Vestmark Advisory Solutions Inc. Trims Stock Holdings in Microchip Technology Incorporated $MCHP

Vestmark Advisory Solutions Inc. lessened its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 76.1% in the third quarter, Holdings Channel.com reports. The firm owned 5,482 shares of the semiconductor company’s stock after selling 17,412 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Microchip Technology were worth $352,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Bleakley Financial Group LLC increased its stake in shares of Microchip Technology by 7.5% in the third quarter. Bleakley Financial Group LLC now owns 15,590 shares of the semiconductor company’s stock worth $1,001,000 after buying an additional 1,091 shares during the last quarter. Telemark Asset Management LLC increased its position in shares of Microchip Technology by 50.0% in the 3rd quarter. Telemark Asset Management LLC now owns 300,000 shares of the semiconductor company’s stock worth $19,266,000 after purchasing an additional 100,000 shares during the last quarter. Asahi Life Asset Management CO. LTD. increased its position in shares of Microchip Technology by 12.1% in the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 6,300 shares of the semiconductor company’s stock worth $405,000 after purchasing an additional 680 shares during the last quarter. Raiffeisen Bank International AG raised its stake in shares of Microchip Technology by 110.6% in the 3rd quarter. Raiffeisen Bank International AG now owns 12,204 shares of the semiconductor company’s stock valued at $782,000 after purchasing an additional 6,408 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. lifted its position in shares of Microchip Technology by 16.3% during the third quarter. China Universal Asset Management Co. Ltd. now owns 14,247 shares of the semiconductor company’s stock worth $915,000 after purchasing an additional 2,000 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wolfe Research set a $85.00 price objective on Microchip Technology in a report on Tuesday, January 6th. Weiss Ratings raised Microchip Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 6th. UBS Group lifted their price objective on shares of Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Susquehanna increased their target price on shares of Microchip Technology from $75.00 to $90.00 and gave the stock a “positive” rating in a report on Thursday, January 22nd. Finally, Argus upgraded shares of Microchip Technology to a “strong-buy” rating in a research report on Monday, February 9th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Insiders Place Their Bets

In related news, CEO Steve Sanghi sold 98,814 shares of the stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total value of $7,959,467.70. Following the completion of the transaction, the chief executive officer owned 9,922,319 shares in the company, valued at $799,242,795.45. This represents a 0.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.94% of the stock is owned by insiders.

Microchip Technology Stock Down 0.4%

Microchip Technology stock opened at $74.64 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.16 and a current ratio of 2.16. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $83.35. The company has a 50-day simple moving average of $73.81 and a 200-day simple moving average of $66.57. The firm has a market capitalization of $40.39 billion, a P/E ratio of -257.38, a P/E/G ratio of 1.89 and a beta of 1.46.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business posted $0.20 EPS. Microchip Technology’s revenue 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, equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Monday, February 23rd will be paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, February 23rd. Microchip Technology’s payout ratio is currently -627.59%.

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.