Microchip Technology Incorporated $MCHP Stake Raised by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 25.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,048,057 shares of the semiconductor company’s stock after purchasing an additional 2,257,932 shares during the period. Microchip Technology comprises 2.3% of Barrow Hanley Mewhinney & Strauss LLC’s holdings, making the stock its 3rd biggest holding. Barrow Hanley Mewhinney & Strauss LLC owned approximately 2.04% of Microchip Technology worth $709,506,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MCHP. Mackenzie Financial Corp raised its holdings in shares of Microchip Technology by 4.0% in the third quarter. Mackenzie Financial Corp now owns 55,910 shares of the semiconductor company’s stock worth $3,591,000 after buying an additional 2,128 shares during the period. Magnetar Financial LLC purchased a new position in Microchip Technology during the 3rd quarter valued at $1,829,000. Bank of Montreal Can boosted its holdings in Microchip Technology by 49.8% during the 3rd quarter. Bank of Montreal Can now owns 2,243,633 shares of the semiconductor company’s stock valued at $144,086,000 after acquiring an additional 745,387 shares during the period. Legal & General Group Plc boosted its holdings in Microchip Technology by 1.0% during the 3rd quarter. Legal & General Group Plc now owns 3,350,350 shares of the semiconductor company’s stock valued at $215,159,000 after acquiring an additional 33,449 shares during the period. Finally, Inceptionr LLC grew its position in Microchip Technology by 9.5% in the 3rd quarter. Inceptionr LLC now owns 9,664 shares of the semiconductor company’s stock valued at $621,000 after acquiring an additional 840 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Microchip Technology Stock Performance

MCHP stock opened at $65.33 on Wednesday. The firm has a market cap of $35.35 billion, a price-to-earnings ratio of -225.28, a PEG ratio of 1.64 and a beta of 1.45. The firm has a 50-day simple moving average of $74.25 and a two-hundred day simple moving average of $66.70. 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 quick ratio of 1.16 and a current ratio of 2.16.

Microchip Technology (NASDAQ:MCHP) last released its quarterly 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. The company had revenue of $1.19 billion during 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 firm’s revenue was up 15.6% compared to the same quarter last year. During the same period last year, the business posted $0.20 earnings per share. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. On average, equities analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, February 23rd. Microchip Technology’s dividend payout ratio (DPR) is -627.59%.

Analyst Ratings Changes

MCHP has been the topic of a number of research analyst reports. BNP Paribas Exane upgraded shares of Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 price target on the stock in a report on Thursday, January 22nd. Truist Financial upped their target price on shares of Microchip Technology from $60.00 to $68.00 and gave the stock a “hold” rating in a research note on Friday, February 6th. Barclays started coverage on shares of Microchip Technology in a research report on Thursday, February 12th. They set an “equal weight” rating and a $80.00 target price on the stock. Piper Sandler lifted their price target on shares of Microchip Technology from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Finally, Bank of America upgraded Microchip Technology from a “neutral” rating to a “buy” rating and set a $95.00 price target for the company in a report on Wednesday, January 28th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

Insider Transactions at Microchip Technology

In other Microchip Technology news, CEO Steve Sanghi sold 98,814 shares of Microchip Technology stock in a transaction dated 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 transaction, the chief executive officer owned 9,922,319 shares in the company, valued at approximately $799,242,795.45. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.94% of the stock is owned by corporate insiders.

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.