Aberdeen Group plc Has $27.46 Million Stock Holdings in Microchip Technology Incorporated $MCHP

Aberdeen Group plc raised its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 430,962 shares of the semiconductor company’s stock after acquiring an additional 10,731 shares during the quarter. Aberdeen Group plc’s holdings in Microchip Technology were worth $27,461,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. State Street Corp increased its holdings in shares of Microchip Technology by 8.5% in the second quarter. State Street Corp now owns 31,888,814 shares of the semiconductor company’s stock valued at $2,244,016,000 after purchasing an additional 2,489,258 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Microchip Technology by 25.7% during 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 in the last quarter. Holocene Advisors LP boosted its position in Microchip Technology by 77.0% in the 3rd quarter. Holocene Advisors LP now owns 4,709,538 shares of the semiconductor company’s stock valued at $302,447,000 after buying an additional 2,049,249 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Microchip Technology by 582.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,154,164 shares of the semiconductor company’s stock valued at $151,589,000 after buying an additional 1,838,300 shares during the last quarter. Finally, Rafferty Asset Management LLC increased its stake in shares of Microchip Technology by 41.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,203,762 shares of the semiconductor company’s stock valued at $436,559,000 after buying an additional 1,803,945 shares during the period. 91.51% of the stock is owned by institutional investors.

Insider Transactions at Microchip Technology

In other news, CEO Steve Sanghi sold 98,814 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 9,922,319 shares of the company’s stock, valued at $799,242,795.45. The trade was a 0.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MCHP shares. Susquehanna boosted their target price on Microchip Technology from $75.00 to $90.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Wall Street Zen upgraded Microchip Technology from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. Morgan Stanley boosted their price objective on Microchip Technology from $68.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. KeyCorp restated an “overweight” rating and set a $85.00 target price on shares of Microchip Technology in a research report on Friday, February 6th. Finally, BNP Paribas Exane raised shares of Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Thursday, January 22nd. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Microchip Technology currently has an average rating of “Moderate Buy” and an average target price of $86.00.

Microchip Technology Price Performance

Shares of Microchip Technology stock opened at $65.60 on Monday. The business has a fifty day simple moving average of $71.24 and a 200 day simple moving average of $66.55. The stock has a market cap of $35.50 billion, a PE ratio of -226.21, a price-to-earnings-growth ratio of 0.91 and a beta of 1.49. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $83.35.

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. Research analysts predict that Microchip Technology Incorporated will post 1.03 EPS 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 issued a dividend of $0.455 per share. The ex-dividend date was Monday, February 23rd. This represents a $1.82 dividend on an annualized basis and a yield of 2.8%. Microchip Technology’s payout ratio is currently -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.