Prospera Financial Services Inc Increases Position in Microchip Technology Incorporated $MCHP

Prospera Financial Services Inc grew its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 8.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 88,093 shares of the semiconductor company’s stock after buying an additional 6,525 shares during the quarter. Prospera Financial Services Inc’s holdings in Microchip Technology were worth $5,658,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Microchip Technology by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 70,568,004 shares of the semiconductor company’s stock valued at $4,965,870,000 after acquiring an additional 1,265,390 shares during the last quarter. State Street Corp grew its stake in Microchip Technology by 8.5% in 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 in the last quarter. Invesco Ltd. increased its holdings in 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. Geode Capital Management LLC raised 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 in the last quarter. Finally, Boston Partners raised its position in Microchip Technology by 38.2% during the 2nd quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock valued at $1,041,868,000 after purchasing an additional 4,101,034 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Microchip Technology Stock Up 3.3%

NASDAQ:MCHP opened at $76.86 on Wednesday. The company’s 50-day simple moving average is $70.83 and its 200-day simple moving average is $65.59. 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 fifty-two week low of $34.13 and a fifty-two week high of $81.43. The stock has a market capitalization of $41.59 billion, a P/E ratio of -265.03, a P/E/G ratio of 1.86 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 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. Microchip Technology’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.20 earnings per share. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. On average, equities analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be given a $0.455 dividend. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.4%. Microchip Technology’s dividend payout ratio (DPR) is presently -627.59%.

Insiders Place Their Bets

In other Microchip Technology news, CEO Steve Sanghi sold 98,814 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total value of $7,959,467.70. Following the completion of the sale, the chief executive officer owned 9,922,319 shares of the company’s stock, valued at approximately $799,242,795.45. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James Eric Bjornholt sold 4,292 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the sale, the chief financial officer owned 30,089 shares in the company, valued at $1,516,184.71. The trade was a 12.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 121,615 shares of company stock valued at $9,641,654 in the last three months. Insiders own 1.94% of the company’s stock.

Analysts Set New Price Targets

MCHP has been the topic of several research reports. Stifel Nicolaus set a $90.00 price target on Microchip Technology in a research note on Friday. TD Cowen cut their target price on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. BNP Paribas Exane upgraded shares of Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Thursday, January 22nd. UBS Group upped their price target on shares of Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, Citigroup cut their price objective on shares of Microchip Technology from $92.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.27.

Key Stories Impacting Microchip Technology

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

• Positive Sentiment: Microchip launched production-ready, full‑stack edge AI solutions that package MCUs/MPUs, pre-trained models and development tools — a clear push into higher‑value embedded AI markets that can expand TAM and support higher ASPs for its devices. Edge AI Release
• Positive Sentiment: Analyst momentum: Argus upgraded MCHP to a “strong-buy” and several firms have raised price targets recently, which can attract fresh inflows and lift sentiment. Argus Upgrade
• Neutral Sentiment: Investor access: Microchip will present at the Wolfe Research Auto/Auto‑Tech & Semiconductor Conference (Feb 11), providing another forum for management to discuss growth drivers and the new Edge AI roadmap with investors. Wolfe Conference
• Negative Sentiment: Microchip priced an upsized offering of convertible senior notes totaling $800M (after a prior $600M announcement). The deal raises near‑term liquidity but increases potential debt and conversion dilution; hedging/capped‑call transactions may blunt dilution, yet investor hedge activity can add share‑price volatility. Convertible Notes Pricing
• Negative Sentiment: Valuation concerns and insider selling: some analysts and commentary flag stretched valuation after the recent run, and public filings show insider share sales in recent months — both potential headwinds for sentiment if momentum fades. Valuation Critique

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.