Microchip Technology Incorporated $MCHP Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 37.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,053 shares of the semiconductor company’s stock after buying an additional 21,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Microchip Technology were worth $5,704,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Argonautica Private Wealth Management Inc. purchased a new stake in shares of Microchip Technology in the first quarter valued at $428,000. Charles Schwab Investment Management Inc. increased its position in Microchip Technology by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,266,402 shares of the semiconductor company’s stock worth $158,127,000 after purchasing an additional 122,633 shares in the last quarter. Victory Capital Management Inc. raised its stake in Microchip Technology by 18.2% in the 1st quarter. Victory Capital Management Inc. now owns 602,783 shares of the semiconductor company’s stock valued at $29,181,000 after purchasing an additional 92,962 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Microchip Technology by 0.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 16,630,574 shares of the semiconductor company’s stock valued at $805,087,000 after purchasing an additional 152,434 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Microchip Technology by 4.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 421,195 shares of the semiconductor company’s stock valued at $30,773,000 after purchasing an additional 17,366 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Microchip Technology Price Performance

MCHP opened at $62.54 on Thursday. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $78.13. The firm has a market cap of $33.75 billion, a price-to-earnings ratio of -183.94, a PEG ratio of 1.82 and a beta of 1.55. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. The company has a fifty day simple moving average of $65.15 and a 200 day simple moving average of $63.20.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company posted $0.53 EPS. The firm’s revenue for the quarter was down 13.3% on a year-over-year basis. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Equities 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 announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were given a $0.455 dividend. 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 Friday, August 22nd. Microchip Technology’s dividend payout ratio is presently -535.29%.

Insider Buying and Selling

In related news, CFO James Eric Bjornholt sold 7,356 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.72, for a total value of $505,504.32. Following the sale, the chief financial officer directly owned 30,010 shares of the company’s stock, valued at $2,062,287.20. This represents a 19.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $682,500.00. Following the transaction, the director directly owned 30,665 shares of the company’s stock, valued at approximately $2,092,886.25. This represents a 24.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

MCHP has been the subject of a number of analyst reports. Piper Sandler boosted their price objective on shares of Microchip Technology from $65.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Needham & Company LLC boosted their price target on Microchip Technology from $66.00 to $77.00 and gave the company a “buy” rating in a report on Friday, August 8th. UBS Group increased their price target on Microchip Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Zacks Research downgraded Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $75.75.

About Microchip Technology

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.