APG Asset Management N.V. Has $13.88 Million Holdings in Microchip Technology Incorporated $MCHP

Key Points

• APG Asset Management N.V. has reduced its stake in Microchip Technology by 2.0%, selling 6,219 shares, and now owns approximately 0.06% of the company valued at $13.88 million.
• Multiple analysts have adjusted their price targets for Microchip Technology, with Morgan Stanley increasing their target from $39.00 to $50.00, and Goldman Sachs setting a new target at $88.00.
• Microchip Technology announced a quarterly dividend of $0.455, with an annualized yield of 2.7%, despite a negative payout ratio of -535.29%.

APG Asset Management N.V. lowered its position in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,651 shares of the semiconductor company's stock after selling 6,219 shares during the quarter. APG Asset Management N.V. owned approximately 0.06% of Microchip Technology worth $13,877,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MCHP. MGO One Seven LLC grew its stake in Microchip Technology by 23.0% in 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 in the last quarter. Bellwether Advisors LLC purchased a new position in Microchip Technology in the fourth quarter valued at about $8,776,000. The Manufacturers Life Insurance Company grew its stake in Microchip Technology by 0.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 332,429 shares of the semiconductor company's stock valued at $19,065,000 after purchasing an additional 3,030 shares in the last quarter. Northern Trust Corp grew its stake in Microchip Technology by 4.7% in the fourth quarter. Northern Trust Corp now owns 6,958,502 shares of the semiconductor company's stock valued at $399,070,000 after purchasing an additional 311,796 shares in the last quarter. Finally, Lido Advisors LLC grew its stake in Microchip Technology by 5.5% in the fourth quarter. Lido Advisors LLC now owns 50,030 shares of the semiconductor company's stock valued at $2,869,000 after purchasing an additional 2,613 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insider Activity at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of the company'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 completion of the transaction, the chief financial officer owned 30,010 shares of the company's stock, valued at $2,062,287.20. This represents a 19.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Matthew W. Chapman sold 10,000 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.25, for a total value of $682,500.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company's stock.

Microchip Technology Stock Performance

Shares of NASDAQ MCHP traded down $1.40 during trading hours on Thursday, hitting $65.25. 13,996,951 shares of the company's stock were exchanged, compared to its average volume of 9,616,931. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $82.65. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33. The stock has a market capitalization of $35.21 billion, a price-to-earnings ratio of -191.91, a PEG ratio of 1.93 and a beta of 1.55. The company's 50-day moving average price is $69.50 and its 200-day moving average price is $59.17.

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

Microchip Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 22nd will be issued a $0.455 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.82 annualized dividend and a yield of 2.8%. Microchip Technology's dividend payout ratio is -535.29%.

Wall Street Analyst Weigh In

A number of brokerages have commented on MCHP. Bank of America upgraded Microchip Technology from an "underperform" rating to a "neutral" rating and set a $56.00 target price on the stock in a research note on Friday, May 9th. Mizuho upped their price target on Microchip Technology from $78.00 to $85.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Needham & Company LLC upped their price target on Microchip Technology from $66.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. UBS Group upped their price target on Microchip Technology from $65.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Finally, Raymond James Financial upped their price target on Microchip Technology from $65.00 to $75.00 and gave the stock a "strong-buy" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.58.

Microchip Technology Company 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.