Mizuho Markets Americas LLC Has $9.75 Million Stock Holdings in Microchip Technology Incorporated $MCHP

Mizuho Markets Americas LLC trimmed its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 44.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 150,838 shares of the semiconductor company’s stock after selling 118,292 shares during the period. Mizuho Markets Americas LLC’s holdings in Microchip Technology were worth $9,746,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. EFG International AG bought a new stake in Microchip Technology in the fourth quarter valued at about $29,000. Miller Capital Partners Inc. acquired a new position in Microchip Technology in the fourth quarter worth about $29,000. Reflection Asset Management bought a new position in Microchip Technology during the fourth quarter worth about $33,000. Garton & Associates Financial Advisors LLC bought a new position in Microchip Technology during the fourth quarter worth about $33,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Microchip Technology by 4,663.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 524 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 513 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Microchip Technology Price Performance

Microchip Technology stock opened at $81.35 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.18 and a current ratio of 2.09. The firm has a market cap of $44.17 billion, a P/E ratio of 387.40, a P/E/G ratio of 0.85 and a beta of 1.74. The business’s fifty day moving average is $90.94 and its two-hundred day moving average is $81.10. Microchip Technology Incorporated has a 52 week low of $48.52 and a 52 week high of $105.91.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The firm’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same period last year, the company posted $0.11 earnings per share. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. Equities research analysts forecast that Microchip Technology Incorporated will post 2.7 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, May 22nd. Microchip Technology’s payout ratio is 866.67%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MCHP shares. Wall Street Zen upgraded Microchip Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Cantor Fitzgerald restated an “overweight” rating and set a $125.00 target price on shares of Microchip Technology in a research report on Wednesday, May 13th. Barclays boosted their price target on Microchip Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. upped their price target on Microchip Technology from $95.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, Rosenblatt Securities increased their price objective on Microchip Technology from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Four research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Microchip Technology currently has an average rating of “Moderate Buy” and an average price target of $99.76.

Insider Transactions at Microchip Technology

In related news, Director Matthew W. Chapman sold 3,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $97.52, for a total value of $292,560.00. Following the transaction, the director directly owned 17,665 shares in the company, valued at $1,722,690.80. This represents a 14.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Richard J. Simoncic sold 5,000 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $97.52, for a total value of $487,600.00. Following the completion of the transaction, the chief operating officer directly owned 130,508 shares in the company, valued at approximately $12,727,140.16. This trade represents a 3.69% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 136,721 shares of company stock worth $12,793,719. Insiders own 1.79% 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.