44,200 Microchip Technology Incorporated $MCHP Shares Sold by E. Ohman J or Asset Management AB

Key Points

• E. Ohman J or Asset Management AB reduced its Microchip Technology stake by 13.3%, selling 44,200 shares and retaining 288,167 shares worth approximately $22.4 million. Institutional investors own 91.51% of the company.
• Microchip reported quarterly EPS of $0.76, beating estimates of $0.70, while revenue rose 38% year over year to $1.48 billion. The company provided Q2 2027 EPS guidance of $0.91–$0.95.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $97.71, compared with the stock’s recent price of $74.52. Microchip also pays a quarterly dividend of $0.455 per share, yielding about 2.4%.

E. Ohman J or Asset Management AB lessened its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 13.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 288,167 shares of the semiconductor company's stock after selling 44,200 shares during the quarter. E. Ohman J or Asset Management AB owned about 0.05% of Microchip Technology worth $22,411,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MCHP. Resonant Capital Advisors LLC lifted its position in Microchip Technology by 0.9% during the first quarter. Resonant Capital Advisors LLC now owns 12,542 shares of the semiconductor company's stock worth $810,000 after purchasing an additional 118 shares during the period. Apella Capital LLC grew its position in Microchip Technology by 4.8% in the second quarter. Apella Capital LLC now owns 2,669 shares of the semiconductor company's stock valued at $225,000 after acquiring an additional 122 shares during the last quarter. Bridgewater Advisors Inc. lifted its holdings in shares of Microchip Technology by 4.2% in the second quarter. Bridgewater Advisors Inc. now owns 3,331 shares of the semiconductor company's stock worth $304,000 after acquiring an additional 133 shares during the last quarter. Total Wealth Planning & Management Inc. boosted its position in Microchip Technology by 3.5% in the second quarter. Total Wealth Planning & Management Inc. now owns 4,225 shares of the semiconductor company's stock valued at $385,000 after buying an additional 141 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc grew its stake in shares of Microchip Technology by 2.0% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 7,513 shares of the semiconductor company's stock worth $685,000 after buying an additional 144 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Microchip Technology Stock Performance

Shares of MCHP stock opened at $74.52 on Friday. Microchip Technology Incorporated has a one year low of $48.52 and a one year high of $105.91. The company has a market cap of $40.47 billion, a P/E ratio of 111.23, a P/E/G ratio of 0.53 and a beta of 1.77. The firm has a 50-day moving average of $75.19 and a 200-day moving average of $82.88. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.92 and a quick ratio of 1.11.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last released its earnings results on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.06. Microchip Technology had a return on equity of 14.97% and a net margin of 9.34%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the company posted $0.27 earnings per share. Microchip Technology's quarterly revenue was up 38.0% on a year-over-year basis. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. Equities research analysts forecast that Microchip Technology Incorporated will post 3.20 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 24th were given a dividend of $0.4550 per share. This represents a $1.82 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, August 24th. Microchip Technology's payout ratio is presently 271.64%.

Insiders Place Their Bets

In related news, CFO James Bjornholt sold 4,112 shares of the company's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $75.32, for a total value of $309,715.84. Following the completion of the transaction, the chief financial officer directly owned 28,573 shares in the company, valued at approximately $2,152,118.36. The trade was a 12.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.79% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MCHP shares. Zacks Research lowered Microchip Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 17th. Citigroup lowered their target price on Microchip Technology from $113.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, August 7th. UBS Group reissued a "buy" rating and issued a $120.00 price target (down from $130.00) on shares of Microchip Technology in a research note on Friday, August 7th. Wells Fargo & Company lowered their price target on shares of Microchip Technology from $88.00 to $80.00 and set an "equal weight" rating for the company in a report on Tuesday. Finally, Cantor Fitzgerald restated an "overweight" rating on shares of Microchip Technology in a report on Wednesday, September 9th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Microchip Technology currently has a consensus rating of "Moderate Buy" and a consensus price target of $97.71.

Microchip Technology Profile

Microchip Technology Incorporated NASDAQ: MCHP develops and manufactures semiconductor products used in embedded control and connected electronic systems. Its portfolio includes microcontrollers, microprocessors, analog and power-management devices, memory products, timing and connectivity components, security solutions, and field-programmable gate arrays. The company also provides development tools, software, evaluation kits, and technical support to help customers design and produce electronic equipment.

Microchip's products are used across a range of markets, including automotive, industrial, aerospace and defense, communications, consumer electronics, data centers, and medical applications.

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