Daiwa Securities Group Inc. Sells 14,628 Shares of Microchip Technology Incorporated $MCHP

Daiwa Securities Group Inc. trimmed its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,444 shares of the semiconductor company’s stock after selling 14,628 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Microchip Technology were worth $9,204,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Millstone Evans Group LLC boosted its stake in Microchip Technology by 23.7% in the 4th quarter. Millstone Evans Group LLC now owns 742 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 142 shares during the period. Verdence Capital Advisors LLC boosted its stake in Microchip Technology by 2.2% in the 4th quarter. Verdence Capital Advisors LLC now owns 7,120 shares of the semiconductor company’s stock worth $454,000 after purchasing an additional 150 shares during the period. Fiduciary Family Office LLC boosted its stake in Microchip Technology by 4.4% in the 4th quarter. Fiduciary Family Office LLC now owns 3,567 shares of the semiconductor company’s stock worth $227,000 after purchasing an additional 151 shares during the period. Soltis Investment Advisors LLC boosted its stake in Microchip Technology by 0.7% in the 4th quarter. Soltis Investment Advisors LLC now owns 22,469 shares of the semiconductor company’s stock worth $1,432,000 after purchasing an additional 155 shares during the period. Finally, Bouchey Financial Group Ltd boosted its stake in Microchip Technology by 4.4% in the 4th quarter. Bouchey Financial Group Ltd now owns 3,771 shares of the semiconductor company’s stock worth $240,000 after purchasing an additional 159 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Microchip Technology Price Performance

NASDAQ:MCHP opened at $88.34 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.18 and a current ratio of 2.09. The stock’s 50-day simple moving average is $85.00 and its 200 day simple moving average is $74.17. The company has a market cap of $47.89 billion, a P/E ratio of 420.69, a P/E/G ratio of 0.93 and a beta of 1.73. Microchip Technology Incorporated has a 52-week low of $48.52 and a 52-week high of $105.91.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.26 billion. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.Microchip Technology’s quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. As a group, sell-side analysts forecast that Microchip Technology Incorporated will post 2.58 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, May 22nd. Microchip Technology’s dividend payout ratio is presently 866.67%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MCHP shares. Susquehanna upped their target price on shares of Microchip Technology from $95.00 to $120.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Weiss Ratings raised shares of Microchip Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 22nd. JPMorgan Chase & Co. boosted their price target 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. Cantor Fitzgerald restated an “overweight” rating and set a $125.00 price objective on shares of Microchip Technology in a research note on Wednesday, May 13th. Finally, Zacks Research upgraded Microchip Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Microchip Technology has an average rating of “Moderate Buy” and an average target price of $97.52.

Insider Activity

In other news, COO Richard J. Simoncic sold 5,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $93.44, for a total value of $467,200.00. Following the sale, the chief operating officer directly owned 135,508 shares of the company’s stock, valued at approximately $12,661,867.52. This represents a 3.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James Eric Bjornholt sold 3,667 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $90.87, for a total transaction of $333,220.29. Following the completion of the sale, the chief financial officer directly owned 28,573 shares in the company, valued at approximately $2,596,428.51. The trade was a 11.37% 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. Insiders sold a total of 548,302 shares of company stock valued at $49,186,035 in the last 90 days. 1.94% of the stock is owned by company insiders.

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.