AXQ Capital LP Purchases Shares of 14,417 Microchip Technology Incorporated $MCHP

AXQ Capital LP 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 SEC. The firm acquired 14,417 shares of the semiconductor company’s stock, valued at approximately $926,000.

Other large investors have also recently made changes to their positions in the company. Winnow Wealth LLC purchased a new position in shares of Microchip Technology in the 3rd quarter valued at about $25,000. Root Financial Partners LLC acquired a new stake in Microchip Technology in the 3rd quarter valued at $28,000. Salomon & Ludwin LLC lifted its holdings in Microchip Technology by 219.3% during the third quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 329 shares in the last quarter. Quent Capital LLC purchased a new position in Microchip Technology during the third quarter valued at $32,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in shares of Microchip Technology by 106.8% during the 3rd 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 currently owned by institutional investors and hedge funds.

Microchip Technology Trading Down 1.5%

NASDAQ MCHP opened at $76.60 on Tuesday. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $83.35. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.16 and a current ratio of 2.16. The stock has a 50 day simple moving average of $72.96 and a two-hundred day simple moving average of $66.26. The stock has a market cap of $41.45 billion, a P/E ratio of -264.14, a price-to-earnings-growth ratio of 1.96 and a beta of 1.46.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The business’s revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. On average, analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, February 23rd. Microchip Technology’s dividend payout ratio (DPR) is currently -627.59%.

Insider Buying and Selling

In other Microchip Technology news, 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 value of $7,959,467.70. Following the completion of the sale, the chief executive officer owned 9,922,319 shares of the company’s stock, valued at approximately $799,242,795.45. This trade represents a 0.99% decrease in their position. The transaction 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.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MCHP. 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 note on Thursday, January 22nd. Zacks Research raised Microchip Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Jefferies Financial Group reiterated a “hold” rating on shares of Microchip Technology in a report on Wednesday, February 4th. TD Cowen cut their price target on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Finally, KeyCorp reiterated an “overweight” rating and issued a $85.00 target price on shares of Microchip Technology in a 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.