Microchip Technology Incorporated (NASDAQ:MCHP) Short Interest Update

Microchip Technology Incorporated (NASDAQ:MCHP) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 21,786,033 shares, a decline of 16.6% from the February 12th total of 26,111,901 shares. Currently, 4.1% of the company’s stock are sold short. Based on an average daily trading volume, of 6,796,487 shares, the short-interest ratio is presently 3.2 days. Based on an average daily trading volume, of 6,796,487 shares, the short-interest ratio is presently 3.2 days. Currently, 4.1% of the company’s stock are sold short.

Insider Activity at Microchip Technology

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MCHP. Union Savings Bank acquired a new position in Microchip Technology during the 4th quarter worth approximately $130,000. Bayban acquired a new position in shares of Microchip Technology during the fourth quarter worth $108,000. SHP Wealth Management purchased a new position in Microchip Technology in the fourth quarter valued at $63,000. Caitong International Asset Management Co. Ltd raised its stake in Microchip Technology by 6,863.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 766 shares of the semiconductor company’s stock valued at $49,000 after buying an additional 755 shares in the last quarter. Finally, Reflection Asset Management purchased a new stake in Microchip Technology during the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Microchip Technology Price Performance

MCHP stock traded up $2.67 during trading on Monday, hitting $64.61. The stock had a trading volume of 3,027,534 shares, compared to its average volume of 9,387,718. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.16 and a quick ratio of 1.16. Microchip Technology has a twelve month low of $34.13 and a twelve month high of $83.35. The stock has a market capitalization of $34.96 billion, a P/E ratio of -222.95, a PEG ratio of 1.56 and a beta of 1.45. The company’s 50-day moving average price is $74.21 and its two-hundred day moving average price is $66.61.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data 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 company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, research analysts predict that Microchip Technology will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd were given 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 dividend yield of 2.8%. Microchip Technology’s dividend payout ratio (DPR) is currently -627.59%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MCHP shares. Wall Street Zen raised Microchip Technology from a “hold” rating to a “buy” rating in a research report on Sunday. Morgan Stanley upped their price target on shares of Microchip Technology from $68.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. UBS Group boosted their price objective on shares of Microchip Technology from $85.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 26th. BNP Paribas Exane upgraded Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 price objective for the company in a research note on Thursday, January 22nd. Finally, Needham & Company LLC raised their target price on shares of Microchip Technology from $77.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Microchip Technology Company 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.