Tribune Investment Group LP Takes $4.71 Million Position in Microchip Technology Incorporated $MCHP

Tribune Investment Group LP bought a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 51,590 shares of the semiconductor company’s stock, valued at approximately $4,705,000. Microchip Technology accounts for approximately 1.9% of Tribune Investment Group LP’s holdings, making the stock its 15th largest position.

A number of other institutional investors have also added to or reduced their stakes in MCHP. EFG International AG acquired a new position in Microchip Technology in the 4th quarter valued at approximately $29,000. Miller Capital Partners Inc. bought a new stake in shares of Microchip Technology in the 4th quarter worth approximately $29,000. Continuum Advisory LLC bought a new stake in shares of Microchip Technology during the second quarter valued at approximately $30,000. Johnson Financial Group Inc. acquired a new position in shares of Microchip Technology in the second quarter valued at $31,000. Finally, Reflection Asset Management acquired a new position in shares of Microchip Technology in the fourth quarter valued at $33,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MCHP has been the topic of a number of recent research reports. Rosenblatt Securities reiterated a “buy” rating and set a $120.00 price target on shares of Microchip Technology in a research note on Friday, August 7th. BMO Capital Markets started coverage on shares of Microchip Technology in a research note on Friday, August 21st. They issued an “outperform” rating and a $95.00 price objective for the company. Citigroup reduced their price objective on shares of Microchip Technology from $113.00 to $95.00 and set a “buy” rating for the company in a report on Friday, August 7th. Truist Financial decreased their target price on shares of Microchip Technology from $105.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, August 7th. Finally, Needham & Company LLC upped their target price on shares of Microchip Technology from $84.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $98.67.

Microchip Technology Price Performance

Shares of MCHP stock opened at $73.11 on Friday. The stock’s fifty day simple moving average is $80.07 and its 200 day simple moving average is $81.25. Microchip Technology Incorporated has a one year low of $48.52 and a one year high of $105.91. The firm has a market cap of $39.70 billion, a price-to-earnings ratio of 109.12, a P/E/G ratio of 0.51 and a beta of 1.75. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.92 and a quick ratio of 1.11.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.06. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. Microchip Technology had a return on equity of 14.97% and a net margin of 9.34%.The business’s revenue for the quarter was up 38.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 earnings per share. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. On average, analysts expect that Microchip Technology Incorporated will post 3.16 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 24th will be given a dividend of $0.455 per share. The ex-dividend date is Monday, August 24th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.5%. Microchip Technology’s dividend payout ratio (DPR) is 271.64%.

Insider Activity

In related news, CFO James Bjornholt sold 4,112 shares of Microchip Technology stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $75.32, for a total transaction of $309,715.84. Following the completion of the transaction, the chief financial officer directly owned 28,573 shares of the company’s stock, valued at $2,152,118.36. This trade represents a 12.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.79% of the stock is owned by company insiders.

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.