12,837 Shares in Microchip Technology Incorporated $MCHP Bought by Quantum Financial Advisors LLC

Quantum Financial Advisors LLC acquired a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 12,837 shares of the semiconductor company’s stock, valued at approximately $818,000.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new stake in Microchip Technology during the second quarter worth about $473,320,000. Dodge & Cox boosted its stake in Microchip Technology by 958.4% in the second quarter. Dodge & Cox now owns 6,339,800 shares of the semiconductor company’s stock valued at $446,132,000 after acquiring an additional 5,740,827 shares during the last quarter. Boston Partners boosted its stake in Microchip Technology by 38.2% in the second quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock valued at $1,041,868,000 after acquiring an additional 4,101,034 shares during the last quarter. State Street Corp increased its stake in shares of Microchip Technology by 8.5% during the 2nd quarter. State Street Corp now owns 31,888,814 shares of the semiconductor company’s stock worth $2,244,016,000 after purchasing an additional 2,489,258 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Microchip Technology by 25.7% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,048,057 shares of the semiconductor company’s stock worth $709,506,000 after purchasing an additional 2,257,932 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MCHP shares. Wells Fargo & Company upped their price objective on Microchip Technology from $68.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, February 6th. Jefferies Financial Group restated a “hold” rating on shares of Microchip Technology in a research note on Wednesday, February 4th. Rosenblatt Securities increased their price target on Microchip Technology from $80.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. B. Riley Financial lifted their price objective on Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, Wolfe Research set a $85.00 price objective on shares of Microchip Technology in a report on Tuesday, January 6th. Three 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.00.

Microchip Technology Stock Up 2.2%

Shares of NASDAQ MCHP opened at $64.34 on Tuesday. 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 company has a market cap of $34.82 billion, a P/E ratio of -221.86, a P/E/G ratio of 1.59 and a beta of 1.45. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $83.35. The business has a 50-day simple moving average of $73.12 and a two-hundred day simple moving average of $66.59.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period 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. Research analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently declared 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. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, February 23rd. Microchip Technology’s payout ratio is -627.59%.

Insider Buying and Selling at Microchip Technology

In related 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 sale, the chief executive officer owned 9,922,319 shares in the company, valued at approximately $799,242,795.45. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.94% of the company’s stock.

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.