National Pension Service Decreases Holdings in Microchip Technology Incorporated $MCHP

National Pension Service decreased its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 3.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 891,837 shares of the semiconductor company’s stock after selling 32,842 shares during the quarter. National Pension Service’s holdings in Microchip Technology were worth $81,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of MCHP. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group bought a new stake in Microchip Technology in the fourth quarter worth $6,691,000. Peregrine Investment Management Inc. bought a new position in shares of Microchip Technology during the first quarter valued at about $5,492,000. Epoch Investment Partners Inc. increased its holdings in shares of Microchip Technology by 16.5% in the fourth quarter. Epoch Investment Partners Inc. now owns 1,349,136 shares of the semiconductor company’s stock worth $85,967,000 after buying an additional 191,339 shares during the period. Norges Bank bought a new stake in shares of Microchip Technology in the 4th quarter valued at about $664,564,000. Finally, Leonteq Securities AG bought a new stake in shares of Microchip Technology in the 4th quarter valued at about $981,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling

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

Microchip Technology Stock Up 3.7%

NASDAQ MCHP opened at $74.20 on Friday. Microchip Technology Incorporated has a 1 year low of $48.52 and a 1 year high of $105.91. The stock has a market capitalization of $40.29 billion, a PE ratio of 110.75, a PEG ratio of 0.50 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. The business’s 50-day moving average is $78.36 and its 200 day moving average is $81.02.

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

Microchip Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 24th were issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, August 24th. Microchip Technology’s dividend payout ratio is currently 271.64%.

Wall Street Analysts Forecast Growth

MCHP has been the topic of several recent research reports. Cantor Fitzgerald restated an “overweight” rating on shares of Microchip Technology in a research report on Wednesday. Truist Financial lowered their price objective on Microchip Technology from $105.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 7th. Weiss Ratings raised Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. TD Cowen cut their target price on shares of Microchip Technology from $105.00 to $90.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $120.00 target price on shares of Microchip Technology in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Microchip Technology has an average rating of “Moderate Buy” and an average price target of $98.67.

About Microchip Technology

Microchip Technology Incorporated (NASDAQ: MCHP) develops and manufactures semiconductor products for embedded control and connected applications. Its portfolio includes microcontrollers, microprocessors, analog and mixed-signal devices, power-management products, timing and connectivity solutions, memory products, field-programmable gate arrays (FPGAs), and security components.

The company also provides development tools, software, reference designs, and technical support that help customers design and integrate embedded systems.