10,469 Shares in Microchip Technology Incorporated $MCHP Bought by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC purchased a new position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,469 shares of the semiconductor company’s stock, valued at approximately $667,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Florida Trust Wealth Management Co lifted its holdings in shares of Microchip Technology by 3.3% during the 3rd quarter. Florida Trust Wealth Management Co now owns 4,890 shares of the semiconductor company’s stock worth $314,000 after acquiring an additional 157 shares during the period. Clean Yield Group boosted its position in shares of Microchip Technology by 9.4% during the 3rd quarter. Clean Yield Group now owns 1,890 shares of the semiconductor company’s stock valued at $121,000 after acquiring an additional 163 shares in the last quarter. Slagle Financial LLC increased its stake in Microchip Technology by 0.3% in the third quarter. Slagle Financial LLC now owns 64,485 shares of the semiconductor company’s stock valued at $4,141,000 after acquiring an additional 168 shares during the period. Global Trust Asset Management LLC raised its position in Microchip Technology by 2.4% in the third quarter. Global Trust Asset Management LLC now owns 7,263 shares of the semiconductor company’s stock worth $466,000 after purchasing an additional 169 shares in the last quarter. Finally, Bollard Group LLC raised its position in Microchip Technology by 5.8% in the second quarter. Bollard Group LLC now owns 3,178 shares of the semiconductor company’s stock worth $224,000 after purchasing an additional 173 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Activity at Microchip Technology

In other news, CEO Steve Sanghi sold 98,814 shares of the firm’s 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 directly owned 9,922,319 shares in the company, 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 filing with the SEC, which is available through this link. Insiders own 1.94% of the company’s stock.

Microchip Technology Stock Performance

NASDAQ:MCHP opened at $64.61 on Wednesday. The stock has a market capitalization of $34.96 billion, a P/E ratio of -222.79, a price-to-earnings-growth ratio of 1.51 and a beta of 1.45. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year high of $83.35. The firm has a 50 day moving average of $71.84 and a 200-day moving average of $66.53.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, topping 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 business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the company earned $0.20 EPS. Microchip Technology’s revenue for the quarter was up 15.6% on a year-over-year basis. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, sell-side analysts anticipate 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. Stockholders 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 was Monday, February 23rd. Microchip Technology’s dividend payout ratio is presently -627.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MCHP shares. Argus raised Microchip Technology to a “strong-buy” rating in a report on Monday, February 9th. Stifel Nicolaus set a $90.00 target price on Microchip Technology in a report on Friday, February 6th. Cantor Fitzgerald raised their target price on Microchip Technology from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. B. Riley Financial boosted their price target on Microchip Technology from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Finally, Piper Sandler upped their price target on Microchip Technology from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

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.