Shaker Investments LLC OH Trims Position in Microchip Technology Incorporated $MCHP

Shaker Investments LLC OH decreased its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 22.0% during the 4th quarter, HoldingsChannel reports. The fund owned 48,299 shares of the semiconductor company’s stock after selling 13,628 shares during the quarter. Microchip Technology comprises approximately 1.3% of Shaker Investments LLC OH’s portfolio, making the stock its 25th biggest holding. Shaker Investments LLC OH’s holdings in Microchip Technology were worth $3,078,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Verdence Capital Advisors LLC increased its holdings in shares of Microchip Technology by 2.2% during the fourth quarter. Verdence Capital Advisors LLC now owns 7,120 shares of the semiconductor company’s stock worth $454,000 after buying an additional 150 shares in the last quarter. Florida Trust Wealth Management Co boosted its holdings in shares of Microchip Technology by 3.3% in the 3rd quarter. Florida Trust Wealth Management Co now owns 4,890 shares of the semiconductor company’s stock worth $314,000 after acquiring an additional 157 shares in the last quarter. Bouchey Financial Group Ltd grew its position in Microchip Technology by 4.4% during the 4th quarter. Bouchey Financial Group Ltd now owns 3,771 shares of the semiconductor company’s stock worth $240,000 after acquiring an additional 159 shares during the last quarter. Clean Yield Group increased its holdings in Microchip Technology by 9.4% during the 3rd quarter. Clean Yield Group now owns 1,890 shares of the semiconductor company’s stock valued at $121,000 after purchasing an additional 163 shares in the last quarter. Finally, Slagle Financial LLC raised its position 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 purchasing an additional 168 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Microchip Technology Stock Up 7.0%

NASDAQ MCHP opened at $90.17 on Thursday. The stock has a market capitalization of $48.79 billion, a P/E ratio of -310.93, a price-to-earnings-growth ratio of 1.16 and a beta of 1.49. Microchip Technology Incorporated has a 52 week low of $44.17 and a 52 week high of $92.24. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.16 and a current ratio of 2.16. The stock has a fifty day moving average of $71.50 and a 200-day moving average of $68.22.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The business 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 earnings per share. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. On average, equities research analysts forecast that Microchip Technology Incorporated will post 1.16 EPS for the current year.

Microchip Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were paid a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, February 23rd. Microchip Technology’s dividend payout ratio (DPR) is -627.59%.

Insider Activity at Microchip Technology

In other news, CEO Steve Sanghi sold 416,581 shares of Microchip Technology stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $88.53, for a total transaction of $36,879,915.93. Following the completion of the sale, the chief executive officer owned 9,495,805 shares in the company, valued at $840,663,616.65. The trade was a 4.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.94% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on MCHP shares. Wall Street Zen lowered Microchip Technology from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Citigroup cut their price target on Microchip Technology from $92.00 to $91.00 and set a “buy” rating for the company in a report on Friday, February 6th. JPMorgan Chase & Co. upped their price target on shares of Microchip Technology from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Needham & Company LLC increased their price objective 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. Finally, Wells Fargo & Company boosted their target price on shares of Microchip Technology from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. Three investment 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.00.

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.