Mitsubishi UFJ Asset Management Co. Ltd. Buys 49,680 Shares of Microchip Technology Incorporated $MCHP

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 4.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,118,419 shares of the semiconductor company’s stock after buying an additional 49,680 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Microchip Technology were worth $71,825,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Microchip Technology in the 2nd quarter worth approximately $473,320,000. Dodge & Cox raised its position in shares of Microchip Technology by 958.4% in the second quarter. Dodge & Cox now owns 6,339,800 shares of the semiconductor company’s stock valued at $446,132,000 after purchasing an additional 5,740,827 shares during the period. Boston Partners lifted its stake in shares of Microchip Technology by 38.2% in the second quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock worth $1,041,868,000 after buying an additional 4,101,034 shares during the last quarter. State Street Corp lifted its stake in shares of Microchip Technology by 8.5% in the second quarter. State Street Corp now owns 31,888,814 shares of the semiconductor company’s stock worth $2,244,016,000 after buying an additional 2,489,258 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings 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 worth $151,589,000 after buying an additional 1,838,300 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

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 shares were sold at an average price of $80.55, for a total value of $7,959,467.70. Following the completion of the transaction, the chief executive officer 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.94% of the stock is owned by company insiders.

Microchip Technology Trading Down 0.4%

Shares of MCHP opened at $74.64 on Friday. The stock’s 50-day moving average price is $73.81 and its 200 day moving average price is $66.57. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $40.39 billion, a price-to-earnings ratio of -257.38, a P/E/G ratio of 1.89 and a beta of 1.46. Microchip Technology Incorporated has a 12-month low of $34.13 and a 12-month high of $83.35.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the company earned $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, research analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be paid a dividend of $0.455 per share. The ex-dividend date is Monday, February 23rd. This represents a $1.82 dividend on an annualized basis and a yield of 2.4%. Microchip Technology’s payout ratio is currently -627.59%.

Analyst Ratings Changes

MCHP has been the subject of a number of research analyst reports. Needham & Company LLC boosted their target price on shares of Microchip Technology from $77.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Zacks Research cut Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their target price on Microchip Technology from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Morgan Stanley lifted their price target on Microchip Technology from $68.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Finally, Bank of America upgraded Microchip Technology from a “neutral” rating to a “buy” rating and set a $95.00 price target for the company in a report on Wednesday, January 28th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $86.00.

Microchip Technology 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.