Microchip Technology Incorporated $MCHP Shares Acquired by Korea Investment CORP

Korea Investment CORP boosted its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 14.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 270,872 shares of the semiconductor company’s stock after purchasing an additional 33,234 shares during the quarter. Korea Investment CORP owned approximately 0.05% of Microchip Technology worth $17,395,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MCHP. Norges Bank acquired a new position in Microchip Technology during the second quarter worth approximately $473,320,000. Dodge & Cox raised its stake in Microchip Technology by 958.4% during the second quarter. Dodge & Cox now owns 6,339,800 shares of the semiconductor company’s stock worth $446,132,000 after purchasing an additional 5,740,827 shares during the period. Boston Partners boosted its holdings in shares of Microchip Technology by 38.2% in the 2nd quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock valued at $1,041,868,000 after purchasing an additional 4,101,034 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 valued at $2,244,016,000 after buying an additional 2,489,258 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Microchip Technology by 582.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,154,164 shares of the semiconductor company’s stock valued at $151,589,000 after buying an additional 1,838,300 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Microchip Technology news, CEO Steve Sanghi sold 98,814 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer owned 9,922,319 shares in the company, valued at $799,242,795.45. The trade was a 0.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.94% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on MCHP shares. KeyCorp reaffirmed an “overweight” rating and issued a $85.00 target price on shares of Microchip Technology in a research report on Friday, February 6th. Barclays initiated coverage on Microchip Technology in a research report on Thursday, February 12th. They set an “equal weight” rating and a $80.00 price target for the company. Morgan Stanley raised their price objective on Microchip Technology from $68.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Stifel Nicolaus set a $90.00 price objective on Microchip Technology in a research note on Friday, February 6th. Finally, Zacks Research cut Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $86.00.

Microchip Technology Stock Performance

Microchip Technology stock opened at $65.33 on Wednesday. The firm has a market capitalization of $35.35 billion, a PE ratio of -225.28, a price-to-earnings-growth ratio of 1.64 and a beta of 1.45. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $83.35. The stock’s 50 day moving average price is $74.25 and its 200 day moving average price is $66.70. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.16 and a current ratio of 2.16.

Microchip Technology (NASDAQ:MCHP) last issued 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 negative net margin of 1.57% and a positive return on equity of 7.16%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company earned $0.20 earnings per share. Microchip Technology’s revenue for the quarter was up 15.6% on a year-over-year basis. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, sell-side 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. Investors of record on Monday, February 23rd were paid a dividend of $0.455 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.82 annualized dividend and a yield of 2.8%. Microchip Technology’s payout ratio is -627.59%.

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.