Microchip Technology Incorporated $MCHP Shares Bought by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG grew its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 132.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 253,186 shares of the semiconductor company’s stock after purchasing an additional 144,124 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Microchip Technology were worth $16,259,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Microchip Technology by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 72,075,558 shares of the semiconductor company’s stock worth $4,628,692,000 after purchasing an additional 1,507,554 shares during the period. Boston Partners grew its position in Microchip Technology by 38.0% during the 2nd quarter. Boston Partners now owns 14,802,525 shares of the semiconductor company’s stock worth $1,040,114,000 after purchasing an additional 4,076,112 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Microchip Technology by 13.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 209,384 shares of the semiconductor company’s stock valued at $13,447,000 after purchasing an additional 24,963 shares during the period. Assenagon Asset Management S.A. raised its stake in Microchip Technology by 498.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,034,797 shares of the semiconductor company’s stock valued at $130,675,000 after purchasing an additional 1,694,533 shares during the period. Finally, Voya Investment Management LLC lifted its holdings in shares of Microchip Technology by 37.2% in the third quarter. Voya Investment Management LLC now owns 3,361,581 shares of the semiconductor company’s stock valued at $215,881,000 after purchasing an additional 911,731 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on MCHP shares. Stifel Nicolaus set a $90.00 target price on Microchip Technology in a research report on Friday, February 6th. Argus raised Microchip Technology to a “strong-buy” rating in a research note on Monday, February 9th. Jefferies Financial Group restated a “hold” rating on shares of Microchip Technology in a research report on Wednesday, February 4th. Wolfe Research set a $85.00 target price on Microchip Technology in a research note on Tuesday, January 6th. Finally, Truist Financial upped their target price on Microchip Technology from $60.00 to $68.00 and gave the company a “hold” rating in a report on Friday, February 6th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

Microchip Technology Price Performance

Shares of NASDAQ:MCHP opened at $64.82 on Friday. The firm has a market cap of $35.08 billion, a price-to-earnings ratio of -223.52, a P/E/G ratio of 1.63 and a beta of 1.45. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year 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. The business has a fifty day simple moving average of $74.23 and a 200 day simple moving average of $66.73.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company posted $0.20 earnings per share. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors 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 yield of 2.8%. Microchip Technology’s dividend payout ratio is currently -627.59%.

Insiders Place Their Bets

In related news, CEO Steve Sanghi sold 98,814 shares of the firm’s stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.94% of the company’s stock.

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.