Jupiter Topco LLC Makes New Investment in Microchip Technology Incorporated $MCHP

Jupiter Topco LLC acquired a new stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 59,692 shares of the semiconductor company’s stock, valued at approximately $5,442,000.

Several other large investors also recently modified their holdings of the stock. Continuum Advisory LLC acquired a new position in shares of Microchip Technology in the 2nd quarter worth approximately $30,000. Johnson Financial Group Inc. acquired a new stake in Microchip Technology in the 2nd quarter valued at $31,000. Rakuten Securities Inc. bought a new stake in Microchip Technology in the second quarter valued at $34,000. EFG International AG bought a new stake in Microchip Technology in the fourth quarter valued at $29,000. Finally, Miller Capital Partners Inc. acquired a new position in Microchip Technology during the fourth quarter worth $29,000. 91.51% of the stock is currently owned by institutional investors.

Microchip Technology Trading Up 0.7%

Shares of NASDAQ:MCHP opened at $73.45 on Tuesday. The firm has a market cap of $39.88 billion, a price-to-earnings ratio of 109.63, a PEG ratio of 0.51 and a beta of 1.76. Microchip Technology Incorporated has a 12 month low of $48.52 and a 12 month high of $105.91. The company’s fifty day simple moving average is $81.32 and its 200 day simple moving average is $81.39. The company has a quick ratio of 1.11, a current ratio of 1.92 and a debt-to-equity ratio of 0.83.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. Microchip Technology had a net margin of 9.34% and a return on equity of 14.97%. The company’s revenue for the quarter was up 38.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 EPS. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. As a group, research analysts forecast that Microchip Technology Incorporated will post 3.16 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th will be given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, August 24th. Microchip Technology’s dividend payout ratio is currently 271.64%.

Analyst Upgrades and Downgrades

MCHP has been the subject of several recent analyst reports. Truist Financial dropped their price objective on shares of Microchip Technology from $105.00 to $90.00 and set a “hold” rating for the company in a report on Friday, August 7th. Cantor Fitzgerald restated an “overweight” rating and set a $125.00 target price on shares of Microchip Technology in a research report on Monday, August 17th. Needham & Company LLC raised their price target on Microchip Technology from $84.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Zacks Research lowered shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Susquehanna upped their price objective on shares of Microchip Technology from $95.00 to $120.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $98.67.

Insider Transactions at Microchip Technology

In other Microchip Technology news, COO Richard J. Simoncic sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $97.52, for a total value of $487,600.00. Following the sale, the chief operating officer owned 130,508 shares in the company, valued at approximately $12,727,140.16. The trade was a 3.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO James Eric Bjornholt sold 4,112 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $75.32, for a total value of $309,715.84. Following the transaction, the chief financial officer directly owned 28,573 shares of the company’s stock, valued at approximately $2,152,118.36. This trade represents a 12.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 9,949 shares of company stock valued at $864,493. 1.79% of the stock is owned by corporate 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.