Epoch Investment Partners Inc. Makes New $43.60 Million Investment in Microchip Technology Incorporated $MCHP

Key Points

• Epoch Investment Partners Inc. purchased 900,547 shares of Microchip Technology, valued at approximately $43.6 million, indicating significant institutional interest in the semiconductor company.
• Several major hedge funds increased their stakes in Microchip Technology during the first quarter, with Vanguard Group owning over $3.35 billion worth of shares and Goldman Sachs raising its stake by 138.9%.
• Microchip Technology announced a quarterly dividend of $0.455 per share, with an annualized dividend yield of 2.7%, highlighting a commitment to returning value to shareholders despite a negative net margin.

Epoch Investment Partners Inc. acquired a new position in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 900,547 shares of the semiconductor company's stock, valued at approximately $43,595,000. Epoch Investment Partners Inc. owned approximately 0.17% of Microchip Technology as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. MGO One Seven LLC raised its holdings in shares of Microchip Technology by 23.0% during the fourth quarter. MGO One Seven LLC now owns 4,420 shares of the semiconductor company's stock valued at $253,000 after purchasing an additional 827 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Microchip Technology by 0.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 332,429 shares of the semiconductor company's stock worth $19,065,000 after purchasing an additional 3,030 shares during the period. Northern Trust Corp raised its stake in Microchip Technology by 4.7% during the 4th quarter. Northern Trust Corp now owns 6,958,502 shares of the semiconductor company's stock valued at $399,070,000 after buying an additional 311,796 shares during the last quarter. Lido Advisors LLC raised its stake in Microchip Technology by 5.5% during the 4th quarter. Lido Advisors LLC now owns 50,030 shares of the semiconductor company's stock valued at $2,869,000 after buying an additional 2,613 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in shares of Microchip Technology by 2,089.7% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 209,733 shares of the semiconductor company's stock valued at $12,028,000 after buying an additional 200,155 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

Microchip Technology Stock Performance

Shares of NASDAQ MCHP traded down $0.25 during trading on Monday, hitting $65.00. The company had a trading volume of 9,209,632 shares, compared to its average volume of 9,431,667. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $82.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. The firm has a market capitalization of $35.08 billion, a P/E ratio of -191.18, a price-to-earnings-growth ratio of 1.88 and a beta of 1.56. The stock has a 50 day simple moving average of $69.42 and a 200 day simple moving average of $59.32.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last released its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the firm posted $0.53 EPS. The firm's quarterly revenue was down 13.3% compared to the same quarter last year. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be paid a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 22nd. Microchip Technology's dividend payout ratio (DPR) is -535.29%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wall Street Zen raised Microchip Technology from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Mizuho raised their target price on Microchip Technology from $78.00 to $85.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. TD Cowen reduced their price target on shares of Microchip Technology from $75.00 to $60.00 and set a "hold" rating for the company in a research report on Friday, August 8th. Citigroup increased their price objective on shares of Microchip Technology from $68.00 to $90.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Finally, Susquehanna raised their price objective on shares of Microchip Technology from $60.00 to $90.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $76.58.

Insider Buying and Selling

In related news, CFO James Eric Bjornholt sold 7,356 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.72, for a total value of $505,504.32. Following the transaction, the chief financial officer directly owned 30,010 shares of the company's stock, valued at approximately $2,062,287.20. The trade was a 19.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.25, for a total transaction of $682,500.00. Following the sale, the director directly owned 30,665 shares of the company's stock, valued at approximately $2,092,886.25. This trade represents a 24.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

Microchip Technology Profile

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.