Jain Global LLC Buys 10,131 Shares of Microchip Technology Incorporated $MCHP

Jain Global LLC increased its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 12.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,903 shares of the semiconductor company’s stock after buying an additional 10,131 shares during the quarter. Jain Global LLC’s holdings in Microchip Technology were worth $6,095,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC lifted its position in Microchip Technology by 51.3% during the first quarter. AQR Capital Management LLC now owns 17,201 shares of the semiconductor company’s stock valued at $827,000 after buying an additional 5,835 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Microchip Technology by 101.8% during the first quarter. Geneos Wealth Management Inc. now owns 1,221 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 616 shares during the last quarter. Candriam S.C.A. purchased a new position in shares of Microchip Technology in the 2nd quarter worth $1,458,000. Empower Advisory Group LLC bought a new stake in shares of Microchip Technology during the 2nd quarter valued at about $242,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Microchip Technology by 7.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 131,903 shares of the semiconductor company’s stock valued at $9,282,000 after buying an additional 8,911 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Microchip Technology Stock Performance

Shares of MCHP stock opened at $63.83 on Tuesday. The business’s 50 day moving average is $74.14 and its two-hundred day moving average is $66.60. Microchip Technology Incorporated has a 12-month low of $34.13 and a 12-month high of $83.35. The company has a market capitalization of $34.54 billion, a P/E ratio of -220.10, a P/E/G ratio of 1.56 and a beta of 1.45. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The business’s revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were issued a dividend of $0.455 per share. The ex-dividend date was Monday, February 23rd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.9%. Microchip Technology’s dividend payout ratio (DPR) is currently -627.59%.

Wall Street Analysts Forecast Growth

MCHP has been the subject of several analyst reports. Cantor Fitzgerald increased their target price on shares of Microchip Technology from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. KeyCorp reiterated an “overweight” rating and set a $85.00 target price on shares of Microchip Technology in a research report on Friday, February 6th. Wall Street Zen upgraded Microchip Technology from a “hold” rating to a “buy” rating in a research report on Sunday. Argus upgraded shares of Microchip Technology to a “strong-buy” rating in a report on Monday, February 9th. Finally, Susquehanna upped their price objective on shares of Microchip Technology from $75.00 to $90.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

Insider Transactions at Microchip Technology

In other news, CEO Steve Sanghi sold 98,814 shares of the stock in a transaction on Wednesday, January 28th. The stock was 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 in the company, valued at approximately $799,242,795.45. This represents a 0.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.94% of the stock is currently owned by company insiders.

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.