Penserra Capital Management LLC Has $19.76 Million Position in Microchip Technology Incorporated $MCHP

Penserra Capital Management LLC lifted its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 4.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 280,752 shares of the semiconductor company’s stock after buying an additional 12,378 shares during the quarter. Penserra Capital Management LLC owned about 0.05% of Microchip Technology worth $19,755,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MCHP. Vestmark Advisory Solutions Inc. acquired a new stake in Microchip Technology during the second quarter worth approximately $1,611,000. Texas Yale Capital Corp. bought a new position in shares of Microchip Technology during the second quarter worth approximately $266,000. Modera Wealth Management LLC acquired a new stake in Microchip Technology during the 2nd quarter worth approximately $267,000. Cetera Trust Company N.A lifted its holdings in Microchip Technology by 5.2% during the 2nd quarter. Cetera Trust Company N.A now owns 23,444 shares of the semiconductor company’s stock worth $1,650,000 after purchasing an additional 1,155 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in Microchip Technology by 482.6% in the 2nd quarter. Golden State Wealth Management LLC now owns 903 shares of the semiconductor company’s stock valued at $64,000 after purchasing an additional 748 shares during the period. Institutional investors own 91.51% of the company’s stock.

Microchip Technology Trading Down 5.2%

Shares of Microchip Technology stock opened at $56.28 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80. Microchip Technology Incorporated has a 12-month low of $34.13 and a 12-month high of $77.20. The company has a market capitalization of $30.37 billion, a price-to-earnings ratio of -165.53, a PEG ratio of 1.79 and a beta of 1.57. The firm’s 50-day moving average price is $64.24 and its two-hundred day moving average price is $64.08.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the company earned $0.46 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th will be paid a dividend of $0.455 per share. The ex-dividend date is Monday, November 24th. This represents a $1.82 annualized dividend and a yield of 3.2%. Microchip Technology’s dividend payout ratio is presently -535.29%.

Wall Street Analyst Weigh In

MCHP has been the topic of several recent research reports. Needham & Company LLC lowered their price objective on Microchip Technology from $77.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday. Wells Fargo & Company lowered their price target on shares of Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Friday. 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 report on Friday, August 8th. Stifel Nicolaus decreased their target price on shares of Microchip Technology from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Microchip Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.47.

Insiders Place Their Bets

In other news, Director Matthew W. Chapman sold 10,000 shares of the business’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 completion of the transaction, the director owned 30,665 shares of the company’s stock, valued at approximately $2,092,886.25. The trade was a 24.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James Eric Bjornholt sold 7,356 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.72, for a total value of $505,504.32. Following the sale, the chief financial officer owned 30,010 shares of the company’s stock, valued at approximately $2,062,287.20. This represents a 19.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.94% of the company’s stock.

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.