Lombard Odier Asset Management Switzerland SA Makes New $1.71 Million Investment in Microchip Technology Incorporated $MCHP

Lombard Odier Asset Management Switzerland SA acquired a new position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) in the 1st quarter, HoldingsChannel reports. The firm acquired 26,390 shares of the semiconductor company’s stock, valued at approximately $1,705,000.

A number of other institutional investors also recently modified their holdings of the company. EFG International AG acquired a new position in shares of Microchip Technology in the 4th quarter worth approximately $29,000. Miller Capital Partners Inc. acquired a new stake in Microchip Technology during the 4th quarter valued at $29,000. Garton & Associates Financial Advisors LLC acquired a new stake in Microchip Technology during the 4th quarter valued at $33,000. Reflection Asset Management bought a new position in Microchip Technology in the 4th quarter valued at $33,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Microchip Technology by 4,663.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 524 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 513 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Microchip Technology Price Performance

Shares of MCHP stock opened at $77.90 on Tuesday. The stock has a 50-day moving average price of $90.35 and a 200 day moving average price of $81.21. The company has a quick ratio of 1.18, a current ratio of 2.09 and a debt-to-equity ratio of 0.85. The firm has a market cap of $42.30 billion, a price-to-earnings ratio of 370.97, a PEG ratio of 0.79 and a beta of 1.74. Microchip Technology Incorporated has a 12 month low of $48.52 and a 12 month high of $105.91.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.07. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the business posted $0.11 EPS. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. Research analysts expect that Microchip Technology Incorporated will post 2.7 EPS for the current year.

Microchip Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, May 22nd. Microchip Technology’s payout ratio is 866.67%.

Insider Buying and Selling at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 3,667 shares of Microchip Technology stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $90.87, for a total transaction of $333,220.29. Following the completion of the sale, the chief financial officer owned 28,573 shares of the company’s stock, valued at approximately $2,596,428.51. The trade was a 11.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Richard J. Simoncic sold 5,000 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $93.44, for a total transaction of $467,200.00. Following the sale, the chief operating officer owned 135,508 shares of the company’s stock, valued at $12,661,867.52. The trade was a 3.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 136,721 shares of company stock valued at $12,793,719. 1.79% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MCHP. Cantor Fitzgerald restated an “overweight” rating and set a $125.00 target price on shares of Microchip Technology in a report on Wednesday, May 13th. Citigroup lifted their price target on Microchip Technology from $91.00 to $113.00 and gave the company a “buy” rating in a report on Friday, May 8th. TD Cowen reduced their price target on shares of Microchip Technology from $105.00 to $90.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. JPMorgan Chase & Co. increased their price objective on shares of Microchip Technology from $95.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Wall Street Zen upgraded shares of Microchip Technology from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Four equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Microchip Technology has an average rating of “Moderate Buy” and an average target price of $99.76.

Microchip Technology 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.