Vaughan Nelson Investment Management L.P. Takes Position in Microchip Technology Incorporated $MCHP

Vaughan Nelson Investment Management L.P. bought a new position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) during the first quarter, according to its most recent filing with the SEC. The fund bought 707,740 shares of the semiconductor company’s stock, valued at approximately $45,727,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. AQR Capital Management LLC raised its position in Microchip Technology by 51.3% in the first quarter. AQR Capital Management LLC now owns 17,201 shares of the semiconductor company’s stock worth $827,000 after acquiring an additional 5,835 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Microchip Technology by 101.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,221 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 616 shares during the period. Cresset Asset Management LLC grew its position in shares of Microchip Technology by 5.4% during the 2nd quarter. Cresset Asset Management LLC now owns 11,433 shares of the semiconductor company’s stock valued at $805,000 after acquiring an additional 589 shares during the period. AXA S.A. increased its stake in shares of Microchip Technology by 21.3% during the 2nd quarter. AXA S.A. now owns 51,552 shares of the semiconductor company’s stock worth $3,628,000 after purchasing an additional 9,043 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in shares of Microchip Technology by 1.6% during the 2nd quarter. Treasurer of the State of North Carolina now owns 246,530 shares of the semiconductor company’s stock worth $17,348,000 after purchasing an additional 3,851 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Steve Sanghi sold 416,581 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $88.53, for a total transaction of $36,879,915.93. Following the sale, the chief executive officer directly owned 9,495,805 shares in the company, valued at approximately $840,663,616.65. The trade was a 4.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $95.48, for a total value of $954,800.00. Following the sale, the director directly owned 20,665 shares in the company, valued at $1,973,094.20. This trade represents a 32.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 553,302 shares of company stock valued at $49,673,635 in the last ninety days. 1.94% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MCHP shares. Susquehanna lifted their price target on shares of Microchip Technology from $95.00 to $120.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Citigroup increased their price objective on Microchip Technology from $91.00 to $113.00 and gave the company a “buy” rating in a report on Friday, May 8th. Wall Street Zen raised Microchip Technology from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Barclays boosted their target price on Microchip Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Finally, Needham & Company LLC upped their price target on Microchip Technology from $84.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $98.18.

Microchip Technology Price Performance

MCHP opened at $99.77 on Monday. The company has a 50 day moving average of $90.91 and a 200 day moving average of $77.38. The company has a market cap of $54.08 billion, a PE ratio of 475.12, a price-to-earnings-growth ratio of 1.04 and a beta of 1.73. Microchip Technology Incorporated has a 12 month low of $48.52 and a 12 month high of $105.91. The company has a current ratio of 2.09, a quick ratio of 1.18 and a debt-to-equity ratio of 0.85.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Microchip Technology had a net margin of 4.88% and a return on equity of 10.87%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the business earned $0.11 EPS. Microchip Technology’s revenue was up 35.1% compared to the same quarter last year. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. On average, sell-side analysts expect that Microchip Technology Incorporated will post 2.59 EPS for the current year.

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a $0.455 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.82 annualized dividend and a dividend yield of 1.8%. Microchip Technology’s payout ratio is 866.67%.

Trending Headlines about Microchip Technology

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Microchip’s recent earnings update showed revenue and EPS above expectations, with management pointing to improving bookings, stronger visibility, and continued inventory normalization — all signs that the demand rebound is sticking. Microchip (MCHP) Releases TimePictra 12 for Advanced Synchronization Management
• Positive Sentiment: Investor enthusiasm is also being helped by Microchip’s TimePictra 12 release and new connectivity products aimed at telecom, data centers, and critical infrastructure, which could support future growth in higher-value markets. Microchip (MCHP) Releases TimePictra 12 for Advanced Synchronization Management
• Positive Sentiment: Technical traders are also viewing the stock favorably after MCHP moved above its 20-day moving average, which can reinforce short-term bullish momentum. Microchip Technology (MCHP) Crossed Above the 20-Day Moving Average: What That Means for Investors
• Positive Sentiment: Analyst sentiment remains supportive, with several firms rating the stock Buy or Overweight and recent price targets clustering above current levels, reinforcing the recovery narrative. Here’s Why Microchip Technology (MCHP) Is a Great Momentum Stock to Buy
• Neutral Sentiment: Broader market commentary highlighted strength in chips and AI-related names, which is helping lift sentiment across the semiconductor group, including MCHP. Dow Jones Futures: Nvidia Leads 5 Chips Near Buy Points; SpaceX Stock Needs This
• Negative Sentiment: One cautionary note: insider activity over the past several months has skewed entirely toward selling, which may temper some enthusiasm despite the improving fundamentals.

Microchip Technology Company 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.