Leeward Investments LLC MA Grows Holdings in Microchip Technology Incorporated $MCHP

Leeward Investments LLC MA increased its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 68.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 232,160 shares of the semiconductor company’s stock after purchasing an additional 94,324 shares during the quarter. Leeward Investments LLC MA’s holdings in Microchip Technology were worth $14,793,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MCHP. Bank Julius Baer & Co. Ltd Zurich boosted its stake in Microchip Technology by 391.9% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 35,406 shares of the semiconductor company’s stock valued at $2,283,000 after acquiring an additional 28,208 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in Microchip Technology by 197.7% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,539 shares of the semiconductor company’s stock valued at $98,000 after acquiring an additional 1,022 shares during the last quarter. Allworth Financial LP boosted its stake in Microchip Technology by 2.2% in the fourth quarter. Allworth Financial LP now owns 8,234 shares of the semiconductor company’s stock valued at $525,000 after acquiring an additional 176 shares during the last quarter. Muhlenkamp & Co. Inc. boosted its stake in Microchip Technology by 0.6% in the fourth quarter. Muhlenkamp & Co. Inc. now owns 202,985 shares of the semiconductor company’s stock valued at $12,934,000 after acquiring an additional 1,232 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in Microchip Technology by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 61,886 shares of the semiconductor company’s stock valued at $3,943,000 after acquiring an additional 200 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Microchip Technology

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

• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating on Microchip Technology and kept a $125 price target, signaling meaningful upside from current levels. Microchip Technology’s (MCHP) Overweight Rating Reaffirmed at Cantor Fitzgerald
• Positive Sentiment: Zacks Research upgraded Microchip Technology from Hold to Strong-Buy, adding to investor optimism around the stock. Microchip Technology was upgraded by Zacks Research from hold to strong-buy
• Positive Sentiment: Microchip announced the EX-423 Evacuated Miniature Crystal Oscillator (EMXO), a low-power, high-stability timing product aimed at mission-critical markets such as GPS/GNSS, military radios, medical devices, seismic systems, and satellite communications. The launch supports the company’s positioning in high-reliability applications. New EX-423 Evacuated Miniature Crystal Oscillator for Critical Timing in Low- and Battery-Powered Applications
• Neutral Sentiment: Another report highlighted Microchip’s recent outperformance context and noted that the stock has also been under pressure relative to some peers at times, suggesting mixed short-term trading rather than a clear change in fundamentals. Microchip Technology Inc. stock underperforms Wednesday when compared to competitors
• Neutral Sentiment: One article focused on Microchip’s long-term shareholder returns, which is informational but unlikely to move the stock on its own. Here’s How Much You’d Have If You Invested $1000 in Microchip Technology a Decade Ago
• Negative Sentiment: Despite the positive news flow, a report noted that MCHP underperformed competitors in recent trading, which may temper enthusiasm around near-term momentum. Microchip Technology Inc. stock underperforms Wednesday when compared to competitors

Microchip Technology Stock Performance

Shares of MCHP stock opened at $97.04 on Friday. The stock has a market capitalization of $52.51 billion, a P/E ratio of 462.12, a PEG ratio of 1.19 and a beta of 1.75. The company has a current ratio of 2.09, a quick ratio of 1.18 and a debt-to-equity ratio of 0.85. The firm’s 50 day moving average is $75.64 and its 200 day moving average is $70.34. Microchip Technology Incorporated has a 12 month low of $48.52 and a 12 month high of $105.91.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results 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 company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Microchip Technology had a net margin of 4.88% and a return on equity of 10.87%. Microchip Technology’s revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 EPS. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. On average, sell-side analysts anticipate that Microchip Technology Incorporated will post 2.21 earnings per share for the current year.

Microchip Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, May 22nd. Microchip Technology’s dividend payout ratio is 866.67%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MCHP shares. Wall Street Zen upgraded shares of Microchip Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Piper Sandler boosted their target price on shares of Microchip Technology from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. BNP Paribas Exane raised shares of Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 price target on the stock in a research report on Thursday, January 22nd. UBS Group upped their price target on shares of Microchip Technology from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Needham & Company LLC upped their price target on shares of Microchip Technology from $84.00 to $120.00 and gave the company 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 assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $97.52.

Insiders Place Their Bets

In related news, CEO Steve Sanghi sold 76,469 shares of the company’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 sale, the chief executive officer owned 9,385,834 shares of the company’s stock, valued at approximately $878,326,345.72. This represents a 0.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 526,552 shares of company stock worth $47,130,465. 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.