JPMorgan Chase & Co. Has $414.99 Million Holdings in Microchip Technology Incorporated $MCHP

JPMorgan Chase & Co. trimmed its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 87.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,461,925 shares of the semiconductor company’s stock after selling 45,221,613 shares during the period. JPMorgan Chase & Co.’s holdings in Microchip Technology were worth $414,985,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MCHP. AQR Capital Management LLC boosted its position in shares of Microchip Technology by 51.3% during the 1st quarter. AQR Capital Management LLC now owns 17,201 shares of the semiconductor company’s stock worth $827,000 after acquiring an additional 5,835 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Microchip Technology by 101.8% during the first quarter. Geneos Wealth Management Inc. now owns 1,221 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 616 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Microchip Technology by 3.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 26,826 shares of the semiconductor company’s stock worth $1,923,000 after purchasing an additional 772 shares during the last quarter. Mutual Advisors LLC acquired a new stake in shares of Microchip Technology in the 2nd quarter valued at $221,000. Finally, Nordea Investment Management AB increased its stake in shares of Microchip Technology by 6.4% in the 2nd quarter. Nordea Investment Management AB now owns 46,933 shares of the semiconductor company’s stock valued at $3,300,000 after purchasing an additional 2,805 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Microchip Technology Stock Up 0.2%

Shares of NASDAQ MCHP opened at $79.11 on Thursday. The company has a 50 day simple moving average of $72.40 and a 200 day simple moving average of $66.03. The firm has a market cap of $42.81 billion, a PE ratio of -272.79, a price-to-earnings-growth ratio of 1.99 and a beta of 1.46. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year high of $83.35. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.16 and a quick ratio of 1.16.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share 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 analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. On average, research analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Monday, February 23rd will be issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Monday, February 23rd. Microchip Technology’s dividend payout ratio is presently -627.59%.

Insider Buying and Selling at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of Microchip Technology stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total transaction of $216,273.88. Following the transaction, the chief financial officer directly owned 30,089 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Also, CEO Steve Sanghi sold 98,814 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 9,922,319 shares of the company’s stock, valued at $799,242,795.45. This trade represents a 0.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 121,615 shares of company stock valued at $9,641,654. 1.94% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MCHP. Bank of America upgraded Microchip Technology from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Wednesday, January 28th. Argus raised Microchip Technology to a “strong-buy” rating in a research note on Monday, February 9th. Truist Financial raised their price target on shares of Microchip Technology from $60.00 to $68.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Jefferies Financial Group reiterated a “hold” rating on shares of Microchip Technology in a research report on Wednesday, February 4th. Finally, Wall Street Zen raised shares of Microchip Technology from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Microchip Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

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.