Swiss National Bank Decreases Stake in Microchip Technology Incorporated $MCHP

Swiss National Bank reduced its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 4.4% during the third quarter, HoldingsChannel reports. The firm owned 1,555,714 shares of the semiconductor company’s stock after selling 72,300 shares during the period. Swiss National Bank’s holdings in Microchip Technology were worth $99,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Florida Trust Wealth Management Co boosted its holdings in shares of Microchip Technology by 3.3% during the 3rd quarter. Florida Trust Wealth Management Co now owns 4,890 shares of the semiconductor company’s stock valued at $314,000 after acquiring an additional 157 shares during the last quarter. Clean Yield Group boosted its holdings in Microchip Technology by 9.4% in the third quarter. Clean Yield Group now owns 1,890 shares of the semiconductor company’s stock worth $121,000 after purchasing an additional 163 shares during the last quarter. Slagle Financial LLC boosted its holdings in Microchip Technology by 0.3% in the third quarter. Slagle Financial LLC now owns 64,485 shares of the semiconductor company’s stock worth $4,141,000 after purchasing an additional 168 shares during the last quarter. Global Trust Asset Management LLC grew its position in Microchip Technology by 2.4% in the 3rd quarter. Global Trust Asset Management LLC now owns 7,263 shares of the semiconductor company’s stock worth $466,000 after purchasing an additional 169 shares during the period. Finally, Bollard Group LLC raised its stake in Microchip Technology by 5.8% during the 2nd quarter. Bollard Group LLC now owns 3,178 shares of the semiconductor company’s stock valued at $224,000 after buying an additional 173 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Microchip Technology Stock Performance

NASDAQ:MCHP opened at $65.33 on Wednesday. The stock has a 50-day simple moving average of $74.25 and a two-hundred day simple moving average of $66.70. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.16 and a current ratio of 2.16. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $83.35. The firm has a market capitalization of $35.35 billion, a PE ratio of -225.28, a P/E/G ratio of 1.64 and a beta of 1.45.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data 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 positive return on equity of 7.16% and a negative net margin of 1.57%.The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the company posted $0.20 EPS. The firm’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. Analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

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

Insiders Place Their Bets

In other Microchip Technology news, CEO Steve Sanghi sold 98,814 shares of the stock in a transaction 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 sale, the chief executive officer owned 9,922,319 shares in the company, valued at approximately $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 accessible through the SEC website. Corporate insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MCHP shares. Truist Financial raised their price target on Microchip Technology from $60.00 to $68.00 and gave the stock a “hold” rating in a research note on Friday, February 6th. Argus raised Microchip Technology to a “strong-buy” rating in a report on Monday, February 9th. Rosenblatt Securities boosted their price target on Microchip Technology from $80.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, February 6th. B. Riley Financial upped their price target on shares of Microchip Technology from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Finally, Citigroup dropped their price objective on shares of Microchip Technology from $92.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.00.

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.