CenterBook Partners LP Has $4.39 Million Stock Holdings in Microchip Technology Incorporated $MCHP

CenterBook Partners LP increased its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 102.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 68,302 shares of the semiconductor company’s stock after buying an additional 34,594 shares during the period. CenterBook Partners LP’s holdings in Microchip Technology were worth $4,386,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

MCHP has been the topic of several research reports. Barclays began coverage on Microchip Technology in a report on Thursday, February 12th. They set an “equal weight” rating and a $80.00 price target on the stock. Wall Street Zen raised shares of Microchip Technology from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Needham & Company LLC increased their price objective on Microchip Technology from $77.00 to $84.00 and gave the company a “buy” rating in a report on Friday, February 6th. Rosenblatt Securities lifted their target price on Microchip Technology from $80.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, Mizuho increased their price target on Microchip Technology from $83.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Microchip Technology Stock Performance

NASDAQ:MCHP opened at $79.11 on Thursday. The company has a market capitalization of $42.81 billion, a price-to-earnings ratio of -272.79, a PEG ratio of 1.99 and a beta of 1.46. The business has a 50 day moving average of $72.40 and a 200 day moving average of $66.03. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.16 and a quick ratio of 1.16. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $83.35.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $0.20 earnings per share. The business’s revenue 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. On average, sell-side analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, February 23rd. Microchip Technology’s dividend payout ratio is -627.59%.

Insider Activity at Microchip Technology

In related news, CEO Steve Sanghi sold 98,814 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total value of $7,959,467.70. Following the sale, the chief executive officer directly owned 9,922,319 shares of the company’s stock, valued at $799,242,795.45. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total value of $216,273.88. Following the transaction, the chief financial officer directly owned 30,089 shares of the company’s stock, valued at $1,516,184.71. The trade was a 12.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 121,615 shares of company stock worth $9,641,654 in the last 90 days. 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.