Exchange Traded Concepts LLC Increases Holdings in Microchip Technology Incorporated $MCHP

Exchange Traded Concepts LLC increased its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 20.9% during the 4th quarter, Holdings Channel reports. The firm owned 223,476 shares of the semiconductor company’s stock after acquiring an additional 38,611 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Microchip Technology were worth $14,240,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in Microchip Technology in the second quarter worth about $473,320,000. Dodge & Cox boosted its holdings in shares of Microchip Technology by 958.4% in the 2nd quarter. Dodge & Cox now owns 6,339,800 shares of the semiconductor company’s stock valued at $446,132,000 after buying an additional 5,740,827 shares in the last quarter. State Street Corp boosted its holdings in shares of Microchip Technology by 8.5% in the 2nd quarter. State Street Corp now owns 31,888,814 shares of the semiconductor company’s stock valued at $2,244,016,000 after buying an additional 2,489,258 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Microchip Technology by 25.7% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,048,057 shares of the semiconductor company’s stock worth $709,506,000 after buying an additional 2,257,932 shares during the last quarter. Finally, Holocene Advisors LP grew its position in shares of Microchip Technology by 77.0% in the 3rd quarter. Holocene Advisors LP now owns 4,709,538 shares of the semiconductor company’s stock worth $302,447,000 after buying an additional 2,049,249 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Microchip Technology news, CEO Steve Sanghi sold 98,814 shares of Microchip Technology stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the completion of the sale, the chief executive officer owned 9,922,319 shares of the company’s stock, valued at approximately $799,242,795.45. The trade was a 0.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Microchip Technology from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Stifel Nicolaus set a $90.00 price target on shares of Microchip Technology in a report on Friday, February 6th. Truist Financial upped their price target on Microchip Technology from $60.00 to $68.00 and gave the stock a “hold” rating in a research report on Friday, February 6th. Rosenblatt Securities increased their price objective on Microchip Technology from $80.00 to $115.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Zacks Research cut Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.00.

Microchip Technology Stock Down 3.4%

MCHP stock opened at $62.00 on Friday. The stock has a market capitalization of $33.55 billion, a PE ratio of -213.79, a price-to-earnings-growth ratio of 1.56 and a beta of 1.45. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $83.35. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average of $72.30 and a 200 day moving average of $66.55.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the business posted $0.20 EPS. Microchip Technology’s revenue for the quarter was up 15.6% compared to the same quarter last year. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Sell-side analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were paid a $0.455 dividend. The ex-dividend date was Monday, February 23rd. This represents a $1.82 dividend on an annualized basis and a yield of 2.9%. Microchip Technology’s dividend payout ratio (DPR) is -627.59%.

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.