Exchange Traded Concepts LLC Buys 38,611 Shares of Microchip Technology Incorporated $MCHP

Exchange Traded Concepts LLC raised its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 20.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 223,476 shares of the semiconductor company’s stock after purchasing an additional 38,611 shares during the period. Exchange Traded Concepts LLC’s holdings in Microchip Technology were worth $14,240,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC raised its position in shares of Microchip Technology by 51.3% during the 1st quarter. AQR Capital Management LLC now owns 17,201 shares of the semiconductor company’s stock valued at $827,000 after buying an additional 5,835 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Microchip Technology by 101.8% in 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. Global Retirement Partners LLC bought a new stake in Microchip Technology during the second quarter worth approximately $332,000. J.W. Cole Advisors Inc. raised its position in Microchip Technology by 5.7% during the second quarter. J.W. Cole Advisors Inc. now owns 6,351 shares of the semiconductor company’s stock valued at $447,000 after purchasing an additional 342 shares during the period. Finally, Quadrant Capital Group LLC raised its position in Microchip Technology by 121.3% during the second quarter. Quadrant Capital Group LLC now owns 10,410 shares of the semiconductor company’s stock valued at $733,000 after purchasing an additional 5,705 shares during the period. 91.51% of the stock is owned by institutional investors.

Microchip Technology Trading Down 3.4%

MCHP opened at $62.00 on Friday. 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’s 50 day moving average price is $72.30 and its 200-day moving average price is $66.55. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $83.35. The stock has a market cap of $33.55 billion, a price-to-earnings ratio of -213.79, a P/E/G ratio of 1.56 and a beta of 1.45.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.Microchip Technology’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the company earned $0.20 EPS. 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 year.

Microchip Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, February 23rd. Microchip Technology’s payout ratio is currently -627.59%.

Analyst Ratings Changes

MCHP has been the subject of a number of recent research reports. Wall Street Zen cut Microchip Technology from a “buy” rating to a “hold” rating in a report on Monday, March 23rd. Citigroup decreased their price target on Microchip Technology from $92.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, February 6th. BNP Paribas Exane upgraded 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. Wolfe Research set a $85.00 price objective on shares of Microchip Technology in a research report on Tuesday, January 6th. Finally, Wells Fargo & Company boosted their price objective on shares of Microchip Technology from $68.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.00.

Insider Activity at Microchip Technology

In other news, CEO Steve Sanghi sold 98,814 shares of the company’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total value of $7,959,467.70. Following the transaction, the chief executive officer directly owned 9,922,319 shares in the company, valued at approximately $799,242,795.45. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.94% of the company’s stock.

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.