MUFG Securities EMEA plc Has $23.47 Million Stock Holdings in Microchip Technology Incorporated $MCHP

MUFG Securities EMEA plc increased its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 3,465.2% during the 4th quarter, HoldingsChannel reports. The fund owned 368,283 shares of the semiconductor company’s stock after purchasing an additional 357,953 shares during the quarter. MUFG Securities EMEA plc’s holdings in Microchip Technology were worth $23,467,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Forsta AP Fonden lifted its stake in shares of Microchip Technology by 1.0% during the fourth quarter. Forsta AP Fonden now owns 120,000 shares of the semiconductor company’s stock valued at $7,646,000 after acquiring an additional 1,200 shares during the period. Norges Bank acquired a new position in shares of Microchip Technology during the fourth quarter valued at $664,564,000. Zweig DiMenna Associates LLC acquired a new position in shares of Microchip Technology during the fourth quarter valued at $7,742,000. Eurizon Capital SGR S.p.A. bought a new stake in Microchip Technology in the fourth quarter valued at about $6,989,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in Microchip Technology in the fourth quarter valued at about $109,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insiders Place Their Bets

In other Microchip Technology news, Director Matthew W. Chapman sold 10,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $95.48, for a total value of $954,800.00. Following the completion of the transaction, the director directly owned 20,665 shares of the company’s stock, valued at approximately $1,973,094.20. The trade was a 32.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steve Sanghi sold 416,581 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $88.53, for a total value of $36,879,915.93. Following the completion of the transaction, the chief executive officer directly owned 9,495,805 shares of the company’s stock, valued at approximately $840,663,616.65. The trade was a 4.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 548,302 shares of company stock valued at $49,186,035 in the last three months. Insiders own 1.94% of the company’s stock.

Microchip Technology Stock Down 1.4%

NASDAQ:MCHP opened at $94.65 on Friday. Microchip Technology Incorporated has a 1 year low of $48.52 and a 1 year high of $105.91. The company has a current ratio of 2.09, a quick ratio of 1.18 and a debt-to-equity ratio of 0.85. The stock has a market cap of $51.31 billion, a price-to-earnings ratio of 450.74, a PEG ratio of 1.00 and a beta of 1.75. The stock has a 50-day moving average price of $82.04 and a two-hundred day moving average price of $72.80.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the firm earned $0.11 earnings per share. The company’s revenue was up 35.1% on a year-over-year basis. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. As a group, equities analysts expect that Microchip Technology Incorporated will post 2.58 earnings per share for the current year.

Microchip Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, May 22nd. Microchip Technology’s payout ratio is presently 866.67%.

Wall Street Analyst Weigh In

A number of research firms recently commented on MCHP. Rosenblatt Securities upped their price objective on Microchip Technology from $115.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 8th. Wells Fargo & Company upped their price objective on Microchip Technology from $75.00 to $95.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Zacks Research upgraded Microchip Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Truist Financial upped their price objective on Microchip Technology from $69.00 to $105.00 and gave the company a “hold” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. upped their price objective on Microchip Technology from $95.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $97.52.

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.