Quantbot Technologies LP Raises Stock Holdings in Microchip Technology Incorporated $MCHP

Quantbot Technologies LP grew its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 248.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 152,307 shares of the semiconductor company’s stock after acquiring an additional 108,582 shares during the quarter. Quantbot Technologies LP’s holdings in Microchip Technology were worth $9,781,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MCHP. Allianz SE purchased a new position in shares of Microchip Technology in the 3rd quarter worth $819,000. Aster Capital Management DIFC Ltd bought a new position in Microchip Technology in the third quarter valued at about $269,000. Banco Santander S.A. boosted its position in Microchip Technology by 104.2% in the third quarter. Banco Santander S.A. now owns 76,981 shares of the semiconductor company’s stock worth $4,944,000 after purchasing an additional 39,280 shares during the last quarter. DNB Asset Management AS grew its stake in shares of Microchip Technology by 60.9% during the 3rd quarter. DNB Asset Management AS now owns 157,668 shares of the semiconductor company’s stock valued at $10,125,000 after purchasing an additional 59,683 shares during the period. Finally, West Family Investments Inc. increased its position in shares of Microchip Technology by 16.6% during the 3rd quarter. West Family Investments Inc. now owns 5,343 shares of the semiconductor company’s stock valued at $343,000 after purchasing an additional 761 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 transaction, the chief executive officer owned 9,922,319 shares of the company’s stock, valued at $799,242,795.45. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.94% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. B. Riley Financial raised their price objective on shares of Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Wolfe Research set a $85.00 price target on shares of Microchip Technology in a research note on Tuesday, January 6th. Barclays started coverage on Microchip Technology in a report on Thursday, February 12th. They issued an “equal weight” rating and a $80.00 target price on the stock. Truist Financial boosted their price target on Microchip Technology from $60.00 to $68.00 and gave the company a “hold” rating in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. raised their price target on Microchip Technology from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Three 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.00.

Microchip Technology Trading Down 0.4%

Shares of MCHP opened at $74.64 on Friday. The company’s fifty day simple moving average is $73.81 and its 200-day simple moving average is $66.57. The company has a market cap of $40.39 billion, a P/E ratio of -257.38, a P/E/G ratio of 1.89 and a beta of 1.46. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $83.35.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 earnings per share. 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 EPS for the current year.

Microchip Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, February 23rd. Microchip Technology’s dividend payout ratio is currently -627.59%.

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.