Mizuho Markets Cayman LP Sells 1,504,609 Shares of Microchip Technology Incorporated $MCHP

Mizuho Markets Cayman LP decreased its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 98.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,230 shares of the semiconductor company’s stock after selling 1,504,609 shares during the period. Mizuho Markets Cayman LP’s holdings in Microchip Technology were worth $1,556,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MCHP. Florida Trust Wealth Management Co lifted its position in shares of Microchip Technology by 3.3% during the 3rd quarter. Florida Trust Wealth Management Co now owns 4,890 shares of the semiconductor company’s stock valued at $314,000 after buying an additional 157 shares during the last quarter. Clean Yield Group increased its holdings in Microchip Technology by 9.4% in the 3rd quarter. Clean Yield Group now owns 1,890 shares of the semiconductor company’s stock worth $121,000 after acquiring an additional 163 shares during the last quarter. Slagle Financial LLC raised its stake in Microchip Technology by 0.3% in the 3rd quarter. Slagle Financial LLC now owns 64,485 shares of the semiconductor company’s stock valued at $4,141,000 after acquiring an additional 168 shares during the period. Global Trust Asset Management LLC lifted its holdings in Microchip Technology by 2.4% during the third quarter. Global Trust Asset Management LLC now owns 7,263 shares of the semiconductor company’s stock valued at $466,000 after purchasing an additional 169 shares during the last quarter. Finally, Bollard Group LLC lifted its holdings in Microchip Technology by 5.8% during the second quarter. Bollard Group LLC now owns 3,178 shares of the semiconductor company’s stock valued at $224,000 after purchasing an additional 173 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MCHP. JPMorgan Chase & Co. lifted their target price on shares of Microchip Technology from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Argus upgraded shares of Microchip Technology to a “strong-buy” rating in a research note on Monday, February 9th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Microchip Technology in a report on Wednesday, February 4th. KeyCorp reiterated an “overweight” rating and issued a $85.00 price objective on shares of Microchip Technology in a research note on Friday, February 6th. Finally, Wells Fargo & Company boosted their target price on shares of Microchip Technology from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $86.00.

Microchip Technology Trading Up 3.1%

Shares of Microchip Technology stock opened at $63.83 on Tuesday. Microchip Technology Incorporated has a 12-month low of $34.13 and a 12-month high of $83.35. The company has a market cap of $34.54 billion, a price-to-earnings ratio of -220.10, a PEG ratio of 1.56 and a beta of 1.45. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82. The company’s 50-day moving average price is $74.14 and its 200-day moving average price is $66.60.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. Microchip Technology’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 earnings per share. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. On average, equities analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, February 23rd. Microchip Technology’s payout ratio is -627.59%.

Insider Buying and Selling at Microchip Technology

In related news, CEO Steve Sanghi sold 98,814 shares of the stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total value of $7,959,467.70. Following the sale, the chief executive officer owned 9,922,319 shares in the company, valued at approximately $799,242,795.45. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.94% of the company’s stock.

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.