Swiss Life Asset Management Ltd Decreases Stake in Microchip Technology Incorporated $MCHP

Swiss Life Asset Management Ltd lessened its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 2.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 499,629 shares of the semiconductor company’s stock after selling 12,976 shares during the quarter. Swiss Life Asset Management Ltd owned 0.09% of Microchip Technology worth $32,086,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Winnow Wealth LLC acquired a new stake in shares of Microchip Technology in the third quarter worth $25,000. Root Financial Partners LLC acquired a new position in shares of Microchip Technology during the 3rd quarter valued at $28,000. Salomon & Ludwin LLC lifted its holdings in shares of Microchip Technology by 219.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 329 shares in the last quarter. Quent Capital LLC purchased a new stake in Microchip Technology during the 3rd quarter worth $32,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in Microchip Technology by 106.8% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 267 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on MCHP. UBS Group raised their price objective on Microchip Technology from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Microchip Technology in a research report on Wednesday, February 4th. Needham & Company LLC increased their target price on Microchip Technology from $77.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Citigroup dropped their target price on Microchip Technology from $92.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Finally, Zacks Research lowered Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Insiders Place Their Bets

In other news, CEO Steve Sanghi sold 98,814 shares of the business’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total value of $7,959,467.70. Following the completion of the sale, the chief executive officer owned 9,922,319 shares of the company’s stock, valued at approximately $799,242,795.45. The trade was a 0.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.94% of the stock is currently owned by corporate insiders.

Microchip Technology Trading Up 0.2%

Shares of MCHP opened at $64.71 on Thursday. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $83.35. The stock has a 50-day moving average price of $73.75 and a 200 day moving average price of $66.58. 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 $35.02 billion, a P/E ratio of -223.14, a P/E/G ratio of 1.63 and a beta of 1.45.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the business earned $0.20 EPS. Microchip Technology’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 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd were paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, February 23rd. Microchip Technology’s dividend payout ratio is -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.