Fjarde AP Fonden Fourth Swedish National Pension Fund Has $8.08 Million Position in Microchip Technology Incorporated $MCHP

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 61.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,053 shares of the semiconductor company’s stock after acquiring an additional 47,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Microchip Technology were worth $8,080,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Elevation Point Wealth Partners LLC bought a new stake in shares of Microchip Technology in the 1st quarter valued at about $1,471,000. Keybank National Association OH grew its holdings in Microchip Technology by 161.9% during the first quarter. Keybank National Association OH now owns 13,460 shares of the semiconductor company’s stock worth $870,000 after purchasing an additional 8,321 shares during the period. Root Financial Partners LLC grew its holdings in Microchip Technology by 80.7% during the first quarter. Root Financial Partners LLC now owns 656 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 293 shares during the period. Essex Financial Services Inc. acquired a new position in Microchip Technology during the first quarter worth approximately $254,000. Finally, Deltec Asset Management LLC bought a new stake in Microchip Technology in the first quarter valued at approximately $678,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Microchip Technology Stock Performance

NASDAQ:MCHP opened at $84.64 on Monday. The stock has a market cap of $45.88 billion, a P/E ratio of 403.07, a PEG ratio of 0.87 and a beta of 1.74. The stock has a 50 day simple moving average of $93.79 and a 200 day simple moving average of $79.15. The company has a current ratio of 2.09, a quick ratio of 1.18 and a debt-to-equity ratio of 0.85. Microchip Technology Incorporated has a 1-year low of $48.52 and a 1-year high of $105.91.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The company’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. Research analysts anticipate that Microchip Technology Incorporated will post 2.66 earnings per share for the current year.

Microchip Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a $0.455 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.82 annualized dividend and a dividend yield of 2.2%. Microchip Technology’s dividend payout ratio is 866.67%.

Analysts Set New Price Targets

Several brokerages have recently commented on MCHP. Citigroup lifted their target price on Microchip Technology from $91.00 to $113.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Rosenblatt Securities raised their price target on Microchip Technology from $115.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 8th. JPMorgan Chase & Co. lifted their price objective on shares of Microchip Technology from $95.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. UBS Group reiterated a “buy” rating on shares of Microchip Technology in a report on Tuesday, June 2nd. Finally, Wall Street Zen raised shares of Microchip Technology from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Microchip Technology presently has an average rating of “Moderate Buy” and an average price target of $98.18.

Insider Buying and Selling at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 3,667 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $90.87, for a total value of $333,220.29. Following the completion of the sale, the chief financial officer owned 28,573 shares of the company’s stock, valued at $2,596,428.51. The trade was a 11.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew W. Chapman sold 10,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $95.48, for a total transaction of $954,800.00. Following the completion of the sale, the director directly owned 20,665 shares of the company’s stock, valued at $1,973,094.20. This represents a 32.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 553,302 shares of company stock valued at $49,673,635. 1.94% of the stock is currently owned by insiders.

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.