Microchip Technology Incorporated $MCHP Shares Sold by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd lessened its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 2.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 499,629 shares of the semiconductor company’s stock after selling 12,976 shares during the period. Swiss Life Asset Management Ltd’s holdings in Microchip Technology were worth $32,086,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Winnow Wealth LLC bought a new stake in shares of Microchip Technology in the 3rd quarter valued at approximately $25,000. Root Financial Partners LLC bought a new position in Microchip Technology during the third quarter worth $28,000. Salomon & Ludwin LLC lifted its stake in Microchip Technology by 219.3% during the third quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 329 shares during the last quarter. Quent Capital LLC acquired a new position in Microchip Technology in the third quarter worth $32,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings in Microchip Technology by 106.8% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 267 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

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 shares were sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the sale, the chief executive officer directly owned 9,922,319 shares in the company, valued at approximately $799,242,795.45. The trade was a 0.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.94% of the company’s stock.

Microchip Technology Stock Up 0.2%

MCHP opened at $64.71 on Thursday. The stock’s 50 day moving average price is $73.75 and its 200 day moving average price is $66.58. 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 stock has a market cap of $35.02 billion, a P/E ratio of -223.14, a P/E/G ratio of 1.63 and a beta of 1.45. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $83.35.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly 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 company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, research analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors 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 2.8%. The ex-dividend date was Monday, February 23rd. Microchip Technology’s dividend payout ratio is currently -627.59%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MCHP. UBS Group increased their target price on shares of Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Piper Sandler lifted their price target on shares of Microchip Technology from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Citigroup lowered their price objective on shares of Microchip Technology from $92.00 to $91.00 and set a “buy” rating for the company in a research report on Friday, February 6th. KeyCorp reiterated an “overweight” rating and set a $85.00 price objective on shares of Microchip Technology in a research note on Friday, February 6th. Finally, Needham & Company LLC lifted their target price on Microchip Technology from $77.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.00.

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.