Microchip Technology Incorporated $MCHP Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. trimmed its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 35.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,735 shares of the semiconductor company’s stock after selling 33,297 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Microchip Technology were worth $3,965,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Microchip Technology by 2.1% during the third quarter. Vanguard Group Inc. now owns 72,075,558 shares of the semiconductor company’s stock worth $4,628,692,000 after buying an additional 1,507,554 shares in the last quarter. State Street Corp increased its stake in shares of Microchip Technology by 8.5% in the 2nd quarter. State Street Corp now owns 31,888,814 shares of the semiconductor company’s stock worth $2,244,016,000 after acquiring an additional 2,489,258 shares during the last quarter. Invesco Ltd. boosted its position in shares of Microchip Technology by 10.4% during the 2nd quarter. Invesco Ltd. now owns 18,452,546 shares of the semiconductor company’s stock valued at $1,298,506,000 after acquiring an additional 1,745,515 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Microchip Technology by 2.4% in the second quarter. Geode Capital Management LLC now owns 14,842,341 shares of the semiconductor company’s stock valued at $1,040,544,000 after purchasing an additional 343,210 shares during the period. Finally, Boston Partners increased its position in Microchip Technology by 38.2% during the second quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock worth $1,041,868,000 after purchasing an additional 4,101,034 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on MCHP shares. Cantor Fitzgerald increased their price target on shares of Microchip Technology from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. JPMorgan Chase & Co. upped their price objective on Microchip Technology from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Wolfe Research set a $85.00 price target on Microchip Technology in a research note on Tuesday, January 6th. Mizuho raised their price objective on Microchip Technology from $83.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, Weiss Ratings raised shares of Microchip Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 6th. Four analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $86.00.

Microchip Technology Trading Down 0.9%

NASDAQ MCHP opened at $75.93 on Wednesday. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $83.35. The firm has a 50 day moving average of $73.16 and a two-hundred day moving average of $66.35. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $41.09 billion, a PE ratio of -261.83, a price-to-earnings-growth ratio of 1.93 and a beta of 1.46.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share 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 was up 15.6% on a year-over-year basis. During the same period last year, the business earned $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, research analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

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

Insider Buying and Selling at Microchip Technology

In related news, CEO Steve Sanghi sold 98,814 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 9,922,319 shares in the company, valued at $799,242,795.45. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.94% of the company’s stock.

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.