Microchip Technology Incorporated $MCHP Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC increased its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 18.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,233,018 shares of the semiconductor company’s stock after buying an additional 194,048 shares during the quarter. Natixis Advisors LLC’s holdings in Microchip Technology were worth $79,184,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Microchip Technology by 2.1% during the third quarter. Vanguard Group Inc. now owns 72,075,558 shares of the semiconductor company’s stock worth $4,628,692,000 after acquiring an additional 1,507,554 shares during the period. Boston Partners boosted its holdings in Microchip Technology by 38.0% in the 2nd quarter. Boston Partners now owns 14,802,525 shares of the semiconductor company’s stock valued at $1,040,114,000 after purchasing an additional 4,076,112 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Microchip Technology by 13.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 209,384 shares of the semiconductor company’s stock valued at $13,447,000 after purchasing an additional 24,963 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Microchip Technology by 498.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,034,797 shares of the semiconductor company’s stock worth $130,675,000 after purchasing an additional 1,694,533 shares during the period. Finally, Voya Investment Management LLC raised its stake in shares of Microchip Technology by 37.2% during the 3rd quarter. Voya Investment Management LLC now owns 3,361,581 shares of the semiconductor company’s stock worth $215,881,000 after buying an additional 911,731 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

MCHP has been the subject of several recent analyst reports. Morgan Stanley raised their price target on Microchip Technology from $68.00 to $69.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Wall Street Zen lowered Microchip Technology from a “buy” rating to a “hold” rating in a report on Saturday. Jefferies Financial Group reiterated a “hold” rating on shares of Microchip Technology in a research report on Wednesday, February 4th. 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, Wells Fargo & Company upped their price target on shares of Microchip Technology from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.00.

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 sale, the chief executive officer directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.94% of the company’s stock.

Microchip Technology Stock Performance

NASDAQ:MCHP opened at $64.82 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.16 and a quick ratio of 1.16. The firm has a market cap of $35.08 billion, a PE ratio of -223.52, a P/E/G ratio of 1.63 and a beta of 1.45. The firm has a 50 day simple moving average of $74.23 and a 200-day simple moving average of $66.73. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $83.35.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates 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 was up 15.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 earnings per share. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. On average, equities analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Monday, February 23rd will be paid a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, February 23rd. Microchip Technology’s dividend payout ratio is presently -627.59%.

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.