Microchip Technology Incorporated $MCHP Shares Bought by Perpetual Ltd

Perpetual Ltd grew its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 659,828 shares of the semiconductor company’s stock after acquiring an additional 18,838 shares during the quarter. Perpetual Ltd’s holdings in Microchip Technology were worth $42,044,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MCHP. AQR Capital Management LLC increased its stake in Microchip Technology by 51.3% during the first quarter. AQR Capital Management LLC now owns 17,201 shares of the semiconductor company’s stock valued at $827,000 after purchasing an additional 5,835 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Microchip Technology by 101.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,221 shares of the semiconductor company’s stock worth $59,000 after buying an additional 616 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Microchip Technology by 3.5% in the 2nd quarter. Mackenzie Financial Corp now owns 53,782 shares of the semiconductor company’s stock worth $3,785,000 after buying an additional 1,839 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Microchip Technology in the 2nd quarter valued at about $3,077,000. Finally, Beacon Pointe Advisors LLC boosted its holdings in shares of Microchip Technology by 27.7% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 51,160 shares of the semiconductor company’s stock valued at $3,600,000 after buying an additional 11,088 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Microchip Technology Price Performance

MCHP stock opened at $65.60 on Friday. The stock has a market cap of $35.50 billion, a PE ratio of -226.21, a price-to-earnings-growth ratio of 0.91 and a beta of 1.49. The firm’s 50-day simple moving average is $71.24 and its 200 day simple moving average is $66.53. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $83.35. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business posted $0.20 EPS. Microchip Technology’s revenue was up 15.6% on a year-over-year basis. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, sell-side analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were given a dividend of $0.455 per share. The ex-dividend date was Monday, February 23rd. This represents a $1.82 annualized dividend and a dividend yield of 2.8%. Microchip Technology’s payout ratio is currently -627.59%.

Insider Activity

In related news, CEO Steve Sanghi sold 98,814 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total value of $7,959,467.70. Following the completion of the transaction, the chief executive officer directly owned 9,922,319 shares of the company’s stock, valued at $799,242,795.45. This represents a 0.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MCHP. Zacks Research lowered shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Rosenblatt Securities lifted their target price on Microchip Technology from $80.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Wolfe Research set a $85.00 target price on Microchip Technology in a report on Tuesday, January 6th. Needham & Company LLC increased their price target on Microchip Technology from $77.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, Wells Fargo & Company raised their price target on Microchip Technology from $68.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently 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.