Generation Investment Management LLP Has $5.53 Million Stake in Microchip Technology Incorporated $MCHP

Generation Investment Management LLP trimmed its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 56.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,147 shares of the semiconductor company’s stock after selling 110,228 shares during the period. Generation Investment Management LLP’s holdings in Microchip Technology were worth $5,532,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of MCHP. Vanguard Group Inc. raised its position in Microchip Technology by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 72,075,558 shares of the semiconductor company’s stock valued at $4,628,692,000 after buying an additional 1,507,554 shares during the last quarter. State Street Corp grew its stake in shares of Microchip Technology by 8.5% during the 2nd quarter. State Street Corp now owns 31,888,814 shares of the semiconductor company’s stock worth $2,244,016,000 after acquiring an additional 2,489,258 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Microchip Technology by 10.4% in the second quarter. Invesco Ltd. now owns 18,452,546 shares of the semiconductor company’s stock valued at $1,298,506,000 after purchasing an additional 1,745,515 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Microchip Technology by 2.4% in the second quarter. Geode Capital Management LLC now owns 14,842,341 shares of the semiconductor company’s stock worth $1,040,544,000 after purchasing an additional 343,210 shares in the last quarter. Finally, Boston Partners lifted its position in shares of Microchip Technology by 38.2% in the second quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock worth $1,041,868,000 after purchasing an additional 4,101,034 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Microchip Technology news, CEO Steve Sanghi sold 98,814 shares of Microchip Technology stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the completion of the transaction, the chief executive officer directly owned 9,922,319 shares of the company’s stock, valued at $799,242,795.45. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.94% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MCHP has been the subject of a number of analyst reports. Cantor Fitzgerald raised their target price on shares of Microchip Technology from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. TD Cowen decreased their price objective on Microchip Technology from $65.00 to $60.00 and set a “hold” rating for the company in a report on Friday, November 7th. Susquehanna lifted their target price on Microchip Technology from $75.00 to $90.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Needham & Company LLC increased their price target on Microchip Technology from $77.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. raised their price target on Microchip Technology from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.00.

Microchip Technology Trading Down 1.5%

Shares of NASDAQ:MCHP opened at $76.60 on Tuesday. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $83.35. 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 company has a market capitalization of $41.45 billion, a P/E ratio of -264.14, a price-to-earnings-growth ratio of 1.96 and a beta of 1.46. The company has a 50-day simple moving average of $72.96 and a 200 day simple moving average of $66.26.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data 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. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the company earned $0.20 earnings per share. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Sell-side analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be issued a dividend of $0.455 per share. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $1.82 annualized dividend and a yield of 2.4%. Microchip Technology’s dividend payout ratio (DPR) is currently -627.59%.

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.