10,426 Shares in Microchip Technology Incorporated $MCHP Bought by Quantum Portfolio Management LLC

Quantum Portfolio Management LLC acquired a new position in Microchip Technology Incorporated (NASDAQ:MCHP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,426 shares of the semiconductor company’s stock, valued at approximately $670,000.

Other hedge funds have also 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 acquiring an additional 1,265,390 shares during the period. State Street Corp lifted its position in shares of Microchip Technology by 8.5% during the second 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 during the last quarter. Invesco Ltd. grew its stake in Microchip Technology by 10.4% in the second 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 in the last quarter. Geode Capital Management LLC increased its position in Microchip Technology by 2.4% during 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. Finally, Boston Partners raised its position in shares of Microchip Technology by 38.2% in the 2nd quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock worth $1,041,868,000 after acquiring an additional 4,101,034 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Transactions at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total transaction of $216,273.88. Following the completion of the sale, the chief financial officer directly owned 30,089 shares in the company, valued at approximately $1,516,184.71. The trade was a 12.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.94% of the company’s stock.

Microchip Technology Stock Up 0.3%

MCHP opened at $74.70 on Tuesday. The company has a fifty day moving average of $63.22 and a two-hundred day moving average of $65.21. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 2.25. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $77.20. The stock has a market capitalization of $40.37 billion, a price-to-earnings ratio of -166.00, a PEG ratio of 2.23 and a beta of 1.46.

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

Microchip Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were paid a $0.455 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.82 dividend on an annualized basis and a yield of 2.4%. Microchip Technology’s dividend payout ratio (DPR) is currently -404.44%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on Microchip Technology from $58.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 7th. KeyCorp restated an “overweight” rating on shares of Microchip Technology in a research note on Wednesday, December 3rd. B. Riley increased their price objective on shares of Microchip Technology from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Piper Sandler boosted their target price on shares of Microchip Technology from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of Microchip Technology from $77.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Microchip Technology presently has a consensus rating of “Moderate Buy” and an average target price of $79.38.

About Microchip Technology

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.