.4%. Microchip Technology’s payout ratio is presently -627.59%.

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.