Global X Japan Co. Ltd. Has $2.02 Million Holdings in Microchip Technology Incorporated $MCHP

Global X Japan Co. Ltd. decreased its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 31.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 31,385 shares of the semiconductor company’s stock after selling 14,320 shares during the period. Global X Japan Co. Ltd.’s holdings in Microchip Technology were worth $2,016,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. MCF Advisors LLC boosted its stake in Microchip Technology by 211.2% during the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 321 shares in the last quarter. Carderock Capital Management Inc. acquired a new position in shares of Microchip Technology during the second quarter valued at about $39,000. Painted Porch Advisors LLC acquired a new position in shares of Microchip Technology during the second quarter valued at about $40,000. Fourth Dimension Wealth LLC boosted its position in shares of Microchip Technology by 98.7% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 298 shares in the last quarter. Finally, State of Wyoming grew its stake in shares of Microchip Technology by 78.1% in the 2nd quarter. State of Wyoming now owns 618 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 271 shares during the period. Institutional investors own 91.51% of the company’s stock.

Microchip Technology Price Performance

Shares of NASDAQ:MCHP opened at $65.35 on Wednesday. The company has a current ratio of 2.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.80. The stock has a market cap of $35.32 billion, a PE ratio of -145.22, a price-to-earnings-growth ratio of 2.07 and a beta of 1.47. The stock’s fifty day simple moving average is $60.50 and its two-hundred day simple moving average is $65.16. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $77.20.

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 negative net margin of 4.39% and a positive return on equity of 5.21%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the business posted $0.46 EPS. The business’s revenue was down 2.0% compared to the same quarter last year. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were given a dividend of $0.455 per share. The ex-dividend date of this dividend was 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 currently -404.44%.

Insider Activity at Microchip Technology

In other news, CFO James Eric Bjornholt sold 4,292 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the transaction, the chief financial officer owned 30,089 shares in the company, valued at $1,516,184.71. The trade was a 12.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.94% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on MCHP. Cantor Fitzgerald raised Microchip Technology from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $65.00 to $85.00 in a research note on Tuesday, December 16th. Susquehanna lowered their target price on Microchip Technology from $85.00 to $75.00 and set a “positive” rating on the stock in a research report on Friday, November 7th. Morgan Stanley increased their target price on Microchip Technology from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 4th. KeyCorp restated an “overweight” rating on shares of Microchip Technology in a research note on Wednesday, December 3rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $76.00.

Microchip Technology Company 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.