Swiss National Bank Reduces Stock Position in Microchip Technology Incorporated $MCHP

Swiss National Bank lessened its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 4.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,555,714 shares of the semiconductor company’s stock after selling 72,300 shares during the period. Swiss National Bank owned 0.29% of Microchip Technology worth $99,908,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MCHP. Inceptionr LLC lifted its holdings in Microchip Technology by 9.5% in the 3rd quarter. Inceptionr LLC now owns 9,664 shares of the semiconductor company’s stock worth $621,000 after buying an additional 840 shares during the period. B. Metzler seel. Sohn & Co. AG increased its stake in shares of Microchip Technology by 132.1% during the third quarter. B. Metzler seel. Sohn & Co. AG now owns 253,186 shares of the semiconductor company’s stock valued at $16,259,000 after buying an additional 144,124 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Microchip Technology during the third quarter valued at approximately $348,000. Parallel Advisors LLC lifted its stake in Microchip Technology by 11.1% in the third quarter. Parallel Advisors LLC now owns 10,028 shares of the semiconductor company’s stock worth $644,000 after acquiring an additional 1,004 shares during the period. Finally, CreativeOne Wealth LLC lifted its stake in Microchip Technology by 13.1% in the third quarter. CreativeOne Wealth LLC now owns 5,515 shares of the semiconductor company’s stock worth $354,000 after acquiring an additional 637 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insiders Place Their Bets

In other Microchip Technology news, CEO Steve Sanghi sold 98,814 shares of Microchip Technology 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 directly owned 9,922,319 shares of the company’s stock, valued at approximately $799,242,795.45. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MCHP. Cantor Fitzgerald boosted their price objective on shares of Microchip Technology from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Wolfe Research set a $85.00 target price on shares of Microchip Technology in a research report on Tuesday, January 6th. Piper Sandler lifted their target price on shares of Microchip Technology from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Susquehanna increased their price target on shares of Microchip Technology from $75.00 to $90.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Finally, Rosenblatt Securities lifted their price objective on Microchip Technology from $80.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Microchip Technology currently has an average rating of “Moderate Buy” and an average target price of $86.00.

Microchip Technology Stock Up 0.5%

MCHP stock opened at $65.33 on Wednesday. The business has a 50 day moving average of $74.25 and a 200 day moving average of $66.70. The firm has a market cap of $35.35 billion, a PE ratio of -225.28, a price-to-earnings-growth ratio of 1.64 and a beta of 1.45. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $83.35. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82.

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

Microchip Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, February 23rd. Microchip Technology’s dividend payout ratio is -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.