LMR Partners LLP Takes Position in Microchip Technology Incorporated $MCHP

LMR Partners LLP bought a new position in Microchip Technology Incorporated (NASDAQ:MCHP) in the second quarter, according to its most recent filing with the SEC. The firm bought 200,000 shares of the semiconductor company’s stock, valued at approximately $14,074,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Microchip Technology by 1.8% in the second quarter. Vanguard Group Inc. now owns 70,568,004 shares of the semiconductor company’s stock worth $4,965,870,000 after buying an additional 1,265,390 shares during the last quarter. State Street Corp boosted its position in Microchip Technology by 8.5% in the 2nd quarter. State Street Corp now owns 31,888,814 shares of the semiconductor company’s stock worth $2,244,016,000 after purchasing an additional 2,489,258 shares in the last quarter. Invesco Ltd. grew its stake in shares of Microchip Technology by 10.4% during the 2nd quarter. Invesco Ltd. now owns 18,452,546 shares of the semiconductor company’s stock worth $1,298,506,000 after purchasing an additional 1,745,515 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of Microchip Technology by 0.9% during 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 in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Microchip Technology by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 14,842,341 shares of the semiconductor company’s stock valued at $1,040,544,000 after purchasing an additional 343,210 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insiders Place Their Bets

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the transaction, the chief financial officer owned 30,089 shares in the company, valued at approximately $1,516,184.71. This trade represents a 12.48% decrease in their position. The sale 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.

Analysts Set New Price Targets

Several research firms recently commented on MCHP. Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. KeyCorp reissued an “overweight” rating on shares of Microchip Technology in a research note on Wednesday, December 3rd. Wells Fargo & Company dropped their target price on Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $80.00 price target on shares of Microchip Technology in a report on Wednesday, December 3rd. Finally, Bank of America increased their price target on Microchip Technology from $67.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $74.95.

Microchip Technology Trading Down 2.8%

Shares of Microchip Technology stock opened at $67.18 on Friday. The company has a current ratio of 2.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.80. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $77.20. The firm has a market capitalization of $36.31 billion, a PE ratio of -149.29, a P/E/G ratio of 2.18 and a beta of 1.47. The firm’s 50-day moving average price is $60.42 and its 200 day moving average price is $64.90.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.The business’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, sell-side analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were paid a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, November 24th. Microchip Technology’s dividend payout ratio is currently -404.44%.

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.