Allstate Corp Boosts Stock Position in Microchip Technology Incorporated $MCHP

Allstate Corp boosted its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 101.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,620 shares of the semiconductor company’s stock after buying an additional 19,910 shares during the period. Allstate Corp’s holdings in Microchip Technology were worth $2,525,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MSH Capital Advisors LLC lifted its holdings in shares of Microchip Technology by 4.5% during the fourth quarter. MSH Capital Advisors LLC now owns 3,940 shares of the semiconductor company’s stock valued at $251,000 after purchasing an additional 170 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Microchip Technology by 78.3% during the fourth quarter. Fisher Asset Management LLC now owns 9,254 shares of the semiconductor company’s stock valued at $590,000 after purchasing an additional 4,065 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in shares of Microchip Technology by 36.1% during the fourth quarter. Clearstead Advisors LLC now owns 3,754 shares of the semiconductor company’s stock valued at $239,000 after purchasing an additional 995 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Microchip Technology by 6.9% during the fourth quarter. Hantz Financial Services Inc. now owns 9,134 shares of the semiconductor company’s stock valued at $582,000 after purchasing an additional 589 shares during the last quarter. Finally, Kuhn & Co Investment Counsel lifted its holdings in shares of Microchip Technology by 4.9% during the fourth quarter. Kuhn & Co Investment Counsel now owns 5,157 shares of the semiconductor company’s stock valued at $329,000 after purchasing an additional 241 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 related news, COO Richard J. Simoncic sold 5,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $93.44, for a total value of $467,200.00. Following the completion of the sale, the chief operating officer directly owned 135,508 shares of the company’s stock, valued at approximately $12,661,867.52. This represents a 3.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $95.48, for a total transaction of $954,800.00. Following the sale, the director owned 20,665 shares in the company, valued at approximately $1,973,094.20. The trade was a 32.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 545,302 shares of company stock valued at $48,893,475. Insiders own 1.94% of the company’s stock.

Microchip Technology Stock Performance

MCHP stock opened at $96.85 on Thursday. The company has a market cap of $52.50 billion, a P/E ratio of 461.21, a price-to-earnings-growth ratio of 1.03 and a beta of 1.75. Microchip Technology Incorporated has a 1 year low of $48.52 and a 1 year high of $105.91. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.09 and a quick ratio of 1.18. The stock’s fifty day moving average price is $80.81 and its 200-day moving average price is $72.37.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the business posted $0.11 EPS. Microchip Technology’s revenue was up 35.1% on a year-over-year basis. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. On average, equities analysts forecast that Microchip Technology Incorporated will post 2.58 earnings per share for the current year.

Microchip Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be paid a $0.455 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.82 annualized dividend and a dividend yield of 1.9%. Microchip Technology’s dividend payout ratio (DPR) is 866.67%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MCHP shares. Wells Fargo & Company lifted their target price on shares of Microchip Technology from $75.00 to $95.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Barclays raised their price target on shares of Microchip Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Stifel Nicolaus set a $90.00 price target on shares of Microchip Technology in a research report on Friday, February 6th. Rosenblatt Securities raised their price target on shares of Microchip Technology from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Needham & Company LLC raised their price target on Microchip Technology from $84.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Microchip Technology currently has a consensus rating of “Moderate Buy” and an average price target of $97.52.

Key Headlines Impacting Microchip Technology

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Microchip is being highlighted as a beneficiary of the AI and data-center buildout, with commentary pointing to strong customer engagement and improving operating leverage after its recent quarterly report. Microchip Technology Incorporated (MCHP) Capitalizes on Data Center and AI Boom
• Positive Sentiment: The company launched 3.3 kV HV-D3 mSiC power modules aimed at AI hyperscale data centers, a move that could strengthen its position in high-growth power infrastructure for AI. AI Chips Today – Transforming Power: Microchip’s Silicon Carbide Modules Revolutionize Efficiency
• Positive Sentiment: Technical traders are viewing MCHP favorably after the stock moved above its 20-day moving average, which is often seen as a short-term bullish signal. Microchip Technology (MCHP) Recently Broke Out Above the 20-Day Moving Average
• Positive Sentiment: Analyst sentiment remains constructive after the May 7 earnings beat, with multiple firms lifting price targets and the stock now viewed as a possible beneficiary of renewed semiconductor demand. Micron Hits a $1 Trillion Valuation: What’s Next?

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.