Microchip Technology Incorporated $MCHP Stock Holdings Raised by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 21.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 40,358 shares of the semiconductor company’s stock after purchasing an additional 7,230 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Microchip Technology were worth $2,571,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. GoalVest Advisory LLC boosted its holdings in shares of Microchip Technology by 174.0% in the 4th quarter. GoalVest Advisory LLC now owns 548 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 348 shares during the period. Board of the Pension Protection Fund acquired a new position in shares of Microchip Technology in the 4th quarter valued at about $38,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Microchip Technology in the 4th quarter valued at about $38,000. TOWER TRUST & INVESTMENT Co boosted its holdings in shares of Microchip Technology by 1,555.0% in the 4th quarter. TOWER TRUST & INVESTMENT Co now owns 662 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 622 shares during the period. Finally, State of Wyoming boosted its holdings in shares of Microchip Technology by 78.1% in the 2nd quarter. State of Wyoming now owns 618 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 271 shares during the period. Institutional investors own 91.51% of the company’s stock.

Insider Activity at Microchip Technology

In other Microchip Technology news, Director Matthew W. Chapman sold 3,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $97.52, for a total transaction of $292,560.00. Following the sale, the director directly owned 17,665 shares in the company, valued at approximately $1,722,690.80. The trade was a 14.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steve Sanghi sold 76,469 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $93.58, for a total transaction of $7,155,969.02. Following the sale, the chief executive officer owned 9,385,834 shares in the company, valued at $878,326,345.72. This trade represents a 0.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 548,302 shares of company stock valued at $49,186,035 over the last quarter. Corporate insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Microchip Technology from $75.00 to $95.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Weiss Ratings raised shares of Microchip Technology from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 22nd. Susquehanna boosted their target price on shares of Microchip Technology from $95.00 to $120.00 and gave the company a “positive” rating in a research note on Friday, May 8th. UBS Group reissued a “buy” rating on shares of Microchip Technology in a research note on Tuesday. Finally, Rosenblatt Securities boosted their target price on shares of Microchip Technology from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $97.52.

Microchip Technology Trading Down 8.3%

Microchip Technology stock opened at $88.34 on Friday. 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 50-day moving average price of $85.00 and a two-hundred day moving average price of $74.17. The firm has a market capitalization of $47.89 billion, a price-to-earnings ratio of 420.69, a PEG ratio of 1.01 and a beta of 1.73. Microchip Technology Incorporated has a 52-week low of $48.52 and a 52-week high of $105.91.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Microchip Technology had a net margin of 4.88% and a return on equity of 10.87%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the business posted $0.11 EPS. Microchip Technology’s revenue was up 35.1% on a year-over-year basis. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. Sell-side analysts expect that Microchip Technology Incorporated will post 2.58 earnings per share for the current year.

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, May 22nd. Microchip Technology’s payout ratio is 866.67%.

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.