Maxi Investments CY Ltd Makes New Investment in Microchip Technology Incorporated $MCHP

Maxi Investments CY Ltd bought a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,000 shares of the semiconductor company’s stock, valued at approximately $1,477,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Microchip Technology by 2.1% in the third quarter. Vanguard Group Inc. now owns 72,075,558 shares of the semiconductor company’s stock worth $4,628,692,000 after purchasing an additional 1,507,554 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Microchip Technology by 13.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 209,384 shares of the semiconductor company’s stock worth $13,447,000 after buying an additional 24,963 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Microchip Technology by 498.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,034,797 shares of the semiconductor company’s stock worth $130,675,000 after buying an additional 1,694,533 shares during the period. Natixis Advisors LLC grew its stake in Microchip Technology by 18.7% in the 3rd quarter. Natixis Advisors LLC now owns 1,233,018 shares of the semiconductor company’s stock valued at $79,184,000 after buying an additional 194,048 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in Microchip Technology by 37.2% during the 3rd quarter. Voya Investment Management LLC now owns 3,361,581 shares of the semiconductor company’s stock valued at $215,881,000 after acquiring an additional 911,731 shares during the period. Institutional investors own 91.51% of the company’s stock.

Microchip Technology Price Performance

NASDAQ:MCHP opened at $63.83 on Tuesday. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $83.35. The stock has a fifty day moving average of $74.14 and a 200 day moving average of $66.60. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.16 and a current ratio of 2.16. The firm has a market capitalization of $34.54 billion, a price-to-earnings ratio of -220.10, a P/E/G ratio of 1.56 and a beta of 1.45.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The company’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. On average, research analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, February 23rd. Microchip Technology’s dividend payout ratio (DPR) is currently -627.59%.

Insider Buying and Selling

In other Microchip Technology news, CEO Steve Sanghi sold 98,814 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The shares were 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 owned 9,922,319 shares of the company’s stock, valued at $799,242,795.45. The trade was a 0.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.94% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MCHP shares. BNP Paribas Exane upgraded Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 target price on the stock in a research report on Thursday, January 22nd. Cantor Fitzgerald boosted their price objective on Microchip Technology from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Wolfe Research set a $85.00 price objective on Microchip Technology in a report on Tuesday, January 6th. Barclays assumed coverage on Microchip Technology in a research note on Thursday, February 12th. They issued an “equal weight” rating and a $80.00 target price for the company. Finally, Piper Sandler lifted their target price on Microchip Technology from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.