Bourgeon Capital Management LLC Invests $667,000 in Microchip Technology Incorporated $MCHP

Bourgeon Capital Management LLC purchased a new stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) during the 4th quarter, Holdings Channel.com reports. The fund purchased 10,469 shares of the semiconductor company’s stock, valued at approximately $667,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in Microchip Technology by 2.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 193,952 shares of the semiconductor company’s stock valued at $12,359,000 after buying an additional 3,793 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Microchip Technology by 13.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 26,687 shares of the semiconductor company’s stock worth $1,735,000 after acquiring an additional 3,217 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of Microchip Technology by 1.4% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 206,253 shares of the semiconductor company’s stock worth $13,142,000 after acquiring an additional 2,853 shares during the last quarter. Thompson Investment Management Inc. lifted its stake in shares of Microchip Technology by 2.4% during the fourth quarter. Thompson Investment Management Inc. now owns 91,430 shares of the semiconductor company’s stock valued at $5,826,000 after acquiring an additional 2,162 shares during the period. Finally, Chesley Taft & Associates LLC lifted its stake in shares of Microchip Technology by 6.9% during the fourth quarter. Chesley Taft & Associates LLC now owns 3,848 shares of the semiconductor company’s stock valued at $245,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Transactions at Microchip Technology

In other Microchip Technology news, CEO Steve Sanghi sold 98,814 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total value 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. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on MCHP shares. Truist Financial lifted their price objective on Microchip Technology from $60.00 to $68.00 and gave the stock a “hold” rating in a research report on Friday, February 6th. Wolfe Research set a $85.00 target price on shares of Microchip Technology in a research report on Tuesday, January 6th. Weiss Ratings lowered shares of Microchip Technology from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Bank of America upgraded shares of Microchip Technology from a “neutral” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Wednesday, January 28th. Finally, Stifel Nicolaus set a $90.00 price target on shares of Microchip Technology in a research note on Friday, February 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Microchip Technology has an average rating of “Moderate Buy” and a consensus price target of $86.00.

Microchip Technology Trading Up 7.6%

NASDAQ:MCHP opened at $64.61 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $83.35. The firm has a market capitalization of $34.96 billion, a price-to-earnings ratio of -222.79, a PEG ratio of 1.51 and a beta of 1.45. The business’s 50-day moving average price is $71.84 and its two-hundred day moving average price is $66.53.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) 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 analysts’ expectations of $1.19 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The company’s revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 earnings per share. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were paid a dividend of $0.455 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.82 annualized dividend and a yield of 2.8%. Microchip Technology’s dividend payout ratio (DPR) is presently -627.59%.

About Microchip Technology

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.