Jackson Square Capital LLC Makes New $995,000 Investment in Microchip Technology Incorporated $MCHP

Jackson Square Capital LLC purchased a new position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,799 shares of the semiconductor company’s stock, valued at approximately $995,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Microchip Technology during the second quarter worth about $537,423,000. Legal & General Group Plc purchased a new position in Microchip Technology during the 2nd quarter worth approximately $312,597,000. Van ECK Associates Corp raised its position in Microchip Technology by 18.3% during the 2nd quarter. Van ECK Associates Corp now owns 8,224,808 shares of the semiconductor company’s stock worth $750,102,000 after buying an additional 1,272,838 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Microchip Technology by 23.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,060,528 shares of the semiconductor company’s stock valued at $461,520,000 after acquiring an additional 962,362 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Microchip Technology by 52.8% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,601,121 shares of the semiconductor company’s stock valued at $168,058,000 after acquiring an additional 898,503 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Ratings Changes

MCHP has been the topic of several recent research reports. UBS Group reaffirmed a “buy” rating and issued a $120.00 price objective (down from $130.00) on shares of Microchip Technology in a report on Friday, August 7th. BMO Capital Markets started coverage on shares of Microchip Technology in a report on Friday, August 21st. They set an “outperform” rating and a $95.00 target price for the company. Rosenblatt Securities reissued a “buy” rating and set a $120.00 target price on shares of Microchip Technology in a report on Friday, August 7th. Truist Financial decreased their target price on shares of Microchip Technology from $105.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 7th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Microchip Technology in a report on Wednesday, September 9th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Microchip Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.67.

Insider Buying and Selling at Microchip Technology

In related news, CFO James Bjornholt sold 4,112 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $75.32, for a total value of $309,715.84. Following the completion of the transaction, the chief financial officer owned 28,573 shares of the company’s stock, valued at approximately $2,152,118.36. This represents a 12.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.79% of the stock is currently owned by corporate insiders.

Microchip Technology Stock Performance

Shares of NASDAQ MCHP traded up $0.44 during midday trading on Monday, reaching $74.29. 4,032,880 shares of the stock were exchanged, compared to its average volume of 10,104,864. The firm has a market cap of $40.34 billion, a price-to-earnings ratio of 110.92, a PEG ratio of 0.51 and a beta of 1.77. Microchip Technology Incorporated has a twelve month low of $48.52 and a twelve month high of $105.91. The firm has a 50-day simple moving average of $75.54 and a two-hundred day simple moving average of $82.59. 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 posted its earnings results on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.06. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Microchip Technology had a net margin of 9.34% and a return on equity of 14.97%. The business’s revenue was up 38.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 EPS. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. As a group, analysts anticipate that Microchip Technology Incorporated will post 3.20 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 24th were paid a $0.4550 dividend. This represents a $1.82 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, August 24th. Microchip Technology’s payout ratio is currently 271.64%.

Microchip Technology Company Profile

Microchip Technology Incorporated (NASDAQ:MCHP) develops and manufactures semiconductor products used in embedded control and connected electronic systems. Its portfolio includes microcontrollers, microprocessors, analog and power-management devices, memory products, timing and connectivity components, security solutions, and field-programmable gate arrays. The company also provides development tools, software, evaluation kits, and technical support to help customers design and produce electronic equipment.

Microchip’s products are used across a range of markets, including automotive, industrial, aerospace and defense, communications, consumer electronics, data centers, and medical applications.