Microchip Technology Incorporated $MCHP Shares Sold by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd lowered its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 41.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 294,121 shares of the semiconductor company’s stock after selling 205,508 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Microchip Technology were worth $18,741,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Winnow Wealth LLC acquired a new stake in Microchip Technology during the third quarter worth approximately $25,000. Root Financial Partners LLC acquired a new stake in Microchip Technology during the third quarter worth approximately $28,000. Quent Capital LLC acquired a new stake in Microchip Technology during the third quarter worth approximately $32,000. GoalVest Advisory LLC boosted its position in Microchip Technology by 174.0% during the fourth quarter. GoalVest Advisory LLC now owns 548 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 348 shares during the last quarter. Finally, Board of the Pension Protection Fund acquired a new position in shares of Microchip Technology in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Trending Headlines about Microchip Technology

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: KeyBanc raised its price target on Microchip Technology to $135 from $85 and kept an Overweight rating, citing strong fiscal Q4 results and Q1 guidance. KeyBanc Raises its Price Target on Microchip Technology (MCHP) to $135
• Positive Sentiment: Barclays raised its price target to $105 from $80, implying additional upside, though it maintained an Equal Weight rating.
• Positive Sentiment: Several other firms also lifted targets, including JPMorgan, Truist, Citigroup, and Wells Fargo, reinforcing a broadly bullish analyst tone around MCHP.
• Positive Sentiment: Recent commentary highlighted Microchip’s earnings beat, upbeat guidance, and renewed momentum, which have helped reset expectations and support the stock’s move higher.
• Neutral Sentiment: Short interest data showed 0 shares reported as short interest as of May 11, which does not currently indicate meaningful bearish positioning.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Stifel Nicolaus set a $90.00 price target on shares of Microchip Technology in a report on Friday, February 6th. KeyCorp reiterated an “overweight” rating and issued a $85.00 price target on shares of Microchip Technology in a report on Friday, February 6th. Bank of America upgraded shares of Microchip Technology from a “neutral” rating to a “buy” rating and set a $95.00 price target on the stock in a report on Wednesday, January 28th. Rosenblatt Securities lifted their price target on shares of Microchip Technology from $115.00 to $120.00 and gave the company a “buy” rating in a report on Friday. Finally, Weiss Ratings lowered shares of Microchip Technology from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $96.43.

Insider Buying and Selling at Microchip Technology

In other news, CEO Steve Sanghi sold 76,469 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $93.58, for a total value of $7,155,969.02. Following the completion of the sale, the chief executive officer owned 9,385,834 shares of the company’s stock, valued at approximately $878,326,345.72. The trade was a 0.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 526,552 shares of company stock valued at $47,130,465. 1.94% of the stock is currently owned by insiders.

Microchip Technology Price Performance

MCHP opened at $99.03 on Tuesday. The company has a 50-day moving average of $74.22 and a 200-day moving average of $69.65. The company has a market capitalization of $53.59 billion, a P/E ratio of 471.59, a PEG ratio of 1.32 and a beta of 1.75. Microchip Technology Incorporated has a 1-year low of $48.52 and a 1-year high of $105.91. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.18 and a current ratio of 2.09.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.07. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. Microchip Technology had a net margin of 4.88% and a return on equity of 10.87%. The company’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. Equities analysts expect that Microchip Technology Incorporated will post 2.14 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a $0.455 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.82 annualized dividend and a dividend yield of 1.8%. Microchip Technology’s payout ratio is presently 866.67%.

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.