Wisconsin Capital Management LLC Raises Stock Holdings in Microchip Technology Incorporated $MCHP

Wisconsin Capital Management LLC boosted its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 363.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,810 shares of the semiconductor company’s stock after purchasing an additional 33,580 shares during the quarter. Microchip Technology makes up 1.4% of Wisconsin Capital Management LLC’s portfolio, making the stock its 25th biggest position. Wisconsin Capital Management LLC’s holdings in Microchip Technology were worth $2,749,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MCHP. Picton Mahoney Asset Management bought a new position in shares of Microchip Technology in the 3rd quarter worth about $45,000. Level Four Advisory Services LLC grew its holdings in Microchip Technology by 1.8% in the third quarter. Level Four Advisory Services LLC now owns 121,406 shares of the semiconductor company’s stock worth $7,797,000 after purchasing an additional 2,114 shares during the period. Victory Capital Management Inc. grew its holdings in Microchip Technology by 11.3% in the third quarter. Victory Capital Management Inc. now owns 12,006,088 shares of the semiconductor company’s stock worth $806,821,000 after purchasing an additional 1,215,939 shares during the period. CI Investments Inc. increased its stake in shares of Microchip Technology by 11.3% during the third quarter. CI Investments Inc. now owns 2,991 shares of the semiconductor company’s stock valued at $192,000 after purchasing an additional 304 shares in the last quarter. Finally, Strive Asset Management LLC bought a new position in shares of Microchip Technology during the third quarter valued at approximately $642,000. Institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Cantor Fitzgerald boosted their price target on Microchip Technology from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. TD Cowen lowered their price objective on Microchip Technology from $65.00 to $60.00 and set a “hold” rating for the company in a research note on Friday, November 7th. UBS Group increased their target price on Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Zacks Research downgraded Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Susquehanna lifted their price target on Microchip Technology from $75.00 to $90.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.00.

Microchip Technology Trading Down 3.9%

Shares of NASDAQ:MCHP opened at $71.39 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.16 and a quick ratio of 1.16. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year high of $83.35. The company has a market cap of $38.63 billion, a P/E ratio of -246.17, a PEG ratio of 1.87 and a beta of 1.45. The stock’s fifty day moving average price is $74.09 and its 200-day moving average price is $66.69.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.Microchip Technology’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Sell-side analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be paid a $0.455 dividend. The ex-dividend date is Monday, February 23rd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.5%. Microchip Technology’s payout ratio is currently -627.59%.

Insider Buying and Selling at Microchip Technology

In related news, CEO Steve Sanghi sold 98,814 shares of the stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.94% of the stock is owned by insiders.

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.