27,675 Shares in Microchip Technology Incorporated $MCHP Purchased by Quantitative Investment Management LLC

Quantitative Investment Management LLC acquired a new position in Microchip Technology Incorporated (NASDAQ:MCHP) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 27,675 shares of the semiconductor company’s stock, valued at approximately $1,777,000.

A number of other institutional investors have also recently bought and sold shares of the business. Winnow Wealth LLC bought a new position in shares of Microchip Technology during the third quarter worth approximately $25,000. Root Financial Partners LLC acquired a new stake in shares of Microchip Technology in the third quarter valued at approximately $28,000. Salomon & Ludwin LLC boosted its stake in shares of Microchip Technology by 219.3% in the third quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 329 shares during the period. Quent Capital LLC bought a new stake in shares of Microchip Technology in the third quarter valued at approximately $32,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in Microchip Technology by 106.8% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after buying an additional 267 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MCHP shares. Wolfe Research set a $85.00 price objective on Microchip Technology in a research note on Tuesday, January 6th. Piper Sandler increased their target price on Microchip Technology from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. KeyCorp restated an “overweight” rating and issued a $85.00 price target on shares of Microchip Technology in a research report on Friday, February 6th. Mizuho boosted their price target on Microchip Technology from $83.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Finally, Rosenblatt Securities upped their price objective on shares of Microchip Technology from $80.00 to $115.00 and gave the stock 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 issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $86.00.

Insider Buying and Selling

In other Microchip Technology news, CEO Steve Sanghi sold 98,814 shares of the business’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the completion of the transaction, the chief executive officer 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.94% of the company’s stock.

Microchip Technology Stock Down 4.7%

NASDAQ MCHP opened at $62.73 on Friday. The business has a fifty day moving average price of $74.27 and a two-hundred day moving average price of $66.66. The stock has a market capitalization of $33.95 billion, a PE ratio of -216.31, a PEG ratio of 1.66 and a beta of 1.45. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $83.35. 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 (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the company posted $0.20 EPS. 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. Equities analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd were given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, February 23rd. Microchip Technology’s payout ratio is currently -627.59%.

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.