Wisconsin Capital Management LLC Purchases 33,580 Shares of Microchip Technology Incorporated $MCHP

Wisconsin Capital Management LLC boosted its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 363.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,810 shares of the semiconductor company’s stock after acquiring an additional 33,580 shares during the quarter. Microchip Technology accounts for 1.4% of Wisconsin Capital Management LLC’s portfolio, making the stock its 25th biggest holding. Wisconsin Capital Management LLC’s holdings in Microchip Technology were worth $2,749,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC increased its position in shares of Microchip Technology by 51.3% during the 1st 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. boosted its holdings in shares of Microchip Technology by 101.8% in the first 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. IFG Advisory LLC bought a new stake in Microchip Technology during the second quarter valued at approximately $267,000. Plato Investment Management Ltd increased its holdings in Microchip Technology by 36.6% during the second quarter. Plato Investment Management Ltd now owns 6,227 shares of the semiconductor company’s stock valued at $437,000 after buying an additional 1,667 shares during the last quarter. Finally, TIAA Trust National Association increased its holdings in Microchip Technology by 12.8% during the second quarter. TIAA Trust National Association now owns 12,076 shares of the semiconductor company’s stock valued at $850,000 after buying an additional 1,374 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microchip Technology

In related news, CEO Steve Sanghi sold 98,814 shares of the firm’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total transaction 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 approximately $799,242,795.45. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. TD Cowen dropped their price target on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Mizuho lifted their target price on Microchip Technology from $83.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Citigroup reduced their price target on Microchip Technology from $92.00 to $91.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Wall Street Zen raised Microchip Technology from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, BNP Paribas Exane raised Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Microchip Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

Microchip Technology Price Performance

Shares of Microchip Technology stock opened at $71.39 on Wednesday. The company has a market capitalization of $38.63 billion, a price-to-earnings ratio of -246.17, a PEG ratio of 1.87 and a beta of 1.45. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82. The stock’s 50-day simple moving average is $74.09 and its 200-day simple moving average is $66.69. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $83.35.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company earned $0.20 EPS. The firm’s quarterly 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, analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be issued a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, February 23rd. Microchip Technology’s payout ratio is -627.59%.

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.