Quantitative Investment Management LLC Takes $749,000 Position in Microchip Technology Incorporated $MCHP

Quantitative Investment Management LLC acquired a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,221 shares of the semiconductor company’s stock, valued at approximately $749,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sigma Planning Corp bought a new position in shares of Microchip Technology in the second quarter valued at approximately $1,274,000. Benjamin Edwards Inc. lifted its stake in shares of Microchip Technology by 17.0% in the second quarter. Benjamin Edwards Inc. now owns 18,210 shares of the semiconductor company’s stock worth $1,661,000 after buying an additional 2,643 shares during the last quarter. GTS Securities LLC bought a new stake in shares of Microchip Technology during the 2nd quarter worth $237,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Microchip Technology by 13.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 24,650 shares of the semiconductor company’s stock worth $2,248,000 after buying an additional 2,962 shares during the period. Finally, Hollencrest Capital Management acquired a new position in Microchip Technology in the 2nd quarter valued at $36,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on MCHP shares. Wall Street Zen upgraded shares of Microchip Technology from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings upgraded shares of Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Susquehanna raised their price target on Microchip Technology from $95.00 to $120.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $120.00 price objective on shares of Microchip Technology in a research note on Friday, August 7th. Finally, TD Cowen cut their price objective on Microchip Technology from $105.00 to $90.00 and set a “hold” rating for the company in a research report on Monday, July 13th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $98.67.

Insider Buying and Selling at Microchip Technology

In related news, CFO James Eric Bjornholt sold 4,112 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $75.32, for a total value of $309,715.84. Following the sale, the chief financial officer owned 28,573 shares of the company’s stock, valued at $2,152,118.36. The trade was a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Richard J. Simoncic sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $97.52, for a total value of $487,600.00. Following the completion of the sale, the chief operating officer owned 130,508 shares in the company, valued at approximately $12,727,140.16. This represents a 3.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 9,949 shares of company stock valued at $864,493. 1.79% of the stock is owned by company insiders.

Microchip Technology Price Performance

Shares of Microchip Technology stock opened at $71.41 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.92 and a quick ratio of 1.11. Microchip Technology Incorporated has a fifty-two week low of $48.52 and a fifty-two week high of $105.91. The firm has a fifty day moving average price of $80.88 and a two-hundred day moving average price of $81.33. The company has a market cap of $38.78 billion, a PE ratio of 106.58, a price-to-earnings-growth ratio of 0.51 and a beta of 1.75.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.06. Microchip Technology had a net margin of 9.34% and a return on equity of 14.97%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the firm posted $0.27 EPS. The business’s revenue was up 38.0% compared to the same quarter last year. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. Analysts expect that Microchip Technology Incorporated will post 3.16 EPS for the current year.

Microchip Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 24th will be paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, August 24th. Microchip Technology’s dividend payout ratio is presently 271.64%.

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.