Massachusetts Financial Services Co. MA Lowers Position in Microchip Technology Incorporated $MCHP

Massachusetts Financial Services Co. MA lessened its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 12.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 547,588 shares of the semiconductor company’s stock after selling 80,195 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Microchip Technology were worth $34,892,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Microchip Technology by 2.1% in the third quarter. Vanguard Group Inc. now owns 72,075,558 shares of the semiconductor company’s stock valued at $4,628,692,000 after acquiring an additional 1,507,554 shares during the last quarter. Boston Partners increased its stake in Microchip Technology by 9.5% in the third quarter. Boston Partners now owns 16,234,332 shares of the semiconductor company’s stock valued at $1,044,024,000 after acquiring an additional 1,406,885 shares during the last quarter. Victory Capital Management Inc. increased its stake in Microchip Technology by 11.3% in the third quarter. Victory Capital Management Inc. now owns 12,006,088 shares of the semiconductor company’s stock valued at $806,821,000 after acquiring an additional 1,215,939 shares during the last quarter. Bank of America Corp DE increased its stake in Microchip Technology by 18.8% in the third quarter. Bank of America Corp DE now owns 11,419,944 shares of the semiconductor company’s stock valued at $733,389,000 after acquiring an additional 1,803,831 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in Microchip Technology by 25.7% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,048,057 shares of the semiconductor company’s stock valued at $709,506,000 after acquiring an additional 2,257,932 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Microchip Technology Stock Performance

Microchip Technology stock opened at $74.49 on Thursday. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82. The firm has a 50-day moving average of $70.29 and a 200-day moving average of $66.88. The firm has a market cap of $40.31 billion, a P/E ratio of -256.86, a P/E/G ratio of 1.00 and a beta of 1.49. Microchip Technology Incorporated has a 1-year low of $36.32 and a 1-year high of $83.35.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data 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 negative net margin of 1.57% and a positive return on equity of 7.16%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the business posted $0.20 earnings per share. Microchip Technology’s quarterly revenue 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. Sell-side analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd were issued a $0.455 dividend. The ex-dividend date was Monday, February 23rd. This represents a $1.82 annualized dividend and a yield of 2.4%. Microchip Technology’s dividend payout ratio (DPR) is -627.59%.

Insider Buying and Selling

In other Microchip Technology news, CEO Steve Sanghi sold 98,814 shares of the firm’s 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 sale, the chief executive officer directly owned 9,922,319 shares in the company, valued at $799,242,795.45. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.94% of the stock is owned by company insiders.

Microchip Technology News Roundup

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: New high-performance dsPIC33AK256MPS306 digital signal controllers announced — adds post-quantum cryptography, high-speed ADCs/PWMs and motor/power-control features that target AI/data-center power, automotive and industrial customers; could expand TAM and drive design wins. Microchip Expands dsPIC33A DSC Family
• Positive Sentiment: Strategic distributor appointment — Spirit Electronics named an authorized Americas distributor for Microchip’s high?reliability products, improving access to defense and aerospace customers and easing procurement for safety?critical programs. Spirit Electronics Named Authorized Distributor
• Positive Sentiment: Momentum and relative strength coverage — market pieces and momentum-themed writeups (Zacks/Yahoo/MSN) highlight rising relative price strength and investor interest, which can attract momentum flows and short?term buyers. Are You Looking for a Top Momentum Pick? Why Microchip Technology (MCHP) is a Great Choice
• Neutral Sentiment: Analyst consensus remains constructive but mixed — brokerages give an average “Moderate Buy” tone and median price targets above current levels, supporting a positive medium?term bias but not unanimous enthusiasm. Microchip Given Average Rating of “Moderate Buy”
• Negative Sentiment: Critics highlight valuation and a pause risk — a Yahoo opinion piece lists reasons to sell after the run-up (valuation, potential cyclical exposure), which can pressure near-term sentiment among tactical investors. 3 Reasons to Sell MCHP and 1 Stock to Buy Instead
• Negative Sentiment: Material insider selling noted — filings and data?compilation reports show significant insider sales by senior executives over recent months, which can be viewed negatively by investors despite possible non?operational reasons. Quiver Quant / Insider Activity & Product Release

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MCHP shares. JPMorgan Chase & Co. increased their target price on Microchip Technology from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Weiss Ratings cut Microchip Technology from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 27th. Morgan Stanley increased their target price on Microchip Technology from $68.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. B. Riley Financial increased their target price on Microchip Technology from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Finally, Bank of America raised Microchip Technology from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Wednesday, January 28th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $86.00.

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.