Microchip Technology Incorporated $MCHP Shares Purchased by Talos Eurisko Asset Management LP

Talos Eurisko Asset Management LP increased its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 289,600 shares of the semiconductor company’s stock after purchasing an additional 7,900 shares during the quarter. Microchip Technology accounts for 3.3% of Talos Eurisko Asset Management LP’s holdings, making the stock its 10th largest holding. Talos Eurisko Asset Management LP’s holdings in Microchip Technology were worth $18,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Silvant Capital Management LLC grew its stake in Microchip Technology by 14.1% during the 4th quarter. Silvant Capital Management LLC now owns 59,271 shares of the semiconductor company’s stock worth $3,777,000 after purchasing an additional 7,335 shares in the last quarter. Venture Visionary Partners LLC grew its stake in Microchip Technology by 73.5% during the 4th quarter. Venture Visionary Partners LLC now owns 17,508 shares of the semiconductor company’s stock worth $1,116,000 after purchasing an additional 7,415 shares in the last quarter. MML Investors Services LLC grew its stake in Microchip Technology by 4.2% during the 4th quarter. MML Investors Services LLC now owns 48,220 shares of the semiconductor company’s stock worth $3,073,000 after purchasing an additional 1,945 shares in the last quarter. Fieldview Capital Management LLC purchased a new stake in Microchip Technology during the 4th quarter worth about $1,196,000. Finally, Harber Asset Management LLC lifted its holdings in Microchip Technology by 9.9% during the 4th quarter. Harber Asset Management LLC now owns 100,082 shares of the semiconductor company’s stock worth $6,377,000 after buying an additional 8,992 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on MCHP. Citigroup boosted their target price on Microchip Technology from $91.00 to $113.00 and gave the company a “buy” rating in a report on Friday, May 8th. Needham & Company LLC upped their price objective on Microchip Technology from $84.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Wall Street Zen raised Microchip Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. UBS Group reaffirmed a “buy” rating on shares of Microchip Technology in a research note on Tuesday, June 2nd. Finally, Susquehanna upped their price objective on Microchip Technology from $95.00 to $120.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.18.

Microchip Technology Stock Performance

NASDAQ MCHP opened at $100.32 on Tuesday. 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 business’s 50 day moving average is $88.55 and its two-hundred day moving average is $76.12. Microchip Technology Incorporated has a 12-month low of $48.52 and a 12-month high of $105.91. The stock has a market capitalization of $54.38 billion, a price-to-earnings ratio of 477.74, a PEG ratio of 1.00 and a beta of 1.73.

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, topping the consensus estimate of $0.50 by $0.07. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the firm posted $0.11 EPS. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. Research analysts expect that Microchip Technology Incorporated will post 2.58 EPS for the current year.

Microchip Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a dividend of $0.455 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.82 annualized dividend and a yield of 1.8%. Microchip Technology’s payout ratio is presently 866.67%.

Insiders Place Their Bets

In related news, COO Richard J. Simoncic sold 5,000 shares of the company’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 $12,727,140.16. This represents a 3.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $95.48, for a total value of $954,800.00. Following the completion of the sale, the director owned 20,665 shares in the company, valued at approximately $1,973,094.20. This represents a 32.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 553,302 shares of company stock worth $49,673,635. Company insiders own 1.94% of the company’s stock.

Microchip Technology Company 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.