Telemark Asset Management LLC Acquires 100,000 Shares of Microchip Technology Incorporated $MCHP

Telemark Asset Management LLC grew its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 50.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 300,000 shares of the semiconductor company’s stock after purchasing an additional 100,000 shares during the period. Microchip Technology comprises 1.8% of Telemark Asset Management LLC’s holdings, making the stock its 23rd largest holding. Telemark Asset Management LLC owned 0.06% of Microchip Technology worth $19,266,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Winnow Wealth LLC acquired a new stake in Microchip Technology during the third quarter worth approximately $25,000. Root Financial Partners LLC bought a new stake in shares of Microchip Technology during the 3rd quarter valued at $28,000. Salomon & Ludwin LLC lifted its position in shares of Microchip Technology by 219.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 329 shares during the period. Quent Capital LLC acquired a new stake in shares of Microchip Technology during the 3rd quarter worth $32,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in shares of Microchip Technology by 106.8% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 267 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on MCHP. Piper Sandler increased their price objective on shares of Microchip Technology from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Wells Fargo & Company increased their price target on shares of Microchip Technology from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, February 6th. Mizuho lifted their price objective on shares of Microchip Technology from $83.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Stifel Nicolaus set a $90.00 price objective on shares of Microchip Technology in a research report on Friday, February 6th. Finally, Zacks Research raised Microchip Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Microchip Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

Microchip Technology Price Performance

MCHP stock opened at $77.73 on Friday. The stock has a market cap of $42.06 billion, a price-to-earnings ratio of -268.03, a P/E/G ratio of 1.95 and a beta of 1.46. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.16 and a quick ratio of 1.16. The company has a 50 day simple moving average of $72.77 and a 200 day simple moving average of $66.18. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year 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 for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Research analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be given a $0.455 dividend. The ex-dividend date is Monday, February 23rd. This represents a $1.82 annualized dividend and a yield of 2.3%. Microchip Technology’s dividend payout ratio (DPR) is currently -627.59%.

Insider Activity

In other news, CFO James Eric Bjornholt sold 4,292 shares of Microchip Technology stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total transaction of $216,273.88. Following the sale, the chief financial officer directly owned 30,089 shares of the company’s stock, valued at approximately $1,516,184.71. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the chief executive officer directly owned 9,922,319 shares of the company’s stock, valued at $799,242,795.45. This represents a 0.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 121,615 shares of company stock valued at $9,641,654 over the last quarter. Corporate insiders own 1.94% of the company’s stock.

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.