Algert Global LLC Takes Position in Microchip Technology Incorporated $MCHP

Key Points

• Algert Global LLC acquired 67,404 shares of Microchip Technology worth approximately $6.15 million, while institutional investors collectively own 91.51% of the company.
• Microchip reported quarterly EPS of $0.76 and revenue of $1.48 billion, beating estimates and marking 38% year-over-year revenue growth. The company issued Q2 2027 EPS guidance of $0.91–$0.95.
• The company declared a quarterly dividend of $0.455 per share, equivalent to an annualized $1.82 payout and a 2.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $98.67.

Algert Global LLC bought a new stake in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 67,404 shares of the semiconductor company's stock, valued at approximately $6,147,000.

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC grew its position in Microchip Technology by 51.3% in the 1st quarter. AQR Capital Management LLC now owns 17,201 shares of the semiconductor company's stock valued at $827,000 after acquiring an additional 5,835 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Microchip Technology by 101.8% during the first quarter. Geneos Wealth Management Inc. now owns 1,221 shares of the semiconductor company's stock valued at $59,000 after purchasing an additional 616 shares during the period. Cresset Asset Management LLC grew its holdings in shares of Microchip Technology by 5.4% in the second quarter. Cresset Asset Management LLC now owns 11,433 shares of the semiconductor company's stock worth $805,000 after purchasing an additional 589 shares during the last quarter. AXA S.A. increased its stake in Microchip Technology by 21.3% in the 2nd quarter. AXA S.A. now owns 51,552 shares of the semiconductor company's stock worth $3,628,000 after buying an additional 9,043 shares during the period. Finally, Treasurer of the State of North Carolina lifted its holdings in Microchip Technology by 1.6% during the 2nd quarter. Treasurer of the State of North Carolina now owns 246,530 shares of the semiconductor company's stock valued at $17,348,000 after buying an additional 3,851 shares in the last quarter. Institutional investors own 91.51% of the company's stock.

Microchip Technology Price Performance

Shares of Microchip Technology stock opened at $74.05 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.92 and a debt-to-equity ratio of 0.83. The firm has a market cap of $40.21 billion, a PE ratio of 110.52, a P/E/G ratio of 0.51 and a beta of 1.76. The business has a 50-day moving average price of $82.92 and a 200 day moving average price of $81.43. Microchip Technology Incorporated has a twelve month low of $48.52 and a twelve month high of $105.91.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.06. Microchip Technology had a net margin of 9.34% and a return on equity of 14.97%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm earned $0.27 EPS. The company's revenue for the quarter was up 38.0% on a year-over-year basis. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. Sell-side analysts predict that Microchip Technology Incorporated will post 3.16 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th will be given a $0.455 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $1.82 dividend on an annualized basis and a yield of 2.5%. Microchip Technology's dividend payout ratio is presently 271.64%.

Insider Buying and Selling

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,112 shares of the business'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 owned 28,573 shares in the company, valued at $2,152,118.36. The trade was a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Richard J. Simoncic sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $97.52, for a total transaction of $487,600.00. Following the completion of the sale, the chief operating officer directly owned 130,508 shares in the company, valued at approximately $12,727,140.16. This represents a 3.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,949 shares of company stock valued at $864,493 in the last ninety days. 1.79% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MCHP. Wells Fargo & Company lowered their price objective on shares of Microchip Technology from $95.00 to $88.00 and set an "equal weight" rating for the company in a research report on Monday, July 20th. Barclays lifted their price target on shares of Microchip Technology from $80.00 to $105.00 and gave the company an "equal weight" rating in a research note on Monday, May 11th. Zacks Research downgraded Microchip Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 17th. Weiss Ratings raised shares of Microchip Technology from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Microchip Technology from $95.00 to $120.00 and gave the company an "overweight" rating in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Microchip Technology presently has an average rating of "Moderate Buy" and an average target price of $98.67.

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.

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