Quantitative Investment Management LLC Purchases New Holdings in Microchip Technology Incorporated $MCHP

Quantitative Investment Management LLC purchased a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 27,675 shares of the semiconductor company’s stock, valued at approximately $1,777,000.

Several other institutional investors have also recently made changes to their positions in MCHP. Winnow Wealth LLC bought a new stake in shares of Microchip Technology during the 3rd quarter worth approximately $25,000. Root Financial Partners LLC bought a new position in shares of Microchip Technology in the third quarter valued at $28,000. Salomon & Ludwin LLC grew its stake in shares of Microchip Technology by 219.3% in the third quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 329 shares in the last quarter. Quent Capital LLC acquired a new position in Microchip Technology during the third quarter worth $32,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in Microchip Technology by 106.8% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after buying an additional 267 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Microchip Technology Stock Down 4.7%

Microchip Technology stock opened at $62.73 on Friday. The company’s 50-day moving average price is $74.27 and its two-hundred day moving average price is $66.66. 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 stock has a market cap of $33.95 billion, a P/E ratio of -216.31, a P/E/G ratio of 1.66 and a beta of 1.45. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $83.35.

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, topping analysts’ consensus estimates of $0.43 by $0.01. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the company posted $0.20 earnings per share. The business’s revenue 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, analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current 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 $0.455 dividend. The ex-dividend date was Monday, February 23rd. This represents a $1.82 annualized dividend and a yield of 2.9%. Microchip Technology’s payout ratio is -627.59%.

Insider Buying and Selling

In other Microchip Technology 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 transaction, the chief executive officer owned 9,922,319 shares in the company, valued at $799,242,795.45. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.94% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on MCHP shares. Piper Sandler increased their price target on shares of Microchip Technology from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Susquehanna upped their price objective on Microchip Technology from $75.00 to $90.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Citigroup cut their price objective on Microchip Technology from $92.00 to $91.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Mizuho lifted their target price on Microchip Technology from $83.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Finally, Stifel Nicolaus set a $90.00 target price on Microchip Technology in a report on Friday, February 6th. Three equities research 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.00.

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.