Epoch Investment Partners Inc. Has $85.53 Million Position in Microchip Technology Incorporated $MCHP

Epoch Investment Partners Inc. lowered its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 1.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,323,736 shares of the semiconductor company’s stock after selling 25,400 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Microchip Technology were worth $85,527,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. EFG International AG acquired a new stake in Microchip Technology in the 4th quarter valued at $29,000. Miller Capital Partners Inc. bought a new position in shares of Microchip Technology during the fourth quarter valued at $29,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Microchip Technology during the fourth quarter valued at $33,000. Reflection Asset Management acquired a new stake in shares of Microchip Technology in the 4th quarter valued at $33,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 in the last quarter. 91.51% of the stock is owned by institutional investors.

Microchip Technology Price Performance

Microchip Technology stock opened at $78.86 on Friday. The business’s 50-day simple moving average is $90.64 and its 200 day simple moving average is $81.09. 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 stock has a market cap of $42.82 billion, a price-to-earnings ratio of 375.54, a P/E/G ratio of 0.82 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. As a group, research analysts anticipate that Microchip Technology Incorporated will post 2.7 earnings per share for the current year.

Microchip Technology Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, May 22nd. Microchip Technology’s dividend payout ratio (DPR) is presently 866.67%.

Insiders Place Their Bets

In other news, CFO James Eric Bjornholt sold 3,667 shares of Microchip Technology stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $90.87, for a total transaction of $333,220.29. Following the transaction, the chief financial officer owned 28,573 shares in the company, valued at $2,596,428.51. The trade was a 11.37% decrease in their position. The transaction 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. Also, COO Richard J. Simoncic sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $97.52, for a total value of $487,600.00. Following the completion of the transaction, the chief operating officer owned 130,508 shares of the company’s stock, valued at $12,727,140.16. This represents a 3.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 136,721 shares of company stock valued at $12,793,719 over the last ninety days. 1.79% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MCHP. Needham & Company LLC increased their target price on shares of Microchip Technology from $84.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Wall Street Zen raised shares of Microchip Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $125.00 price objective on shares of Microchip Technology in a report on Wednesday, May 13th. Wells Fargo & Company cut their target price on shares of Microchip Technology from $95.00 to $88.00 and set an “equal weight” rating for the company in a research note on Monday, July 20th. Finally, Susquehanna boosted their target price on Microchip Technology from $95.00 to $120.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Four investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.