Microchip Technology Incorporated $MCHP Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 14.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,606,181 shares of the semiconductor company’s stock after selling 457,172 shares during the quarter. California Public Employees Retirement System’s holdings in Microchip Technology were worth $183,397,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Microchip Technology by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 70,568,004 shares of the semiconductor company’s stock valued at $4,965,870,000 after purchasing an additional 1,265,390 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Microchip Technology by 10.4% during the second quarter. Invesco Ltd. now owns 18,452,546 shares of the semiconductor company’s stock worth $1,298,506,000 after buying an additional 1,745,515 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Microchip Technology by 0.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 16,630,574 shares of the semiconductor company’s stock valued at $805,087,000 after buying an additional 152,434 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Microchip Technology by 2.4% in the second quarter. Geode Capital Management LLC now owns 14,842,341 shares of the semiconductor company’s stock worth $1,040,544,000 after buying an additional 343,210 shares in the last quarter. Finally, Boston Partners lifted its stake in shares of Microchip Technology by 38.2% in the second quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock worth $1,041,868,000 after buying an additional 4,101,034 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MCHP shares. Morgan Stanley upped their price target on Microchip Technology from $63.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 4th. Bank of America upped their target price on Microchip Technology from $67.00 to $72.00 and gave the company a “neutral” rating in a report on Friday. Susquehanna reduced their price target on Microchip Technology from $85.00 to $75.00 and set a “positive” rating on the stock in a report on Friday, November 7th. KeyCorp reissued an “overweight” rating on shares of Microchip Technology in a research report on Wednesday. Finally, Stifel Nicolaus cut their price objective on shares of Microchip Technology from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $74.95.

Insider Activity at Microchip Technology

In related news, CFO James Eric Bjornholt sold 4,292 shares of Microchip Technology stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total value of $216,273.88. Following the completion of the transaction, the chief financial officer owned 30,089 shares in the company, valued at approximately $1,516,184.71. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.94% of the company’s stock.

Microchip Technology Trading Up 1.7%

MCHP opened at $65.81 on Monday. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $77.20. The company has a quick ratio of 1.20, a current ratio of 2.25 and a debt-to-equity ratio of 0.80. The business has a fifty day simple moving average of $60.15 and a 200-day simple moving average of $64.63. The firm has a market cap of $35.57 billion, a P/E ratio of -146.24, a P/E/G ratio of 2.28 and a beta of 1.48.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the company earned $0.46 EPS. Microchip Technology’s revenue was down 2.0% on a year-over-year basis. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, equities analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be paid a $0.455 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.82 annualized dividend and a dividend yield of 2.8%. Microchip Technology’s dividend payout ratio (DPR) is presently -404.44%.

Microchip Technology Company Profile

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.