6,295 Shares in Microchip Technology Incorporated $MCHP Bought by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise bought a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,295 shares of the semiconductor company’s stock, valued at approximately $407,000.

A number of other large investors have also bought and sold shares of the company. Miller Capital Partners Inc. purchased a new position in shares of Microchip Technology in the fourth quarter worth about $29,000. EFG International AG bought a new stake in shares of Microchip Technology in the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Microchip Technology by 4,663.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 524 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 513 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Microchip Technology during the 4th quarter valued at approximately $33,000. Finally, Reflection Asset Management bought a new position in Microchip Technology in the 4th quarter worth approximately $33,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MCHP. Citigroup lifted their price objective on shares of Microchip Technology from $91.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Needham & Company LLC increased their target price on Microchip Technology from $84.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Barclays raised their price target on Microchip Technology from $80.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $125.00 price target on shares of Microchip Technology in a research report on Wednesday, May 13th. Finally, UBS Group reiterated a “buy” rating on shares of Microchip Technology in a research note on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.18.

Insiders Place Their Bets

In related news, Director Matthew W. Chapman sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $97.52, for a total value of $292,560.00. Following the transaction, the director directly owned 17,665 shares in the company, valued at approximately $1,722,690.80. This represents a 14.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steve Sanghi sold 76,469 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $93.58, for a total transaction of $7,155,969.02. Following the completion of the sale, the chief executive officer directly owned 9,385,834 shares in the company, valued at $878,326,345.72. This represents a 0.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 553,302 shares of company stock worth $49,673,635. Insiders own 1.94% of the company’s stock.

Microchip Technology Stock Performance

Microchip Technology stock opened at $87.93 on Monday. The stock has a market cap of $47.67 billion, a P/E ratio of 418.73, a PEG ratio of 0.90 and a beta of 1.73. Microchip Technology Incorporated has a fifty-two week low of $48.52 and a fifty-two week high of $105.91. The firm’s fifty day moving average price is $93.01 and its 200-day moving average price is $78.45. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.18 and a current ratio of 2.09.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the company earned $0.11 earnings per share. The firm’s quarterly 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. Equities research analysts forecast that Microchip Technology Incorporated will post 2.66 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, May 22nd. Microchip Technology’s dividend payout ratio (DPR) is 866.67%.

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.